Ultimate Products (ULTP) Q3 2026 TU earnings summary

Executive summary

• Q3 2026 revenues were £34.8m, matching the prior year, amid subdued consumer demand and a planned reduction in non-core clearance sales.

• Proprietary brand sales rose 9% to £31.5m, with overall branded sales up 3%, reflecting a strategic focus on core brands.

• Operational productivity initiatives and a refreshed commercial function are expected to support future growth.

Financial highlights

• Group revenues for Q3 2026 were £34.8m, flat year-over-year.

• Proprietary brand sales increased 9% to £31.5m; overall branded sales up 3%.

• FY25 actual revenue was £150.1m; FY26 consensus is £141.0m, with adjusted EBITDA expected at £9.9m.

• Adjusted EPS for FY26 is forecast at 5.2p, compared to 7.4p in FY25.

Outlook and guidance

• Flat trading trends from Q3 are expected to persist for the remainder of the year.

• Group sales are projected to be marginally ahead of market expectations, with profitability in line with consensus.

• Ongoing investment in operational capabilities and leadership transition are expected to drive future growth.