Glenveagh Properties (CDI)

GLV · Main Market · Consumer Products and Services · mcap £1,001m · €2.34 (≈198p)

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Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value

Source: results 10 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £971.7m
Owner’s net cash: −£361.0m
Net cash / market cap: -37%
EV ex leases: £1,333m
Revenue: £713.4m
Operating profit: £99.6m
Free cash flow after leases: −£103.5m
EV / EBIT: 13.4×
FCF yield: -10.7%
Price / tangible book: 1.51×
ROCE: 9%
Net income (owners): £68.7m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies – figures the company reported in EUR are converted to £ at the average rate of each period (balance sheets: at the date); when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 26 (six months to 30 Jun 26), published 10 Sep 26 · read the results ↗

Source ↗

	30 June 2026 €'000	31 December 2025 €'000
Non-current assets
Goodwill	5,697	5,697
Property, plant and equipment	70,904	67,739
Intangible assets	9,475	8,592
Deferred tax asset	1,643	2,075
Derivative contracts	606	-
Total non-current assets	88,325	84,103
Current assets
Inventory	1,077,788	837,720
Trade and other receivables	230,475	224,924
Income tax receivable	11,118	2,296
Cash and cash equivalents	58,583	75,196
Total current assets	1,377,964	1,140,136
Total assets	1,466,289	1,224,239
Equity
Share capital	508	520
Share premium	179,857	179,857
Undenominated capital	558	543
Retained earnings	518,501	550,093
Cashflow hedge reserve	(432)	(617)
Cost of hedging reserve	(394)	-
Share-based payment reserve	65,171	62,171
Total equity	763,769	792,567
Liabilities
Non-current liabilities
Loans and borrowings	473,582	236,231
Lease liabilities	2,122	2,617
Derivative contracts	-	823
Total non-current liabilities	475,704	239,671
Current liabilities
Trade and other payables	221,240	187,604
Loans and borrowings	4,152	2,803
Lease liabilities	1,424	1,594
Total current liabilities	226,816	192,001
Total liabilities	702,520	431,672
Total liabilities and equity	1,466,289	1,224,239

Source ↗

	2026 €'000	2025 €'000
Cash flows from operating activities
Profit for the period	498	28,356
Adjustments for
Depreciation and amortisation	2,003	1,693
Finance costs	12,332	9,612
Equity-settled share-based payment expense	3,000	3,200
Tax expense	541	4,116
Profit on disposal of property, plant and equipment	(171)	(14)
Total adjustments for	18,203	46,963
Changes in
Inventories	(237,951)	(44,972)
Trade and other receivables	(5,551)	895
Trade and other payables	33,636	4,776
Cash (used in) / from operating activities	(191,663)	7,662
Interest paid	(8,101)	(9,930)
Tax paid	(9,288)	(8,388)
Net cash used in operating activities	(209,052)	(10,656)
Cash flows from investing activities
Acquisition of property, plant and equipment	(7,777)	(2,539)
Acquisition of intangible assets	(1,476)	(1,128)
Proceeds from the sale of property, plant and equipment	1,383	14
Net cash used in investing activities	(7,870)	(3,653)
Cash flows from financing activities
Proceeds from borrowings	714,601	140,000
Repayment of loans and borrowings	(475,000)	(60,000)
Purchase of own shares	(32,090)	(35,300)
Transaction costs related to loans and borrowings	(4,963)	-
Payment of derivative settlements	(1,353)	(131)
Payment of lease liabilities	(889)	(730)
Proceeds from exercise of share options	3	71
Net cash from financing activities	200,309	43,910
Net (decrease) / increase in cash and cash equivalents	(16,613)	29,601
Cash and cash equivalents at the beginning of the period	75,196	63,165
Cash and cash equivalents at the end of the period	58,583	92,766

Source ↗

	2025 €'000	2024 €'000
Revenue	925,879	869,197
Cost of sales	(727,966)	(685,278)
Gross profit	197,913	183,919
Administrative expenses	(53,785)	(51,780)
Operating profit	144,128	132,139
Finance expense	(18,940)	(18,323)
Profit before tax	125,188	113,816
Income tax	(17,576)	(16,061)
Profit after tax attributable to the owners of the Company	107,612	97,755
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Fair value movement on cash flow hedges	312	741
Cash flow hedges reclassified to profit or loss	441	(694)
Cash flow hedges - deferred tax	(188)	394
Total other comprehensive income	565	441
Total comprehensive income for the year attributable of the owners of the Company	108,177	98,196
Basic earnings per share (cent)	20.0	17.0
Diluted earnings per share (cent)	19.7	16.9

Source ↗

	2025 €'000	2024 €'000
Assets
Non-current assets
Goodwill	5,697	5,697
Property, plant and equipment	67,739	62,404
Intangible assets	8,592	7,277
Deferred tax asset	2,075	1,339
Total non-current assets	84,103	76,717
Current assets
Inventory	837,720	864,353
Trade and other receivables	224,924	173,221
Income tax receivable	2,296	-
Restricted cash	-	458
Cash and cash equivalents	75,196	63,165
Total current assets	1,140,136	1,101,197
Total assets	1,224,239	1,177,914
Equity
Share capital	520	642
Share premium	179,857	179,788
Undenominated capital	543	418
Retained earnings	550,093	517,425
Cash flow hedge reserve	(617)	(1,182)
Share-based payment reserve	62,171	54,079
Total equity	792,567	751,170
Liabilities
Non-current liabilities
Loans and borrowings	236,231	235,039
Lease liabilities	2,617	3,136
Derivative contracts	823	1,576
Trade and other payables	-	-
Total non-current liabilities	239,671	239,751
Current liabilities
Trade and other payables	187,604	181,235
Income tax payable	-	1,350
Loans and borrowings	2,803	3,129
Lease liabilities	1,594	1,279
Total current liabilities	192,001	186,993
Total liabilities	431,672	426,744
Total liabilities and equity	1,224,239	1,177,914

Source ↗

	2025 €'000	2024 €'000
Cash flows from operating activities
Profit for the financial year	107,612	97,755
Adjustments for
Depreciation and amortisation	3,611	2,774
Finance costs	18,940	18,323
Equity-settled share-based payment expense	8,092	5,180
Tax expense	17,576	16,061
Impairment reversal	-	(1,991)
Loss on disposal of property, plant and equipment	28	8
Total adjustments for	155,859	138,110
Changes in
Inventories	29,971	(150,387)
Trade and other receivables	(51,703)	(95,248)
Trade and other payables	6,369	44,817
Cash from/(used in) operating activities	140,496	(62,708)
Interest paid	(18,010)	(19,864)
Tax paid	(22,147)	(10,871)
Net cash from/(used in) operating activities	100,339	(93,443)
Cash flows from investing activities
Acquisition of property, plant and equipment	(10,091)	(1,835)
Acquisition of intangible assets	(2,330)	(4,982)
Proceeds from the sale of property, plant and equipment	617	237
Transfer from restricted cash	458	-
Net cash used in investing activities	(11,346)	(6,580)
Cash flows from financing activities
Proceeds from loans and borrowings	190,000	268,333
Repayment of loans and borrowings	(190,000)	(145,000)
Transaction costs related to loans and borrowings	-	(1,087)
Purchase of own shares	(74,944)	(30,433)
Proceeds from exercise of share options	72	71
(Payments of)/proceeds from derivative settlements	(441)	783
Payment of lease liabilities	(1,649)	(1,342)
Net cash (used in)/from financing activities	(76,962)	91,325
Net increase/(decrease) in cash and cash equivalents	12,031	(8,698)
Cash and cash equivalents at the beginning of the year	63,165	71,863
Cash and cash equivalents at the end of the year	75,196	63,165

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	713.4	793.1	736.0
Gross profit	–	169.5	155.7
Operating profit	99.6	123.5	111.9
Amortisation	–	0.9	0.4
Share-based payments	6.8	6.9	4.4
Operating profit to net income
Finance costs	(13.6)	(16.2)	(15.5)
Profit before tax	80.7	107.2	96.4
Tax	–	(15.1)	(13.6)
Net income (owners)	68.7	92.2	82.8
Per share
EPS basic	–	17.4p	14.1p
EPS diluted	–	17.2p	14.0p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	207.9	−28%	505.5	287.6
Operating profit	11.6	−67%	88.0	35.4
Share-based payments	2.6	−3%	4.2	2.7
Operating profit to net income
Finance costs	10.7	+32%	(24.3)	8.1
Profit before tax	0.9	−97%	79.9	27.4
Net income (owners)	0.4	−98%	68.3	23.9

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(86.4)	86.0	(79.1)
Interest paid	(14.1)	(15.4)	(16.8)
Tax paid	(20.0)	(19.0)	(9.2)
Investing activities
Capex (PP&E)	(13.3)	(8.6)	(1.6)
Capex (intangibles)	(2.3)	(2.0)	(4.2)
Financing activities
Lease principal paid	(1.6)	(1.4)	(1.1)
Share buybacks	(62.3)	(64.2)	(25.8)
Shares issued	0.0	0.1	0.1

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(181.3)	n/m	94.9	(9.0)
Interest paid	(7.0)	−16%	(7.1)	(8.4)
Tax paid	(8.1)	+14%	(11.9)	(7.1)
Investing activities
Capex (PP&E)	(6.7)	+216%	(6.5)	(2.1)
Capex (intangibles)	(1.3)	+35%	(1.0)	(0.9)
Financing activities
Lease principal paid	(0.8)	+25%	(0.8)	(0.6)
Share buybacks	(27.8)	−6%	(34.5)	(29.7)
Shares issued	0.0	n/m	0.0	0.1

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Goodwill	4.9	5.0	4.7
Other intangibles	8.2	7.5	6.0
Property, plant & equipment	61.1	59.1	51.7
Non-current assets	76.1	73.4	63.6
Current assets
Inventories	928.4	730.7	716.7
Trade receivables	198.5	196.2	143.6
Cash	50.5	65.6	52.4
Current assets	1,186.9	994.5	913.1
Total assets	1,263.0	1,067.8	976.7
Current liabilities
Trade payables	190.6	163.6	150.3
Borrowings, current	3.6	2.4	2.6
Lease liabilities, current	1.2	1.4	1.1
Current liabilities	195.4	167.5	155.1
Non-current liabilities
Borrowings, non-current	407.9	206.1	194.9
Lease liabilities, non-current	1.8	2.3	2.6
Non-current liabilities	409.8	209.1	198.8
Total liabilities	605.1	376.5	353.9
Equity
Total equity	657.9	691.3	622.9
Net cash and other figures
Net cash / (debt) ex leases	–	(146.5)	(148.4)
Net cash / (debt) incl. leases	(364.1)	–	–
Undrawn facilities	86.1	183.2	174.1

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Goodwill	4.9	5.0	–	4.7
Other intangibles	8.2	7.5	–	6.0
Property, plant & equipment	61.1	59.1	–	51.7
Non-current assets	76.1	73.4	–	63.6
Current assets
Inventories	928.4	730.7	–	716.7
Trade receivables	198.5	196.2	–	143.6
Cash	50.5	65.6	–	52.4
Current assets	1,186.9	994.5	–	913.1
Total assets	1,263.0	1,067.8	–	976.7
Current liabilities
Trade payables	190.6	163.6	–	150.3
Borrowings, current	3.6	2.4	–	2.6
Lease liabilities, current	1.2	1.4	–	1.1
Current liabilities	195.4	167.5	–	155.1
Non-current liabilities
Borrowings, non-current	407.9	206.1	–	194.9
Lease liabilities, non-current	1.8	2.3	–	2.6
Non-current liabilities	409.8	209.1	–	198.8
Total liabilities	605.1	376.5	–	353.9
Equity
Total equity	657.9	691.3	–	622.9
Net cash and other figures
Net cash / (debt) ex leases	–	(146.5)	–	(148.4)
Net cash / (debt) incl. leases	(364.1)	–	(196.5)	–
Undrawn facilities	86.1	183.2	–	174.1

Read automatically from each results announcement. Check the source before relying on a figure.

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Company filings. Not investment advice.