The Very Group delivers record earnings after ‘year of real progress’

The retailer, which also owns Littlewoods, delivered a 15.9% increase in adjusted EBITDA to £307.1m in the 52 weeks to June 28, 2025, up from £246.9m the year before, as margin rose to a record high of 14.7%. 

It attributed the growth to a strong performance from both its retail and financial services businesses as well as “diligent cost discipline across the group”.

Group sales fell 1.8% to £2.09bn, partially offset by a slight 0.2% decline in Very UK revenues to £1.83bn.

The online retailer reported strong performances across its home (9.9%), beauty (5.2%) and toy (4.3%) categories, while fashion and sports sales slipped 3.7% amid “a heavily discounted and challenging market”.

Chief executive Robbie Feather said: “FY25 was a year of real progress for Very. As a multi-category digital retailer and flexible payments provider, we have a unique business model that continues to resonate with the families we serve. 

“Our customers are at the heart of everything we do, and this focus, combined with the passion of our colleagues, has helped us achieve our best-ever customer satisfaction score.

“Despite a challenging economic backdrop, we’re delighted with our performance, driven by our unrelenting focus on improving all aspects of our offer and customer experience.

“We ensured we had the right products at the right time, at the right prices, and with the right payment options. Together with disciplined cost control, we were able to deliver significant earnings growth across the year. 

“We also made strong progress against our strategic priorities, completing key milestones in our technology transformation and upgrades to our apps and websites, relaunching Very’s retail media proposition, and launching HelloStudio, our in-house creative agency. We look back at FY25 with pride, and I am confident that we have the right team, strategy and foundations in place to drive our future growth.”