Moonpig Group Plc saw its shares jump by over 10% on Thursday following the release of full-year results that outperformed analyst expectations. These are the company's first annual results since Catherine Faiers became Chief Executive Officer in March.
For the year ended April 30, adjusted EBITDA increased 8.1% to 4.6 million, exceeding the 1.6 million average analyst estimate compiled by the company on May 27. Adjusted profit before taxation came in at 6.5 million, above the consensus of 1.5 million.
Adjusted basic earnings per share rose to 18 pence from 15 pence in the prior year, representing a 19.5% increase and beating the 16.5 pence forecast from analysts. Group revenue grew 6.5% to 73 million, essentially matching the consensus estimate of 72.7 million.
Revenue performance by brand showed the Moonpig nameplate expanding revenue by 8.6% for a second consecutive year. The Greetz business returned to growth at 1.5% in constant currency.
Profitability metrics improved as well. The company's adjusted EBITDA margin rose to 28% from 27.6% a year earlier, outpacing the 27.3% margin analysts had anticipated. Free cash flow increased 11.2% to 3.5 million, up from 6.1 million.
Moonpig proposed a final dividend of 2.5 pence per share, which takes the total dividend for fiscal 2026 to 3.75 pence per share - a 25% increase from the prior year total of 3 pence. The company completed 0 million of share buybacks during the year and said it intends to undertake further buybacks of up to 5 million in fiscal 2027.
Net debt rose to 08.1 million as of April 30 from 6 million a year earlier, but remained below the 10 6 million analysts had forecast. Net leverage stood at 1.03 times adjusted EBITDA, which the company described as "in line with our target of 1.0x."
Commenting on the report, Chief Executive Officer Catherine Faiers said: "Since joining the business in March, my conviction in the opportunities ahead has only grown."
Management said trading since the start of the year has been "in line with expectations" and left its fiscal 2027 outlook unchanged. The company reiterated targets of mid-to-high single digit percentage annual revenue growth and an adjusted EBITDA margin range of 25% to 27% for fiscal 2027. It also said adjusted EBITDA margin is expected to "ease towards our target range" in fiscal 2027 as the company continues to invest in its delivery proposition.
Note on sources - This report is based on the company's published fiscal 2026 figures and accompanying commentary provided at the time of the results announcement.