Financial Performance
We believe that the Company will continue to deliver attractive sustainable returns, on a relatively low risk and limited volatility basis on a long term view.
Company Summary
Big Yellow Group PLC Snapshot
| Primary Country Listing | GBR |
| Index | |
| Sector | REIT - Industrial |
| TIDM |
BYG |
Financial Highlights
| 31/03/25 | 31/03/24 | 31/03/23 | |
|---|---|---|---|
| Adjusted profit | £115.6 million | £107.3 million | £106.0 million |
| Adjusted eps | 57.8p | 55.9p | 56.5p |
| Declared dividend | 46.4 pence per share | 45.2 pence per share | 45.2 pence per share |
| Occupancy change in year | 27,000 sq ft | (59,000 sq ft) | (19,000 sq ft) |
| Occupied space | 5,056,000 sq ft | 5,029,000 sq ft | 5,088,000 sq ft |
| Net debt | £388.7 million | £385.4 million | £486.6 million |
Statutory Results
| 31/03/25 | 31/03/24 | 31/03/23 | |
|---|---|---|---|
| Revenue | £204.5 million | £199.6 million | £188.8 million |
| Profit before tax | £203.9 million | £241.0 million | £75.3 million |
| Basic earnings per share | 103.2p | 127.1p | 40.1p |
Overview from Annual Report
| 31/3/25 | 31/3/24 | 31/3/23 | |
|---|---|---|---|
| Average Number of Employees (including directors) |
459 | 464 | 465 |
| Total Employee cost (£000) | 25.8 | 25.3 | 24.7 |
10 Year Summary
Results
| 2025 £'000 | 2024 £'000 | 2023 £'000 | 2022 £'000 | 2021 £'000 | 2020 £'000 | 2019 £'000 |
2018 £'000 |
2017 £'000 |
2016 £'000 |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 204.5 | 199.6 | 188.8 | 171.3 | 135.2 | 129.3 | 125.4 | 116.7 | 109.1 | 101.4 |
| Operating profit before gains and losses on property assets | 126.6 | 128.4 | 120.1 | 106.6 | 81.5 | 80.0 | 76.7 | 70.9 | 65.3 | 59.9 |
| Cash flow from operating activities |
114.6 |
104.8 |
112.0 | 107.1 | 76.7 | 73.6 | 72.2 | 63.0 | 56.0 | 55.5 |
| Profit before taxation | 203.9 | 241.0 | 75.3 | 698.9 | 265.8 | 93.4 | 126.9 | 134.1 | 99.8 | 112.2 |
| Adjusted profit before taxation | 115.6 | 107.3 | 106.0 | 96.8 | 74.6 | 71.0 | 67.5 | 61.4 | 54.6 | 49.0 |
| Net assets | 2,565.5 | 2,448.4 | 2,182.4 | 2,184.4 | 1,453.9 | 1,163.9 | 1,123.9 | 981.1 | 890.4 | 829.4 |
| Diluted EPRA earnings per share | 57.8p | 55.9p | 56.5p | 52.5p | 42.4p | 42.1p | 41.4p | 38.5p | 34.5p | 31.1p |
| Declared total dividend per share | 46.4p | 45.2p | 45.2p | 42.0p | 34.0p | 33.8p | 33.2p | 30.8p | 27.6p | 24.9p |
Key Statistics
| 2025 £'000 | 2024 £'000 | 2023 £'000 | 2022 £'000 | 2021 £'000 | 2020 £'000 | 2019 £'000 |
2018 £'000 |
2017 £'000 |
2016 £'000 |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Number of stores open** | 109 | 109 | 108 | 105 | 78 | 75 | 74 | 74 | 73 | 71 |
| Store MLA (000 sq ft) |
6,421 | 6,419 | 6,292 | 6,098 | 4,930 | 4,688 | 4,622 | 4,631 | 4,551 | 4,464 |
| Sq ft occupied (000)** | 5,056 | 5,029 | 5,088 | 5,107 | 4,201 | 3,781 | 3,810 | 3,730 | 3,551 | 3,363 |
| Occupancy increase/(decrease) in year (000 sq ft)* | 27 | (59) | (19) | 906 | 420 | (29) | 80 | 179 | 188 | 185 |
| Closing net rent per sq ft** | £35.17 | £34.14 | £32.48 | £29.92 | £28.71 | £28.15 | £27.28 | £26.74 | £26.03 | £25.90 |
| Number of occupied rooms** | 73,000 | 73,000 | 73,000 | 73,000 | 62,000 | 56,500 | 56,000 | 55,000 | 52,500 | 50,000 |
| Average no. of employees during the year** | 459 | 464 | 465 | 427 | 370 | 361 | 347 | 335 | 329 | 318 |
* - the occupancy growth in 2015, 2017, 2022 and 2023 includes the acquisition of existing stores
** - from 2022 this includes the Armadillo stores, which the Group acquired the remaining 80% of which it did not previously own on 1 July 2021