Financial Summary | Sussex & Kent

Summary

	2026	2025
	£’000	£’000
Revenue	270,661	275,464
Underlying EBITDA (see note below)	3,605	5,639
Underlying profit/(loss) before tax (see note below)	(1,487)	606
Profit/(loss) before tax	(1,721)	246
		Pence
Underlying earnings/(loss) per share	(40.7)	16.4
Earnings/(loss) per share	(47.2)	6.4
Proposed final dividend per ordinary share	5.0	5.0
Dividend per ordinary share for the year	10.0	10.0

_{Note A:Underlying results exclude items that have non-trading attributes due to their size, nature or incidence or are unrelated to the primary motor trade business of the Company and which management therefore consider should be disclosed separately to enable a full understanding of the operating results. Non-underlying items for the year totalled a charge of £234,000 (2025: £360,000) and are detailed in note 5 to these condensed consolidated financial statements. Underlying EBITDA of £3,605,000 (2025: £5,639,000) represents operating profit before non-underlying items of £1,478,000 (2025: £3,498,000) adding back depreciation and amortisation of £2,127,000 (2025: £2,141,000).}

Overview

Revenue down 2% to £270.7 million (2025: £275.5 million)
New car unit deliveries down by 11%
Used car unit sales up by 4%
Aftersales revenues up by 6% to £32.7 million (2025: £30.7 million)
Underlying loss before tax of £1.5 million (2025: profit of £0.6 million)
Final dividend of 5.0 pence per Ordinary share (2025: 5.0 pence per Ordinary share)
Net bank borrowings at 31 March 2026 of £7.3 million (2025: £8.5 million), as disclosed in note 22
Property portfolio valuation at 31 March 2026 showed a reduced surplus to net book value of £10.7 million (2025: £11.2 million); this surplus is not recognised in the Company’s financial statements.

Commenting on the results Simon Caffyn, Chief Executive, said:

“We faced significant trading headwinds during the financial year ended 31 March 2026 and have taken a number of actions to increase order take and reduce costs. These actions are delivering improvement.”
Simon Caffyn, Chief Executive

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Summary

Overview

Commenting on the results Simon Caffyn, Chief Executive, said:

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