Specialist fishing tackle and equipment retailer, Angling Direct PLC, has shared its results for the twelve months ended 31 January 2026. During the period, the retailer achieved total revenue growth of 13.8 per cent to £103.9 million, with UK sales accounting for a record £99.2 million. In Europe, sales were £4.7 million with adjusted EBITDA losses improving to -£0.5 million. Overall EBITDA rose 42.9 per cent to £4.8 million with adjusted profit before tax increasing 44.0 per cent to £2.9 million.
Commenting on the results, Steve Crowe, CEO, ANgling Direct PLC said: ” Angling Direct has delivered another strong performance in FY26, achieving significant progress against our medium term targets despite the well-documented challenges in the broader consumer sector. We are pleased to report record revenues of £103.9m and Adjusted EBITDA of £4.8m, ahead of market expectations upgraded in October 2025.
“Our MyAD loyalty and repeat purchase membership club continues to underpin our success and it has gone from strength to strength with UK membership in the year increasing 46.8% to over 600k. This remains a clear competitive differentiator, allowing us to leverage unique customer insights to attract new customers and complementing our ongoing UK store rollout strategy, which saw the Group open stores in six new catchments, bringing our UK footprint to 58 sites. This performance is testament to the hard work, dedication and expertise of everyone at Team AD and on behalf of the Board, I would like to thank them for their continued efforts.
“We were pleased to see the strong momentum built throughout FY26 continue into the new financial year, with Group revenue increasing 9.7% in February. However, as has been widely reported across the UK retail sector, following the onset of the Middle East conflict we have experienced softer trading and additional costs, including distribution fuel surcharges and increased freight. The Group has mitigated these such as there is no impact on our FY27 expectations at this stage and we continue to review levers to offset any further additional short-term costs through savings elsewhere .
“Despite these short term challenges, the Board remains confident in the long term growth prospects for Angling Direct and we are pleased to announce upgraded medium term objectives, having substantially achieved the existing targets in the two years since publication. Our core objective remains unchanged, and I am confident that with our agile business model and strong fundamentals, we are well positioned to navigate the period ahead and fully capitalise on the opportunities available to us.”
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