Trading Update
Sosandar plc reported a 10% increase in revenue to £13.4 million for the third quarter of fiscal year 2026, driven by a significant 27% growth in own-site revenue. The company also saw an improvement in gross margin to 66.0% and maintained strong net cash of £9.7 million. Trading is in line with full-year expectations, with revenues projected at £43.6 million and profit before tax at £0.4 million. While M&S stock levels remain below the prior year due to a cyber incident, they are expected to normalise by Spring 2026, and store sales are performing ahead of the previous year.
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Sosandar plc (AIM: SOS), the women's fashion brand, creating quality, trend-led products for women of all ages, provides the following trading update covering the three-month period ended 31 December 2025 (Q3 FY26).
Highlights:
| · | Revenue up 10% to £13.4m (Q3 FY25: £12.2m) |
| · | Continued momentum in own site performance, with revenue up 27% on the prior year |
| · | Gross margin of 66.0%, up from 64.7% in the prior year, driven by an improved intake margin |
| · | M&S continues to trade with stock levels below the prior year following the cyber incident, with stock levels expected to normalise by Spring 2026 |
| · | Encouraging performance through stores, with sales ahead of the prior year |
| · | Strong net cash of £9.7m at 09 January 2026 (£9.5m at 22 November 2025) after returning £0.8m to shareholders through market purchases of the Company's shares |
| · | Q3 performance in line with management expectations and on track to meet market expectations for the full year* |
* Sosandar believes that current market expectations for the year ending 31 March 2026 are revenues of £43.6 million and profit before tax of £0.4 million.
The strong trading in H1 continued into the second half, delivering further revenue growth of 10% over Q3, to £13.4m (Q3 FY25: £12.2m). Central to this is the momentum in Sosandar's own site, the cornerstone of our brand, delivering a revenue increase of 27% on the prior year.
This performance has been driven by higher site traffic, improved conversion rates and increased order volumes from new and existing customers, all of which speak to the success of Sosandar's product range and marketing strategy. Gross margin also continues to strengthen. Overall trading remains in line with market expectations for the current financial year.
Ali Hall and Julie Lavington, Joint-CEOs of Sosandar plc, commented: "We're pleased to see the positive momentum has continued into the second half of the financial year, with continued revenue growth and improved margins. The foundations have been laid for sustained profitable and cash-generative growth and we are excited for what 2026 will bring."
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