Sportswear retailer Footasylum has hailed the success of its “standout performance” for the full year as profits and sales surged amid the retailer’s ongoing growth trajectory.
For the full year to January 25, 2025, Footasylum reported a 188% surge in profit before tax from £6m last year to £17.2m during the period.
Underlying EBITDA for the year also soared 26% to £28.2m while operating profit surged 108% to hit £21.7m.
Total revenue at Footasylum was up 9.4% from £319.5m to £349.5m, marking yet another record year of growth for the retailer.
In-store sales rose 3% during the year, while online sales topped this with a rise of 6%.
During the year Footasylum continued on its store opening and upsizing programme with two upsizes at Metro Centre, Gateshead and Merry Hill, Dudley, as well as five new openings.
Footasylum hailed the success of its ongoing partnerships with sports giants including Nike, Adidas and New Balance during the year and said its successful refinancing of its £35m credit facility will allow it to “further enahnce the digital-first customer journey” and continue to open new stores in convenient shopping locations moving forward.
With an eye to Footasylum’s current trading, the sportswear giant said total sales during the first 21 weeks of the financial year have risen 10.5% year on year and are currently “slightly ahead” of expectations.
Footasylum said current trading is being boosted by the retailer’s exclusive brands as well as the success of its junior and nursery categories which are up 42% and 45% respectively.
Footasylum chief executive David Pujolar said: “Footasylum delivered record results in FY25, marking a truly standout performance – and I’m pleased to report that our strong trading has continued into the current financial year, ahead of both the prior year and Budget. These results reflect progress across all areas of the business, from store expansion and the growth of our exclusive brands, through to the continued success of our omnichannel model and our focus on first-class customer service.
“Our brand recognition, particularly among our core 16-24 demographic, continues to grow, supported by our distinctive content and social strategy. This was acknowledged in two recent awards wins, both recognising Footasylum for its groundbreaking approach to social media and content. With a strong pipeline of new material to inspire, engage and entertain, we’re continuing to grow an audience that now numbers in the millions.
“Our relationships with leading global brands – including Nike, Adidas and New Balance also continue to go from strength to strength, and remain central to our offer. While the wider macroeconomic environment remains challenging, demand for our unique offer remains strong. The creativity and energy of our people, without whom none of this would be possible, continues to set us apart.
“With a clear plan in place, we are well positioned for the next phase of our journey, including international expansion in the medium term.”
Footasylum chief financial officer Nick Scott added: “Our successful store opening and upsizing programme, based on the blueprint of our Oxford Street flagship, continues to drive momentum. With growing demand for our on-trend products, six new stores are planned for the remainder of 2025, with further expansion already planned for 2026, starting with the launch of our upsized Leeds Trinity Centre store in Q1.”
“The refinancing of our £35m revolving credit facility gives us the headroom to invest confidently – in bigger-and-better stores, but also in our digital-first customer journey and newer categories such as juniorwear, which is already delivering standout results. The backing from AURELIUS has been instrumental in helping us move quickly and decisively, and their ongoing support remains a key driver of our transformation from traditional retailer to a multifaceted group with various sales channels.
“We’ve also seen strong performance from our global super-brand partners, whose new product development is expected to drive further progress in the year ahead. Combined with the momentum behind our own exclusive brands, this gives us a compelling and clearly differentiated proposition that will support our business as we continue to scale.”
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