Sosandar (SOS) Trading update summary

Financial performance highlights

• Revenue increased by 10% to £13.4m in Q3 FY26 compared to the prior year.

• Own site revenue grew 27% year-on-year, reflecting strong brand momentum.

• Gross margin improved to 66.0%, up from 64.7%, driven by better intake margin.

• Net cash position was £9.7m as of 9 January 2026, after £0.8m was returned to shareholders.

• Q3 performance aligned with management expectations, supporting full-year revenue and profit targets.

Operational and strategic updates

• Increased site traffic, higher conversion rates, and more orders from both new and existing customers.

• M&S partnership impacted by lower stock levels post-cyber incident, with normalization expected by Spring 2026.

• Store sales outperformed the previous year, contributing to overall growth.

• Continued focus on expanding brand awareness and market reach through direct and third-party channels.

• Foundations set for sustained profitable and cash-generative growth into 2026.