B&M European Value Retail S.A. interim dividend of 3.5p per Ordinary Share will therefore be paid on 12 December 2025 to shareholders on the register at 21 November 2025. The ex-dividend date will be 20 November 2025. The dividend payment will be subject to a deduction of Luxembourg withholding tax of 15%.
Other financial highlights include:
Group revenues increased by 4.0% to £2,749m (+3.9% constant currency) driven by total value and volume growth in both B&M businesses
B&M UK7 total sales growth in the first half of 3.5% with LFL sales up 0.1%, with positive volume and value LFL sales in General Merchandise offset by a decline in FMCG LFL sales
31 gross and 15 net new stores opened across the Group in H1 (23 gross, 9 net in B&M UK; 5 gross, 5 net in B&M France; 3 gross, 1 net in Heron)
Group adjusted EBITDA (pre-IFRS 16)2 of £191m down 30.2% (H1 FY25: £274m), with a margin of 7.0% (H1 FY25: 10.4%)
Group adjusted operating profit of £177m (H1 FY25: £258m), with statutory operating profit of £149m (H1 FY25: £235m) and statutory profit before tax of £75m (H1 FY25: £169m)
Post-tax free cash flow of £51m (H1 FY25: £73m), reflecting working capital outflows as inventory builds ahead of the Golden Quarter and continued investment in their new stores and infrastructure
Redomicile process is expected to complete in the new calendar year and will enable share buybacks, which the Board has confirmed as its preferred option for returning excess capital, once shareholder approvals are in place
Net debt to last-twelve-months adjusted EBITDA (pre-IFRS 16)2 leverage ratio of 1.6x (H1 FY25: 1.2x). Incorporating IFRS 16, net debt to last twelve-months adjusted EBITDA was 2.9x (H1 FY25: 2.5x)
