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Victorian Plumbing has announced that it has posted record revenues of £310m, an increase of 5%, for the year ended 30 September 2025.
This came as its order volumes rose 6% to 1.1 million, although average order value dipped 1% to £287, recovering in the second half.
As a result, the company saw its adjusted EBITDA rise 17% to £31.8m while its gross profits rose 4% to £153.2m. However, its profit margin fell slightly to 49.4% following the introduction of the Extended Producer Responsibility tax and shifts in product mix.
The company’s operating profit rose 61% to £18m, aided by the absence of last year’s exceptional warehouse and acquisition-related costs but its adjusted pre-tax profit slipped 6% to £21.8m.
This came as a result of higher interest charges associated with the company’s 20-year lease on its new distribution centre.
Mark Radcliffe, founder and CEO said: “I am proud of the group’s strong performance in 2025, in which we achieved record revenues and continued to deliver on our strategic growth ambitions.
“We have further strengthened our market share, reinforcing our position as the UK’s number one bathroom retailer, while improving our marketing efficiency alongside our ever increasing brand awareness.”
He added: “Our new state of the art distribution centre enables us to fulfil orders more efficiently and supports our growth ambitions across our trade and tiles and flooring expansion categories. We have continued our strategic investment in the Victorian Plumbing brand and were pleased to soft launch the MFI brand and mfi.co.uk website in July.
“As a highly cash generative business with a strong balance sheet, we continue to invest for long-term profitable growth and to increase our returns to shareholders. We are confident that Victorian Plumbing’s strategy will continue to deliver long-term value to all stakeholders.”
