Smiths News delivers a strong performance in the period, with adjusted operating profit above market expectations at £39.1m, driven by excellent collectables performance. We are expecting the category to remain strong in FY26, fuelled by major events including the Men’s Football World Cup and Pokémon’s 30th anniversary.

Jonathan Bunting, Chief Executive Officer, commented:

“I am delighted Smiths News has delivered such a strong financial and operational performance across the year, reinforcing the ongoing confidence we have in our business. Our strategic priorities remain steadfast as we seek to both leverage and expand our unique UK operating footprint.

“In addition, our existing capital allocation policy has provided us with the flexibility to both invest in our new business verticals alongside distributing funds to shareholders.

“Finally, I would personally like to thank everyone at Smiths News for their dedication and hard work, which collectively, sits at the heart of our ongoing success.”