Angling Direct reports higher first-half revenue and profit

what happened

Newsmetry API reports that UK fishing tackle retailer Angling Direct increased first-half revenue by 5.1% year on year. Adjusted EBITDA and basic earnings per share also rose. Gross profit was £21.30 million, pretax profit reached £3.11 million, and basic EPS was GBP 0.03. The gross margin stood at 37.80%.

UK online sales advanced 7.5%, helped by the MyAD loyalty programme and “shop the range” technology. Gross profit from own-brand products grew by about 22%, while the number of omni-channel customers increased 8.3%. Revenue rose 10.7% in August and September despite a volatile pricing environment.

The company said trading remains in line with full-year market expectations for FY27 revenue of £109.1 million and adjusted EBITDA of £5.7 million. Since December 2024, Angling Direct has bought approximately 12% of its shares, returning £4.1 million to shareholders.

why it matters

Angling Direct shares closed at GBp54.00 on October 12, while Wall Street’s median 12-month price target is GBp81.50. The average rating is “buy”, comprising two “strong buy” or “buy” recommendations and no “hold”, “sell” or “strong sell” ratings. The stock recently traded at 14 times next-12-month earnings, versus 13 three months earlier.

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