Vertu Motors

VTU · AIM · Retail · mcap £256m · 84.8p

Vertu Motors is a UK motor retailer running around 190 car and van sales and aftersales outlets under the Vertu brand. It sells new and used vehicles and services them, and is adding Chinese car brands.

Target	Promise	Said	Status
2024
FY24	Deliver FY24 adjusted profit before tax broadly in line with consensus.	4 Mar 2024	✓ Kept
	“Full year FY24 adjusted profit before tax expected to be broadly in-line with current consensus.” Result FY24 adjusted profit £37.8m, reported in line with expectations. 15 May 2024 · Final Results
FY24	Year-end FY24 net debt of £60m-£65m.	4 Mar 2024	✓ Kept
	“Year-end net debt expected to be reduced ahead of market expectations to between £60m-£65m” Result Net debt at year end was £54.0m, better than the guided range. “Net debt2 of £54.0m as at 29 February 2024, lower than market expectations (FY23: Net debt: £75.3m).”15 May 2024 · Final Results
2025
FY25	Buy back up to £3m of shares in FY25.	15 May 2024	✓ Kept
	“A share buyback approval for the potential purchase of shares for up to £3m has been put in place for the new financial year” Result £2.4m repurchased by October 2024, then a further £3m programme announced. “In the financial year to date, the Group has continued to buy back shares, repurchasing approximately 3.3m shares, representing 1.0% of opening shares in issue, for a total cost of £2.4m.”16 Oct 2024 · Share Buyback Programme “The Board has agreed a further £3m share buyback programme for deployment once the current remaining authority of £0.6m is utilised”16 Oct 2024 · Share Buyback Programme
1 Apr 2025	Fully offset £10m Autumn Budget cost increase through cost actions.	6 Feb 2025	✓ Kept
	“£10m annualised additional cost from April 2025, arising from Autumn Budget, fully offset by cost reduction actions completed during the Year.” Also stated 14 May 2025 Result May 2025 results confirm the £10m was fully offset by actions completed during the year. “£10m annualised additional cost from April 2025, arising from Autumn Budget, fully offset by cost reduction actions completed during the Year.”14 May 2025 · Final Results
2026
28 Feb 2026	Complete the £12m buyback programme by 28 February 2026.	6 Feb 2025	✓ Kept
	“A £12m share buyback programme was announced in February 2025 and to 30 April 2025, £2.2m of this programme has been utilised in the purchase of 4.2m shares, leaving £9.8m to deploy.” Also stated 14 May 2025 Result £6.5m deployed by September 2025; a further £12m programme was announced in March 2026, implying the first was completed. “Further to the £12 million share buyback programme announced on 6 February 2025 (the "Buyback Programme") of which £6.5 million has been deployed to date”8 Sep 2025 · Management of share buyback & notice of HY results “The Board announces that it has agreed a further £12m share buyback programme (the "Buyback Programme"). This reflects the Board's intention to increase capital allocation to buybacks.”5 Mar 2026 · Share Buyback Programme
FY26	FY26 results in line with market expectations.	25 Jun 2025	✓ Kept
	“The Board anticipates that full year results for FY26 will be in line with current market expectations.” Result FY26 adjusted profit £24.5m, slightly ahead of expectations. “Adjusted1 profit before tax of £24.5m ahead of market expectations3 delivered despite weak new vehicle markets due to the Government's Zero Emission Mandate (ZEV) and related margin pressure.”13 May 2026 · Final Results