Pets at Home Group PLC (LSE:PETS) posted profits bang in line with expectations and reiterated its guidance for the year ahead, and announced a new £25 million share buyback.
The pet store and veterinary services chain reported flat statutory revenue of £1.5 billion for the year to 27 March 2025, with statutory profit before tax rising 14% to £120.6 million.
Underlying PBT was up 0.7% to £133.0 million, exactly in line with guidance given in March.
Free cash flow rose 21.5% to £83.8 million and the final dividend was kept flat at 8p per share, for a total payout of 13.0p, up from 12.8p a year earlier. The new buyback follows £125 million paid out this way over the past three years.
Chief executive Lyssa McGowan said: "The past two years have seen a profound transformation at Pets at Home. We have moved from a business with a strong presence in pet retail and vets, to a true pet care platform."
For the current year, guidance was repeated for a fall in underlying PBT to between £115 million and £125 million, with the first six weeks of the year having "begun as expected".