Full Year Trading Update
Sosandar plc reported a strong financial year ended March 31, 2026, with total revenue increasing 14% year-on-year to £42.3 million, driven by a 24% rise in own site revenue. The company expects to achieve a profit before tax of £0.4 million, a significant improvement from a £0.1 million loss in the prior year, supported by a gross margin of 63.9%. Sosandar ended the period with net cash of £8.4 million, after undertaking £1.8 million in share buybacks. The company noted positive trading from its store estate and expects continued profitable growth.
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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 for its financial year ended 31 March 2026 ("FY26").
Highlights*
- Total revenue of £42.3m, up 14% year-on-year
- Own site revenue up 24% year-on-year
- Profit before tax ("PBT") expected to be £0.4m (FY25: Loss £0.1m)
- Gross margin of 63.9% (FY25: 62.1%)
- Net cash of £8.4m, after £1.8m of share buybacks (£7.3m at 31 March 2025)
The Company delivered a consistently strong trading performance throughout FY26. Margin enhancement and profitability remained firm priorities, with meaningful and sustained margin improvement achieved across the year resulting in PBT being in line with market expectations.
The year saw strong growth in revenue, up 14% to £42.3m, with own site performing particularly well, up 24%. This performance was driven by increased traffic, improved conversion and increased order volumes from both new and existing customers. All categories performed well, from occasion wear through to casual wear, demonstrating our ability to translate trends into a distinctive Sosandar aesthetic.
Sosandar remained one of the top-selling brands across its third-party partners, including NEXT, delivering robust trading through the period and demonstrating the strength of its brand. As expected, trading with Marks & Spencer has gradually resumed following their cyber incident, with stock intake now back to expected levels.
The Company's store estate demonstrated a positive uplift in performance over the year, with each store now in its second year of trading and those in market town locations performing most strongly. As expected, stores continue to weigh on overall profitability until they mature, particularly those in shopping centres. The Company remains focused on driving profitability from each individual location and does not anticipate any further new openings for the foreseeable future.
The Board is confident in the Company's strategy and believes the foundations are in place to deliver sustainable, profitable and cash-generative growth.
* Sosandar believes that market expectations for the year ended 31 March 2026 prior to publication of this announcement are revenues of £43.1 million and profit before tax of £0.4 million.
Conference call
Sosandar is hosting a Q&A call for analysts and investors today at 9.30am to discuss the Trading Update. If you would like to register for the call, please follow this link: https://engageinvestor.news/SOS_IP26
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