On Wednesday, AO World PLC (AO.L), a UK-based electrical retailer, reported higher profit in the fiscal 2026, due to favourable costs and higher revenue. Furthermore, the company stated that it intends to return 20 million pounds to shareholders through a special dividend and a new share buyback.
Looking ahead for fiscal 2027, the company said it expects to deliver a profit before tax in line with current market expectations, despite geopolitical volatility and inflationary pressures affecting consumers and input costs across the economy.
The firm remains confident to achieve medium-term goal of delivering profit before tax margin of 5 percent.
On the London Stock Exchange, the shares were trading 1.63 percent down at 94.44 pence.
Profit before tax in 2026 was 50.5 million pounds, a growth of 145 percent from 20.6 million pounds in 2025.
Profit attributable to Owners of the Parent went up to 35.9 million pounds from 10.5 million pounds in the previous year. Earnings per share increased to 6.11 pence, from 1.76 pence a year ago.
On a continuing operations basis, prior year's profit was 9.7 million pounds or 1.63 pence per share.
Adjusted profit before tax in 2026 went up to 50.5 million pounds from 40.3 million pounds in 2025. Adjusted earnings per basic share jumped to 6.36 pence from 5.84 pence last year.
Adjusted earnings per basic share from continuing operations was 6.36 pence, compared to 5.70 pence in 2025.
Total revenue went up 11.4 percent to 1.27 billion pounds from 1.14 billion pounds in the previous year.
Further, the company stated that its 20 million pounds shareholder returns comprise a special dividend of 10 million pounds, and a new share buyback programme of 10 million pounds. The decision is in line with its disciplined capital allocation framework and reflecting better cash generation in 2026.
The buyback is expected to commence following the circulation of financial report for the fiscal 2026 to the shareholders.
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