Moonpig CEO to step down amid strong FY25
Looking ahead to FY26, the company expects group adjusted EBITDA to grow at a mid-single digit percentage rate and growth in adjusted earnings per share between 8% and 12%
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Moonpig CEO Nickyl Raithatha is set to step down after seven years in the role following a 12 month notice period, whilst the company also welcomed rising sales in its full-year results.
The board has announced that the search for a successor has commenced and Raithatha will continue to lead the company to ensure a smooth transition.
It comes as the company revealed that its revenues rose 2.6% to £350.1m for the year ended 30 April 2025. Alongside this, Moonpig saw its adjusted EBITDA rise 1.3% to £96.8m in the period.
These increases were driven by an 8.6% increase in Moonpig brand revenue and growth in international markets including the US, Australia, and Ireland as well as ongoing investments in technology, data and AI to enhance customer personalisation.
Looking ahead to FY26, the company expects group adjusted EBITDA to grow at a mid-single digit percentage rate and growth in adjusted earnings per share between 8% and 12%.
Kate Swann, chair, said: “I would like to thank Nickyl for his service and contribution as CEO, including leading the group to a successful IPO on the London Stock Exchange in 2021. Under his leadership, the group has reinforced its position as the category-defining online platform for greeting cards and gifting.
“Nickyl leaves the group in a strong position, with the group’s FY25 results showcasing another year of strong earnings growth and high free cash flow. The Board remains confident in the opportunities ahead.”
Raithatha added: “After seven years as CEO, I am proud to leave the group in a strong position as the clear leading platform in cards and gifts across both the UK and the Netherlands, with a loyal and growing customer base, driven by our innovations in technology, data and AI. It has been a privilege to work alongside such a talented group of people.
“Together, we have grown the business, listed on the London Stock Exchange, and expanded into new markets. As today’s full-year results show, the business is in excellent shape, with strong momentum, an experienced senior leadership team, and significant growth potential.”
