Marks Electrical expects profit and net cash above expectations

(Alliance News) - Marks Electrical Group PLC on Monday said that it expects to report profit and net cash ahead of its prior forecasts.

The online electrical retailer expects adjusted earnings before interest, tax, depreciation and amortisation of GBP2.7 million for the year ended March 31, with net cash of GBP4.5 million. In financial 2025, the adjusted Ebitda was GBP4.2 million.

The Leicester-based firm previously expected an annual adjusted Ebitda of over GBP2 million, and net cash in the range of GBP3.5 million and GBP4.0 million.

Marks Electrical expects to report revenue of GBP108.5 million, down from GBP117.2 million the year earlier.

"The group enters FY27 with positive trading momentum and a strengthened cash position. Building on the progress made during FY26, the board expects sustainable growth in both revenue and profitability in FY27 as the benefits of its disciplined focus on margin and operational efficiency continue to be realised," the company said.

Shares in Marks Electrical were up 4.0% at 49.40 pence on Monday afternoon in London.

By Joseph Rodgers, Alliance News reporter

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