Marks Electrical Group plc

Trading Update and Update on Outlook

Marks Electrical Group plc ("Marks Electrical" or "the Company" or "the Group"), the online electrical retailer, today provides a further update following the Company's Pre-Close Trading Update issued on 26 March 2026, ahead of its unaudited final results for the year ended 31 March 2026 ("FY26"), which are expected to be published in June.

As previously announced, the Group expects to deliver full year revenue of £108.5m. Following a stronger than anticipated end to the year, unaudited adjusted EBITDA was £2.65m and net cash was £4.45m at year end, both ahead of the range previously indicated.

Outlook

The Group enters FY27 with positive trading momentum and a strengthened cash position. Building on the progress made during FY26, the Board expects sustainable growth in both revenue and profitability in FY27 as the benefits of its disciplined focus on margin and operational efficiency continue to be realised.

Enquiries:

Marks Electrical Group plc                                             Via DGA Group:

Mark Smithson (CEO)                                                                  Tel: +44 (0)20 7664 5095

Tom Pallatt (CFO)

DGA Group (Financial PR)

Jonathon Brill / James Styles                                                        Tel: +44 (0)20 7664 5095

[email protected]                                                                                                                                                                                                 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger                                                    Tel: +44 (0)20 7523 8000                                                    

About Marks Electrical

Marks Electrical is a technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.