Frasers Group PLC

FRAS

Equity

ISIN GB00B1QH8P22 / Valor 2934536

LSE London Stock Exchange, SETS (2025-11-17)

GBP 6.86-2.35%

Frasers Group PLC
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About company

Frasers Group PLC, originally founded as Sports Direct in 1982, is a leading global retailer specializing in sports, premium, and luxury brands. Under the leadership of CEO Michael Murray, the company rebranded to Frasers Group in 2019 to reflect its diversified portfolio and expanded market presence. The group operates a widespread network of stores in major cities worldwide, including Manchester and Madrid, and manages a range of brand partnerships alongside its own proprietary labels. Frasers Group focuses on enhancing the retail experience through innovative store designs, robust digital platforms, and a comprehensive product offering. With headquarters in London and Shirebrook, the company continues to grow its international footprint, aiming to create a cohesive and admired brand ecosystem in the competitive global retail landscape.

Summarized from source with an LLMView SourceSector: Consumer Services

Record Profitable Growth

Adjusted Profit Before Tax (APBT) increased by 2.8% to £560.2m, with H2 performance showing an 8.3% uplift. Both group and retail gross margins improved by 150bps and 170bps respectively, reflecting a better product and retail mix that is expected to be sustainable.

Cost Savings and Operational Efficiency

The Group delivered £127.2m in underlying cost savings and synergy benefits, bolstered by investments in warehouse automation. These operational improvements contributed to a significant 15% (or £224.7m) reduction in gross inventory, underpinning the company's commitment to enhanced efficiency.

Strategic International Expansion and Brand Partnerships

Frasers Group PLC advanced its international ambitions through new and extended strategic partnerships in Australia, Asia, and EMEA, further strengthening relationships with global brands like Nike, adidas, and HUGO BOSS. This sets the foundation for Sports Direct to evolve into a truly worldwide proposition.

Frasers Plus and Retail Growth

Frasers Plus continued its steady climb, adding 507k new customers in FY25 and accounting for 12.2% of UK online sales, with post-year end figures surpassing one million active customers. Additionally, improvements in Sports Direct UK and Premium Lifestyle reveal promising operational contributions despite some headwinds in the luxury market.

Strong Balance Sheet and Cash Flow

The Group’s balance sheet remained robust with net assets increasing to £1,988.1m and net assets per share rising to £4.41. Operating cash inflows of £800.4m, along with securing a new £3.0bn Term Loan and Revolving Credit Facility, ensure Frasers Group PLC is well-positioned to fund its strategic investments and ongoing international expansion.

Summarized from source with an LLMView Source

Key figures

-8.36%1Y

-11.8%3Y

45.0%5Y

Performance

29.1%1Y

26.7%3Y

32.5%5Y

Volatility