Luxury furniture and interiors retailer OKA has reported a 25 per cent increase in annual sales, as the business continues its recovery following a major financial restructuring.
Sales increased from £36.8m to £46.1m, while adjusted EBITDA more than tripled from £1.7m to £5.3m.
The retailer also returned to operating profit, reporting £1.3m compared with a £4.8m operating loss in the previous year.
The improvement follows a significant restructuring of the business in 2024, which saw OKA withdraw from the US market and refocus its operations on the UK.
eCommerce now accounts for 50 per cent of sales, alongside OKA’s growing physical retail presence.
The retailer has expanded through concessions with Fenwick and John Lewis and is now looking at further store and concession opportunities as it moves back into growth.
OKA said its performance has also benefited from changing customer behaviour, with consumers increasingly choosing to invest in fewer, higher-quality pieces for their homes.
The results mark a significant improvement for the business following its restructuring, with OKA now looking to build on its UK recovery through a combination of eCommerce and carefully targeted physical expansion.
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