Victoria posts lower annual revenue, sets FY2027 EBITDA target after refinancing
Victoria reports audited results for the year ended 28 March 2026 as weak trading conditions weigh on sales and profitability. The flooring manufacturer also points to operational improvements, debt refinancing and continued growth in the first quarter of FY2027 as it targets a recovery in earnings.
Highlights
- Victoria's underlying revenue dropped 6.3% to £1,045.5 million and EBITDA fell to £92.3 million with an 8.8% margin for FY2026.
- The company reported a reduced statutory operating loss of £153.3 million and highlighted successful debt refinancing amid ongoing cost-saving measures and operational recovery.
- Victoria forecasts FY2027 EBITDA of at least £115 million, supported by UK and Australia market share gains and rising Q1 FY2027 sales volume and revenue.
Annual results and recovery plan
As reported by London Stock Exchange, citing the Regulatory News Service, Victoria says underlying revenue falls 6.3% to £1,045.5 million in the year ended 28 March 2026, from £1,115.2 million a year earlier. Underlying EBITDA declines to £92.3 million, with margin narrowing to 8.8% from 10.2%.The company reports a statutory operating loss of £153.3 million, compared with a loss of £225.4 million in FY2025. Victoria says the results reflect a challenging trading environment, but also show progress in integrating the business and carrying out cost-saving measures.
Management also says it has successfully refinanced existing debt and continues to focus on operational recovery and balance sheet health. The company adds that sales volume and revenue rise in the first quarter of FY2027.
Market share gains support FY2027 outlook
Victoria says market share gains in Australia and the UK are expected to continue as some competitors remain under pressure. That positioning supports its expectation that recent operational improvements can translate into stronger trading performance.For FY2027, the group is forecasting EBITDA of at least £115 million. The outlook suggests Victoria is aiming to rebuild earnings from the weaker FY2026 base while maintaining emphasis on financial stability.
Our earlier coverage of UK retail sales data highlighted an unexpected rise in sales volumes in June, pointing to firmer-than-expected household spending despite an uneven demand backdrop. We also noted that retailer updates were mixed, with some benefiting from seasonal factors while others continued to flag weak confidence and inventory pressure.
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