Virgin Wines UK
VINO · AIM · Retail · mcap £12m · 25.5p
Virgin Wines is a UK online wine retailer selling mainly through a subscription-style WineBank membership, plus commercial partnerships such as Ocado and its Warehouse Wines channel. It buys wine based on customer preferences and delivers direct to homes.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| FY24 | Double-digit sales growth in FY24 with EBITDA margin of c. 4-5%. | 25 Oct 2023 | ✗ Missed |
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Result
FY24 revenue was flat at £59m, not double-digit growth; EBITDA £2.8m, about 4.7% margin. “Revenue was in line with the prior year at £59m (FY23: £59m), while enhanced margins and operational efficiencies, particularly in warehouse fulfilment, drove an improvement in profitability.”25 Jul 2024 · FY24 Trading Update “EBITDA1 increased by 260% to £2.8m (FY23: £780k), with Profit/(Loss)1 before tax expected to be £1.95m (FY23: Loss £430k).”25 Jul 2024 · FY24 Trading Update |
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| 2026 | |||
| FY26 | FY26 outturn in line with market expectations. | 22 Oct 2025 | ✗ Missed · target changed |
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Also stated 27 Jan 2026
Result
June 2026 update guided FY26 EBITDA to -£200k versus £100k expected, below expectations. 12 Jun 2026 · Trading Update |
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| FY26 | Remain EBITDA profitable in FY26 despite extra £0.55m investment. | 17 Mar 2026 | ✗ Missed |
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Result
June 2026 guidance showed FY26 EBITDA of -£200k. “The Company now expects FY26 revenue of c.£61m, FY26 EBITDA1 of -£200k and FY26 PBT1 of -£1.5m2.”12 Jun 2026 · Trading Update |
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