Victorian Plumbing Group

VIC · AIM · Retail · mcap £253m · 80.2p

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Financials · LTM to 31 Mar 26

Source: results 19 May 26 ↗

Revenue: £326m
Operating profit: £21.0m
Net income: £15.3m
Free cash flow: £19.5m
Net cash: £21.2m
Market cap: £264m
EV / EBIT: 11.6×
FCF yield: +7.4%
Price / book: 4.2×

Latest half-year · H1 Mar 26 vs H1 Mar 25 results 19 May 26 ↗

Revenue: £169m
Operating profit: £9.8m
Net income: £6.5m
Cash from operations: £15.1m

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: H1 Mar 26 (six months to 31 Mar 26), published 19 May 26 · read the results ↗

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

	LTM Mar 26	FY Sep 25	FY Sep 24
Revenue	326.1	310.0	295.7
Gross profit	160.5	153.2	147.8
Adjusted EBITDA	32.0	31.8	27.2
Operating profit	21.0	18.0	11.2
Depreciation (owned assets)	2.1	1.5	0.5
Depreciation (right-of-use)	3.6	3.4	1.1
Share-based payments	1.4	1.4	3.1
Finance costs	(3.9)	(3.6)	(3.2)
Profit before tax	18.1	15.1	9.0
Tax	(2.8)	(2.2)	(3.5)
Net income (owners)	15.3	12.9	5.5
Discontinued operations	–	(0.9)	–
EPS basic	4.4p	4.2p	1.8p
EPS diluted	4.1p	3.9p	1.7p
Dividend per share	2.2p	2.1p	1.6p

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Revenue	168.8	+11%	157.3	152.7
Gross profit	83.9	+10%	76.6	76.6
Adjusted EBITDA	15.4	+1%	16.6	15.2
Operating profit	9.8	+44%	11.2	6.8
Depreciation (owned assets)	1.1	+120%	1.0	0.5
Depreciation (right-of-use)	1.9	+12%	1.7	1.7
Share-based payments	1.0	0%	0.4	1.0
Finance costs	(2.0)	+18%	(1.9)	(1.7)
Profit before tax	8.4	+56%	9.7	5.4
Tax	(1.9)	+46%	(0.9)	(1.3)
Net income (owners)	6.5	+59%	8.8	4.1
Discontinued operations	–	–	0.9	(1.8)
EPS basic	2.1p	–	2.3p	1.9p
EPS diluted	2.0p	–	2.1p	1.8p
Dividend per share	0.7p	–	1.4p	0.7p

	LTM Mar 26	FY Sep 25	FY Sep 24
Cash from operations	28.8	22.0	17.4
Tax paid	(3.6)	(1.7)	(2.5)
Capex (PP&E)	(0.9)	(1.4)	(21.0)
Capex (intangibles)	(4.0)	(4.0)	(3.8)
Lease principal paid	(0.8)	(0.7)	(0.8)
Lease interest paid	(3.6)	(3.3)	(3.0)
Dividends paid	(6.9)	(5.8)	(4.8)

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Cash from operations	15.1	+82%	13.7	8.3
Tax paid	(2.9)	+190%	(0.7)	(1.0)
Capex (PP&E)	(0.6)	−45%	(0.3)	(1.1)
Capex (intangibles)	(1.9)	0%	(2.1)	(1.9)
Lease principal paid	(0.6)	+20%	(0.2)	(0.5)
Lease interest paid	(1.6)	+23%	(2.0)	(1.3)
Dividends paid	(4.7)	+31%	(2.2)	(3.6)

	Latest Mar 26	FY Sep 25	FY Sep 24
Goodwill	22.2	18.8	18.8
Other intangibles	5.4	4.7	4.7
Property, plant & equipment	26.6	26.8	27.8
Inventories	50.8	45.6	43.7
Trade receivables	11.3	7.5	6.9
Cash	21.2	17.7	11.2
Current assets	83.3	70.8	61.8
Total assets	185.8	168.4	158.5
Trade payables	56.1	45.0	44.5
Lease liabilities, current	4.6	3.6	3.1
Current liabilities	68.1	56.7	58.0
Lease liabilities, non-current	48.0	47.5	43.0
Total liabilities	122.3	107.8	106.2
Total equity	63.5	60.6	52.3
Net cash / (debt) ex leases	21.2	17.7	11.2
Undrawn facilities	30.0	30.0	–

	H1 Mar 26	H2 Sep 25	H1 Mar 25	H2 Sep 24
Goodwill	22.2	18.8	18.8	18.8
Other intangibles	5.4	4.7	5.3	4.7
Property, plant & equipment	26.6	26.8	27.7	27.8
Inventories	50.8	45.6	43.4	43.7
Trade receivables	11.3	7.5	8.8	6.9
Cash	21.2	17.7	10.9	11.2
Current assets	83.3	70.8	63.1	61.8
Total assets	185.8	168.4	162.9	158.5
Trade payables	56.1	45.0	46.5	44.5
Lease liabilities, current	4.6	3.6	2.9	3.1
Current liabilities	68.1	56.7	57.2	58.0
Lease liabilities, non-current	48.0	47.5	47.3	43.0
Total liabilities	122.3	107.8	109.2	106.2
Total equity	63.5	60.6	53.7	52.3
Net cash / (debt) ex leases	21.2	17.7	10.9	11.2
Undrawn facilities	30.0	30.0	–	–

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.