Mulberry Group

MUL · AIM · Consumer Products and Services · mcap £164m · 231.0p

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Financials · LTM to 28 Mar 26

Source: results 22 Jul 26 ↗

Revenue: £125m
Operating profit: −£4.3m
Net income: −£8.4m
Free cash flow: −£8.5m
Net debt: £28.8m
Market cap: £160m
EV / EBIT: –
FCF yield: −5.3%
Price / book: –

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 19 Nov 25 ↗

Revenue: £53.9m
Operating profit: −£4.9m
Net income: −£6.6m
Cash from operations: −£4.6m

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 28 Mar 26), published 22 Jul 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	125.5	120.4
Gross profit	90.2	80.4
Operating profit	(4.3)	(27.1)
Share-based payments	0.2	0.1
Finance costs	(5.1)	(5.1)
Profit before tax	(8.8)	(32.2)
Tax	(0.3)	(0.4)
Net income (owners)	(8.4)	(30.8)
EPS basic	(13.0p)	(50.4p)
EPS diluted	(13.0p)	(50.4p)

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue	71.5	53.9	64.2	56.1
Gross profit	52.9	37.3	43.1	37.3
Operating profit	0.6	(4.9)	(14.0)	(13.1)
Share-based payments	0.1	0.1	0.1	(0.0)
Finance costs	(3.1)	(2.1)	(2.5)	(2.6)
Profit before tax	(1.9)	(6.9)	(16.5)	(15.7)
Tax	(0.2)	(0.1)	(0.0)	(0.4)
Net income (owners)	(1.8)	(6.6)	(15.7)	(15.1)
EPS basic	(3.0p)	(10.0p)	(23.4p)	(27.0p)
EPS diluted	(3.0p)	(10.0p)	(23.4p)	(27.0p)

	FY Mar 26	FY Mar 25
Cash from operations	2.8	8.1
Interest paid	(3.9)	(5.0)
Tax paid	0.0	(0.6)
Capex (PP&E)	(0.4)	(1.2)
Capex (intangibles)	(0.3)	(1.8)
Lease principal paid	(10.6)	(9.1)
Shares issued	0.1	10.1

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Cash from operations	7.4	(4.6)	(0.4)	8.5
Interest paid	(1.8)	(2.1)	(2.4)	(2.6)
Tax paid	0.0	(0.0)	(0.3)	(0.2)
Capex (PP&E)	(0.4)	(0.1)	(0.4)	(0.7)
Capex (intangibles)	(0.2)	(0.1)	(0.6)	(1.2)
Lease principal paid	(4.3)	(6.3)	(5.0)	(4.1)
Shares issued	0.0	0.1	–	–

	FY Mar 26	FY Mar 25	FY Mar 24
Other intangibles	2.4	5.2	8.7
Property, plant & equipment	11.7	14.8	18.9
Associates & JVs	0.5	0.5	0.2
Inventories	26.9	18.2	33.2
Trade receivables	11.6	13.1	15.5
Cash	6.7	8.2	7.1
Current assets	45.3	39.6	55.8
Total assets	82.5	87.5	118.8
Trade payables	24.6	24.7	23.4
Borrowings, current	8.2	17.6	23.5
Lease liabilities, current	8.7	10.2	9.9
Current liabilities	49.6	58.2	56.9
Borrowings, non-current	27.3	7.2	7.3
Lease liabilities, non-current	21.6	29.7	40.5
Total liabilities	103.6	99.8	109.0
Non-controlling interests	(8.9)	(8.2)	(6.5)
Total equity	(21.1)	(12.3)	9.7

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24	H2 Mar 24
Other intangibles	2.4	4.1	5.2	8.3	8.7
Property, plant & equipment	11.7	13.2	14.8	17.2	18.9
Associates & JVs	0.5	0.4	0.5	0.1	0.2
Inventories	26.9	23.1	18.2	25.1	33.2
Trade receivables	11.6	12.1	13.1	13.1	15.5
Cash	6.7	7.2	8.2	8.8	7.1
Current assets	45.3	–	39.6	–	55.8
Total assets	82.5	83.4	87.5	103.1	118.8
Trade payables	24.6	24.7	24.7	27.3	23.4
Borrowings, current	8.2	16.4	17.6	25.2	23.5
Lease liabilities, current	8.7	8.8	10.2	10.5	9.9
Current liabilities	49.6	–	58.2	–	56.9
Borrowings, non-current	27.3	19.3	7.2	7.8	7.3
Lease liabilities, non-current	21.6	23.7	29.7	34.9	40.5
Total liabilities	103.6	100.9	99.8	108.1	109.0
Non-controlling interests	(8.9)	(8.3)	(8.2)	(7.3)	(6.5)
Total equity	(21.1)	(17.5)	(12.3)	(5.0)	9.7

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.