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Marks Electrical Group PLC on Friday said that it remains mindful of macroeconomic factors within the UK around inflation, as it reported a decline in revenue and adjusted earnings. The Leicester, England-based electrical retailer reported that revenue for the financial year ended March 31 fell 7.9% to £107.9 million from £117.2 million a year prior. Pretax loss narrowed to £366,000 from £1.7 million. Adjusted earnings before interest, tax, depreciation and amortisation fell 42% to £2.5 million in financial 2026, from £4.2 million in financial 2025. The company proposed no final dividend for financial 2026, compared to 0.66p a year prior. Marks Electrical said this was to ‘prioritise delivering trading profit recovery in the year ahead.’ Marks Electrical said current trading is in line with market expectations but adopted a more cautious outlook on sales growth and margins amid weak consumer confidence, despite seeing stronger demand for televisions and sound systems linked to the World Cup. The company said: ‘Whilst we continue to target profitable growth, with the benefits of our rigorous focus in FY26 on efficiencies and operational cost controls expected to benefit the group’s FY27 adjusted Ebitda performance, we are taking a more cautious outlook for the year ahead on sales growth and gross margin.’ Chief Executive Officer Mark Smithson said: ‘We are well positioned heading into FY27 with positive trading momentum and a strengthened cash position. We are targeting sustainable growth in both revenue and profitability in FY27 as our focus on margin and operational efficiency yields positive results. We do however remain mindful of the well-documented macro-economic factors within the UK around inflation, interest rates and current unemployment levels, all of which create trading headwinds that we have to navigate to the best of our ability.’ Further, the firm cited concerns around the impact from the ongoing conflict in the Middle East and the cost of living. Marks Electrical shares fell 4.1% to 47.00 pence each on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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