Motorpoint Group (MOTR) Trading Update summary

Trading performance and financial highlights

• Retail volumes grew approximately 14% year-on-year, significantly outperforming the used car market, especially in the 0-6 year segment with 14.8% growth versus 2.8% market growth.

• Expected full-year EBIT and PBT are £13.3m–£13.6m and £4.0m–£4.3m, respectively, marking a strong turnaround from prior year losses.

• Maintained a robust balance sheet with no structural debt and around £6m in cash at year-end, despite substantial vehicle purchases.

• Opened a new store in Norwich, bringing the total to 21, with ongoing evaluation of further expansion opportunities.

• Net Promoter Score improved to over 80 in H2 FY25, reflecting enhanced customer service.

Strategic initiatives and outlook

• Announced a new share buyback program to repurchase up to 3 million shares, following a successful £5m buyback last year.

• Continued investment in digital capabilities and advanced data analytics, expected to drive further benefits in FY26.

• Management remains cautiously optimistic for FY26, citing strong cash flow and a solid position for further growth.

• The share buyback will be managed by Deutsche Numis and may exceed 25% of average daily trading volume on certain days.

• The program is deemed an attractive use of resources, balancing growth investment and shareholder returns.

Operational and regulatory notes

• Enhanced website traffic and lead generation attributed to digital improvements.

• The buyback will comply with UK Listing Rules and Market Abuse Regulation, with notifications to be made as required.

• No unpublished inside information is currently held by the company.

• Motorpoint operates an omnichannel model, serving both retail and trade customers through online and physical stores.

• The business model is supported by a strong brand, technology, and marketing infrastructure.