Angling Direct HY revenues rise 17% to £53.6m
Looking ahead, the group believes it is well placed to deliver revenue and adjusted EBITDA ahead of market expectations for FY264 with upgraded forecast group revenues of not less than £102.0m and adjusted EBITDA outturn for FY26, of not less than £4.35m
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Angling Direct has revealed that its revenues rose 17% to £53.8m, up from £45.8m, for the half year ended 31 July 2025.
Alongside this, the company saw its UK sales rise 17.7% to £51.1m, up from £43.5m, while its European sales rose 5.4% to £2.5m, up from £2.4m.
The company stated that it saw its total UK like-for-like sales rise 14.2% which it said reflected “the strength of the omni-channel proposition and increasing customer reach”
As a result, the company saw its gross profit increase to £20.4m, a 21.3% rise compared with the £16.8m it posted last year. Moreover, the company saw its adjusted profit before tax rise to £3m, up from £2.2m in the previous period.
Angling Direct saw its UK retail store estate continue to deliver strong growth, with total store sales increasing by 15.4%, like-for-like store sales increased 9.8% underpinned by improved customer footfall
Furthermore, its UK online sales grew 21.2% with increasing unique customer numbers and transaction growth.
The company stated that its MyAD membership increased 21% in the period to over 496k subscribers, compared with 409k subscribers as of 31 January 2025. It stated that this was a key component of capturing new customers during the period.
Looking ahead, the group believes it is well placed to deliver revenue and adjusted EBITDA ahead of market expectations for FY264 with upgraded forecast group revenues of not less than £102.0m and adjusted EBITDA outturn for FY26, of not less than £4.35m.
Steve Crowe, CEO of Angling Direct, said: “We are pleased to report that the momentum generated in FY25 has continued into the first half, with strong in-store and online sales providing confidence that the Group will deliver a FY26 trading performance ahead of market expectations.
“During the period, we made continued progress against our strategic objectives, with Group revenue increasing 17% to £53.6m and adjusted EBITDA increasing 39.4% to £3.9m. This performance has been underpinned by the success of our loyalty and repeat purchase membership club, MyAD, which increased 21% to over 496k subscribers, driving engagement with existing and new customers across our stores and online platforms.”
