Customer focus and disciplined execution deliver record earnings performance at The Very Group

The Very Group (‘the Group’), which operates digital retailers Very and Littlewoods, today announces its full year results for the 52 weeks ended 27 June 2026.

Robbie Feather, CEO at The Very Group, commented:

“FY26 has been another year of strong progress and significant milestones for The Very Group. Against a challenging market backdrop, we delivered the best earnings performance in the Group’s history while continuing to strengthen our unique proposition, combining multi-category digital retail with flexible ways to pay. Our continued focus on the families we serve, together with the passion and dedication of our talented colleagues, helped us achieve our highest-ever customer satisfaction score.

“We continued to invest in our proposition, expanding our choice of brands, introducing more convenient delivery and returns options and evolving our flexible payments offering to better meet individual customer needs. We also made significant progress on our biggest-ever technology transformation, creating a more agile business that can respond quickly to evolving customer expectations and market conditions.

“As we enter FY27, we have strong momentum and a refreshed strategy focused on building an even stronger retail and credit proposition, broadening our appeal to win new families and exploring new avenues for growth. We are confident in the strength of our business model and the foundations we have in place to deliver long-term growth and continue helping families get more out of life.”

Financial highlights: Record earnings and stronger financial foundations

• Adjusted EBITDA before securitisation interest increased 3.4% to £317.5m (FY25: £307.1m), comfortably within the Group’s full-year guidance, with the margin increasing 0.5%pts to a record 15.2% (FY25: 14.7%).
• Adjusted EBITDA margin after securitisation interest also improved, increasing to 10.2% (FY25: 9.1%), reflecting the Group's improved earnings performance and the favourable renegotiation of its securitisation facility in February 2026.
• Very UK revenue increased 1.3% to £1.86bn (FY25: £1.83bn), while Group revenue remained broadly stable at £2.09bn (FY25: £2.09bn).
• Top-line performance includes Very Finance revenue increased 7.1% to £464.5m (FY25: £433.6m), with debtor book yield improving 1.2%pts to 24.3% (FY25: 23.1%).
• Operating costs as a percentage of revenue reduced 0.2%pts to 22.1% (FY25: 22.3%), driven by cost-saving initiatives across the business and achieved despite inflation and ongoing propositional investment.
• The Group delivered positive adjusted free cash inflow of £141.1m (FY25: £147.6m), with net cash increasing to £50.8m (FY25: £40.3m)
• Increased earnings and a £150m reduction in Group debt contributed to net leverage falling by over 0.8x to 2.80x, from 3.62x in FY25.

Operational highlights: Strong growth in strategic categories

Very category performance

• Very’s Home division remained an area of strategic focus in FY26, with sales growing 6.4% year on year, underpinned by strong performances in home accessories (+21.5%) and bedroom furniture (+6.6%).
• Toys and Beauty grew 3.2%, driven by strong performances in boys’ toys (+17.0%) and fragrance (+4.8%).
• Electricals declined slightly by 0.4%, annualising significant prior-year gaming product releases.
• Fashion and Sports declined 4.6% in a challenging market. However, Very’s Sports offering grew 9.7%, with the return of Nike in spring 2026 providing further growth opportunities for the category in the coming financial year.

Expanding choice and convenience

• Very continued to expand its retail assortment, adding more than 80 brands during FY26, including Estée Lauder, Salomon and DUSK.
• Very relaunched its own-brand proposition under a single label, The Very Collection, bringing together a 23,000-option assortment across Fashion and Home, combining seasonal newness and trend-led design with competitive pricing.
• Very partnered with InPost UK to give customers greater choice and control over deliveries and returns, including access to around 15,000 lockers nationwide.

Using technology and data to improve the customer experience

• Very reached a major milestone in its multi-year technology transformation in FY26, with more than 95% of customer traffic migrated to its new Skyscape platform by year-end and full migration completed shortly afterwards.
• Skyscape moves Very’s websites onto a modern, cloud-based platform, improving the digital customer experience and enabling new features and innovations to be introduced more quickly.
• Very launched Sigma.iQ, using data and intelligence to personalise payment options and provide customers with more relevant offers and experiences.

Contact information

Media relations

Craig Noonan, Head of Communications: [email protected]

Claire Newmarch, External Communications Manager:   [email protected]

Investor enquiries

[email protected]