Victorian Plumbing sees revenues jump 5% amid market decline in FY25
Trade revenue also grew about 10% to £74m, accounting for roughly 24% of group turnover, while sales of tiles and décor rose 40% to £17m, representing about 5% of total revenue
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Victorian Plumbing has reported a 5% rise in full-year revenue to about £310m for the 12 months to 30 September 2025, in line with market expectations, despite a wider fall in the UK home improvements and DIY market.
The group stated that the broader market declined by around 3% over the same period, but its performance reflected continued market share gains supported by a strong product range and availability.
Order volumes increased by 6% to a record 1.08 million, compared with 1.02 million the previous year, while the average order value held broadly steady at £287.
Trade revenue also grew about 10% to £74m, accounting for roughly 24% of group turnover, while sales of tiles and décor rose 40% to £17m, representing about 5% of total revenue.
Additionally, its adjusted EBITDA rose 17% to £31.8m, and adjusted pre-tax profit is also in line with the top end of market expectations at £21.8m (FY24: £23.1m).
The company said both figures were at the upper end of market forecasts, supported by revenue growth and more efficient marketing.
During the year, the group’s revival of the MFI brand advanced, with a soft launch in July through the website mfi.co.uk. A full rollout is planned for the first half of 2026.
The company said investment in the project remained “disciplined” and in line with previous guidance.
The company plans to publish its preliminary results for the year on 3 December.
Mark Radcliffe, chief executive, said: “I am pleased to report another solid financial and operational performance following an exciting twelve months for the group. Our own-brand proposition and wide range of bathroom products continue to resonate with customers.
“Our new distribution centre enables us to fulfil orders more efficiently and support growth in both trade and expansion categories. We have also continued our investment in the Victorian Plumbing brand and were pleased to soft launch MFI in July. The feedback has been positive and we look forward to growing the proposition and launching a broader range of products in the first half of 2026.”
