Victorian Plumbing has announced a 5% jump in revenue to £310m in its latest full-year results.

The bathroom retailer also grew its gross profit by 4% over the year to £153.2m, as the company said it had outperformed the wider repair, maintenance, and improvement (RMI) market.

Victorian Plumbing was announcing its audited results for the financial year to 30 September and also reported a 61% jump in operating profit to £18m, which the company said was driven by the non-recurrence of 2024 exceptional items associated with the warehouse transformation and its acquisition of Victoria Plum.

The retailer has ended the financial year with a free cash flow of £24m, a level up 29% on last year, and an operating cash conversion of 77%, which the group said was reflective of “strong working capital management” during a period of operational transformation.

Following the performance, Victorian Plumbing has proposed a final ordinary dividend of 1.45p, giving a total ordinary dividend of 2.15p for the year – a level up 34% on 2024’s 1.61p.

“I am proud of the group’s strong performance in 2025, in which we achieved record revenues and continued to deliver on our strategic growth ambitions,” said Victorian Plumbing CEO, Mark Radcliffe.

“We have further strengthened our market share, reinforcing our position as the UK’s number one bathroom retailer, while improving our marketing efficiency alongside our ever-increasing brand awareness.

“As a highly cash generative business with a strong balance sheet, we continue to invest for long-term profitable growth and to increase our returns to shareholders. We are confident that Victorian Plumbing’s strategy will continue to deliver long-term value to all stakeholders.”

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