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LONDON - Angling Direct plc (AIM:ANG), a specialist fishing tackle and equipment retailer, reported a 17% increase in total revenue to £53.6 million for the six months ended July 31, 2025, according to a company press release.
The UK-based retailer saw its domestic sales rise 17.7% to £51.1 million, with retail store sales up 15.4% to £30.5 million and online sales growing 21.2% to £20.6 million. European sales increased 5.1% to £2.5 million.
UK like-for-like sales grew 14.2% during the period, which the company attributed to increased footfall and customer reach. The company’s MyAD customer loyalty program reached 500,000 subscribers in August 2025, up from 409,000 in January.
Angling Direct continued its store expansion, opening a new location in Chester in May and another in Bradford after the reporting period, bringing its total to 55 stores across England and Wales. The company’s first European store in Utrecht, Netherlands, which opened in May 2024, saw customer visits nearly triple in June and July compared to the previous year.
The retailer maintained a net cash position of £12.5 million as of July 31, 2025, down from £17 million a year earlier, reflecting investments in store expansion and digital technology. The company also returned £1.1 million to shareholders during the period as part of a £4 million share buyback program initiated in December 2024.
CEO Steve Crowe stated that the company is "comfortably trading in line with full year consensus market expectations," which the company noted are for revenues of £97.7 million and adjusted EBITDA of £3.75 million for the fiscal year ending January 31, 2026.
Angling Direct plans to announce its half-year results on October 7, 2025.
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