PROCOOK GROUP PLC - Annual Results

ProCook Group PLC delivered a strong FY26 investor update, reporting record revenue of £85.5 million, up 23% year-on-year, with 11.8% like-for-like growth and ten consecutive quarters of revenue expansion. The specialist kitchenware retailer significantly outperformed the UK market, supported by continued store expansion, product innovation, and growing e-commerce sales. Gross profit increased 26%, while gross margin improved by 170 basis points, driving higher profitability with operating profit margin rising to 5.7% and EBITDA increasing to £12.5 million. The company opened 13 new stores during the year, bringing strong customer acquisition and supporting its ambition to reach 100 stores, £100 million revenue, and a 10% operating profit margin. E-commerce remained a key growth engine, with online sales up 23% and like-for-like growth of 21.2%, aided by digital marketing initiatives, enhanced customer experience, and improved SEO capabilities. ProCook also reported a stronger balance sheet, generating £3.5 million of free cash flow and increasing net cash to £4.4 million despite investing heavily in growth initiatives. Strategic investments in technology, including a new Microsoft ERP platform, Shopify Plus migration, and upgraded point-of-sale systems, alongside a supply chain partnership with DHL, are expected to support future scalability and operational efficiency. Trading momentum has continued into FY27, with Q1 revenue up 21.5% and like-for-like sales growth of 11.5%, reinforcing management’s confidence in delivering long-term profitable growth, expanding market share, and enhancing shareholder value.