RE: Trading update6 Feb 2026 12:29
Profit before tax was £6.4 million (H1 2024: £10.9 million), predominantly reflecting £4.6 million of non-cash losses on foreign exchange forward contracts, of which £2.7 million were unrealised at 30 June 2025, a £3.9 million gain as a result of the 'bargain purchase' (negative goodwill) of Brand Architekts and £1.3 million of exceptional costs associated with the acquisition of Brand Architekts
General profit is not drop but they spent money on £4.6 million of non-cash losses on foreign exchange forward contracts, of which £2.7 million so it is one time off the if they can keep that income hopefully the quarter it can show recover.
As underline income and trading stable and company is expanding more stores so I hope they will reflect this quarter and next year and the marker will return its true value.