# Angling Direct Reports 5.1% First-Half Revenue Growth and Reaffirms Full-Year Outlook

- URL: https://stocks.freetheai.org/news/angling-direct-reports-5-1-first-half-revenue-growth-and-reaffirms-full-year-45d561
- Published: 2026-10-13T06:00:03Z
- Category: earnings; sentiment: bullish; impact: medium
- Symbols: [LSE:ANG](https://stocks.freetheai.org/symbols/LSE-ANG)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Angling Direct PLC (LSE:ANG) reported a 5.1% increase in group revenue to £56.4 million for the six months ended July 31, 2026. Total UK sales rose 6.9% to £54.6 million, supported by a 6.4% gain in store sales to £32.4 million and a 7.5% rise in digital sales to £22.1 million. Adjusted profit before tax increased 11.2% to £3.3 million, while adjusted EBITDA rose 11.9% to £4.3 million.

The performance demonstrates resilience despite macroeconomic headwinds and reduced rainfall during the second quarter that weighed on seasonal store visit frequency. Revenue gains were propelled by an expanding retail footprint—with three new store openings bringing the total footprint to 60 locations—and a 16% surge in MyAD loyalty members to over 696,000. Additionally, own-brand gross profits grew approximately 22%, helping raise adjusted EBITDA margins by 50 basis points to 7.7%.

Trading momentum accelerated into the start of the second half, with revenue expanding 10.7% across August and September. Management confirmed that full-year trading remains in line with market expectations. Investors will also look for further execution on the company's UK expansion target of £125 million in revenue alongside ongoing capital returns, following £4.1 million deployed in share buybacks since December 2024.

## Key points

- Group revenue increased 5.1% to £56.4 million for the six months ended July 31, 2026.
- Adjusted profit before tax grew 11.2% to £3.3 million, with adjusted EBITDA up 11.9% to £4.3 million.
- UK online sales rose 7.5% to £22.1 million, while UK retail store sales grew 6.4% to £32.4 million.
- MyAD loyalty program membership expanded 16% during the period to over 696,000 subscribers.
- Revenue grew 10.7% in August and September, leaving full-year trading in line with market expectations.

## Questions and answers

### What were Angling Direct's H1 FY27 financial results?

Angling Direct reported group revenue of £56.4 million, up 5.1% year over year for the six months ended July 31, 2026. Adjusted profit before tax increased 11.2% to £3.3 million, and net cash strengthened to £14.5 million.

### How did Angling Direct perform in recent months?

Group revenues grew 10.7% across August and September 2026. Management confirmed that the company continues to trade in line with full-year market expectations.

### How many retail stores does Angling Direct operate?

Angling Direct operates 60 retail stores in the UK after opening three new locations in Crawley, Kettering, and Gloucester during the first half of the financial year.