REG - Motorpoint Group plc - Half Year Trading Update & Notice of Results

MotorpointAnnouncement

Thu 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251009:nRSI6285Ca&default-theme=true

RNS Number : 6285C  Motorpoint Group plc  09 October 2025

9 October 2025

Motorpoint Group PLC

("Motorpoint" or the "Group")

 

Half Year Trading Update & Notice of Results

 

Positive momentum continues with year on year retail volume growth of 8.9%,
strong market outperformance, and expected profit before tax growth of c.80%

 

Motorpoint Group PLC, the UK's leading independent omnichannel vehicle
retailer, provides an update on its trading performance for the six months
ended 30 September 2025 ("H1 FY26").

 

Highlights

 

·    Retail volume growth of 8.9% compared with H1 FY25 demonstrating
strong outperformance versus wider used car market. Total revenue increased
15.0% on previous period to £648m

·    Record retail volumes in both July and August, the highest months
since 2018 (excluding the two months post lock down in 2021)

·    Profit before taxation is expected to be c.£3.6m, up 80% (H1 FY25:
£2.0m)

·    Return on Capital Employed (based on last 12 months) is expected to
be c.58%, demonstrating the effectiveness of our capital light model

·    Successful completion of second recent share buyback programme with
3.0m shares bought back and cancelled at a cost of £5.0m. Since March 2024,
£10.9m (including FY25 dividend) has been returned to shareholders, with an
overall reduction in shares in issue of over 7%

·    H1 FY26 ended with a small net debt position of £0.5m, reflecting
continued build-up of inventory levels to satisfy increased demand, and also
includes completion of the £5m share buyback

·    Stocking facility increases successfully renegotiated; increased
working capital will help deliver future growth

·    Strong momentum going into H2 FY26 with good availability of supply

 

Sales and Profitability

 

The strong momentum outlined in our AGM Trading Update in July has continued
throughout the remainder of H1 FY26. Retail volumes in H1 grew 8.9% on the
equivalent period in FY25, despite tougher comparatives in July and August
2024. Our market share of the 0-6 age cohort also increased 30 basis points to
2.45% in the last externally reported period (April to June 2025) versus the
previous year's quarter. Our data-led approach to both buying and selling
vehicles has helped support both an increase in buying activity and our
continued strong metal margin performance. Whilst finance commission income
remains challenged, due to relatively high interest rates and a greater stock
mix of more affordable vehicles, our costs remain tightly controlled.

 

The strong performance delivered in H1 FY26 means the Board remains confident
that the Group will achieve its expectations for the full year.

 

Share Buyback

 

The share buyback programme, which commenced on 3 April 2025, was successfully
completed on 19 August 2025. 3,000,000 ordinary shares in the Company were
repurchased on the London Stock Exchange for cancellation, at an average price
of 165.27 pence per share and a total cost, excluding expenses, of £4.96m.
This represented 3.46% of the issued share capital of the Company from when
this latest buyback programme commenced. Since the share buyback programmes
began in March 2024, along with the dividend re-introduction, £10.9m has been
returned to shareholders, and the Group's shares in issue reduced by 7.28%.

 

Notice of Results

 

The Group expects to announce its Interim Results on 12 November 2025.

 

Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC commented:

 

"I am pleased to report that the Group has delivered strong volume growth and
significantly outperformed the wider market in the first half of FY26,
building upon the improvements achieved last year. Data is increasingly
fundamental to our business, supporting buying and pricing decisions,
underpinning strong metal margins, and enabling us to sell more vehicles
through market leading pricing and customer interaction. Providing our
customers with a seamless experience has continued to drive our performance
and our Net Promoter Score in the first half improved to 83. Although economic
uncertainty remains, I am confident that our omnichannel business model and
exciting strategic plans stand us in good stead going forward as we pursue
expanded supply channels, new store openings, improved online and store
channel integration, along with data and AI to drive further efficiency and
improved customer experiences. We are well placed to take full advantage of
the opportunities that exist in our market to build long term
value."

 

 

ENDS

 

Enquiries:

 

 Motorpoint Group PLC                      via FTI Consulting

 Mark Carpenter, Chief Executive Officer

 Chris Morgan, Chief Financial Officer

 FTI Consulting (Financial PR)             020 3727 1000

 Alex Beagley

 Harriet Jackson

 Amy Goldup

 

Forward looking statements:  The information in this release is based on
management information. This report includes statements that are forward
looking in nature. Forward looking statements involve known and unknown risks,
assumptions, uncertainties and other factors which may cause the actual
results, performance or achievements of the Group to be materially different
from any future results, performance or achievements expressed or implied by
such forward looking statements. Except as required by the Listing Rules and
applicable law, the Company undertakes no obligation to update, revise or
change any forward looking statements to reflect events or developments
occurring after the date of this report.

 

Notes to editors

Motorpoint is the UK's leading independent omnichannel vehicle retailer,
focused on giving retail and trade customers the easiest, most affordable and
seamless way of buying, selling and financing their car whether online, in
store or a combination of both. Through its leading B2C platform
Motorpoint.co.uk and UK network of 21 sales and collection stores, the Group
provides an unrivalled offering in the nearly new car market, where consumers
can effortlessly browse, buy or finance their next car and collect or have it
delivered directly to their homes. Motorpoint's purely online wholesale
platform Auction4Cars.com sells vehicles into the wholesale B2B market that
have been part exchanged by retail customers, or purchased directly from them
by the Group as part of its online car buying service. Motorpoint's
diversified business model, underpinned by its established brand, industry
leading technology and sophisticated marketing infrastructure, always delivers
the best choice, value and quality for customers.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTQVLFBEBLLFBB