Mulberry Group PLCMUL
▲ PositiveCapitalrelevance
Revenue up 4%, gross margin improved to 72%, pre-tax loss narrowed, and underlying EBITDA turned positive.
Impact on stocks 1
Consumer Discretionary
Mulberry Group PLCMulberry Group reported group revenue of £125.5 million for fiscal year 2026, a 4% increase from £120.4 million a year ago, with growth accelerating to 11% in the second half. Like-for-like retail and digital revenue rose 9%, gross margin improved to 72% from 67%, and operating expenses fell 10% to £96.2 million. The pre-tax loss narrowed to £8.9 million from £32.2 million, while underlying pre-tax loss improved by £16.1 million to £8 million, and the company achieved positive underlying EBITDA of £800,000 compared with a loss of £16.8 million in the prior year. CEO Andrea Baldo said the Back to the Mulberry Spirit strategy restored growth, reduced losses, and strengthened gross margin through full-price discipline. Current-year trading has started stronger, with group revenue for the 13 weeks to 27 June 2026 up 23% year-on-year.
Mulberry Group PLCRevenue up 4%, gross margin improved to 72%, pre-tax loss narrowed, and underlying EBITDA turned positive.