AO World

AO. · Main Market · Retail · mcap £489m · 91.0p

Beta Briefing, track record and bull & bear case are not ready for AO World yet.

We follow 817 UK small caps and every one of their announcements – often hundreds per company. 38 companies are already wired into a briefing: browse them.

Financials · LTM to 31 Mar 26

Source: results 17 Jun 26 ↗

Revenue: £1.3bn
Operating profit: £49.4m
Net income: £35.9m
Free cash flow: £65.9m
Net cash: £79.6m
Market cap: £514m
EV / EBIT: 8.8×
FCF yield: +12.8%
Price / book: 2.9×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 25 Nov 25 ↗

Revenue: £586m
Operating profit: £17.5m
Net income: £12.6m
Cash from operations: £70.4m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 17 Jun 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY Mar 26	FY Mar 25
Revenue	1,266.6	1,137.5
Gross profit	316.1	276.0
Operating profit	49.4	21.1
Share-based payments	7.7	7.3
Finance costs	(5.5)	(5.3)
Profit before tax	50.5	20.6
Tax	(14.6)	(10.9)
Net income (owners)	35.9	10.5
Discontinued operations	–	0.8
EPS basic	6.4p	1.8p
EPS diluted	6.1p	1.8p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue	681.0	585.6	625.4	512.1
Gross profit	168.2	147.9	151.0	125.0
Operating profit	31.9	17.5	4.7	16.4
Share-based payments	3.9	3.8	3.8	3.5
Finance costs	(3.0)	(2.5)	(2.8)	(2.5)
Profit before tax	32.6	17.9	4.4	16.2
Tax	(9.3)	(5.3)	(5.8)	(5.1)
Net income (owners)	23.3	12.6	(0.7)	11.2
Discontinued operations	–	–	0.7	0.1
EPS basic	4.1p	2.2p	(0.1p)	1.9p
EPS diluted	4.0p	2.1p	(0.1p)	1.9p

	FY Mar 26	FY Mar 25
Cash from operations	95.7	58.0
Interest paid	(1.3)	(2.3)
Tax paid	(12.1)	(9.3)
Capex (PP&E)	(5.2)	(8.8)
Capex (intangibles)	(0.8)	(0.1)
Lease principal paid	(20.2)	(21.2)
Lease interest paid	(3.6)	(3.4)
Share buybacks	(10.1)	–
Shares issued	–	0.1

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Cash from operations	25.3	70.4	24.2	33.8
Interest paid	(0.8)	(0.5)	(1.5)	(0.8)
Tax paid	(7.2)	(4.9)	(5.9)	(3.4)
Capex (PP&E)	(3.6)	(1.6)	(2.0)	(6.8)
Lease principal paid	(10.2)	(10.0)	(10.4)	(10.8)
Lease interest paid	(1.8)	(1.8)	(1.7)	(1.7)
Share buybacks	(9.4)	(0.7)	–	–
Shares issued	–	0.1	–	–

	FY Mar 26	FY Mar 25
Goodwill	25.5	25.5
Other intangibles	11.4	13.2
Property, plant & equipment	39.5	27.1
Inventories	87.4	88.5
Trade receivables	105.5	102.5
Cash	81.3	27.4
Current assets	274.4	218.4
Total assets	485.4	426.5
Trade payables	232.5	207.7
Borrowings, current	0.2	0.2
Lease liabilities, current	16.7	18.5
Current liabilities	250.9	227.5
Borrowings, non-current	1.5	1.7
Lease liabilities, non-current	46.4	42.9
Total liabilities	309.9	282.0
Total equity	175.5	144.5
Net cash / (debt) ex leases	16.4	(35.9)
Net cash / (debt) incl. leases	–	(35.9)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Goodwill	25.5	25.5	25.5	28.2
Other intangibles	11.4	11.9	13.2	8.5
Property, plant & equipment	39.5	36.1	27.1	23.7
Inventories	87.4	86.3	88.5	92.6
Trade receivables	105.5	106.2	102.5	115.7
Cash	81.3	79.6	27.4	43.1
Current assets	274.4	272.8	218.4	251.5
Total assets	485.4	477.9	426.5	456.0
Trade payables	232.5	248.0	207.7	245.8
Borrowings, current	0.2	0.2	0.2	0.2
Lease liabilities, current	16.7	17.8	18.5	16.9
Current liabilities	250.9	266.2	227.5	264.6
Borrowings, non-current	1.5	1.6	1.7	1.8
Lease liabilities, non-current	46.4	45.0	42.9	42.1
Total liabilities	309.9	321.8	282.0	314.3
Total equity	175.5	156.1	144.5	141.7
Net cash / (debt) ex leases	16.4	65.1	(35.9)	38.4
Net cash / (debt) incl. leases	–	15.0	(35.9)	(17.9)

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.