**Summary of Saga PLCs 2025-26 Interim Results Statement:**
Saga PLC, a UK specialist in products and services for people over 50, released its 2025-26 interim results for the six months ended July 31, 2025. The company reported strong financial performance, driven primarily by its Travel business, which saw a 9% increase in underlying revenue to £246.7 million and a 33% rise in underlying profit before tax to £41.6 million. The Travel segments success was attributed to continued strong customer demand, particularly in Ocean and River Cruise holidays, and the consolidation of leadership and operations for improved efficiency.
Overall, the Groups underlying revenue grew by 7% to £320.5 million, and trading EBITDA increased by 8% to £67.5 million. Underlying profit before tax was £23.5 million, slightly lower than the previous year due to increased financing costs associated with a new corporate debt facility. Profit before tax from continuing operations was £3.7 million, a significant improvement from a loss of £116.9 million in the same period last year.
Key financial highlights include
Net debt reduced by £102.1 million to £515.1 million.
Available operating cash flow increased by 64% to £89.4 million.
The leverage ratio improved to 4.3x from 4.8x in the prior year.
Strategic progress included the successful refinancing of debt with a new £335 million term loan, the sale of the Insurance Underwriting business to Ageas for £65 million, and the reorganization of the Insurance Broking business leadership. The company also launched its newest River Cruise ship, Spirit of the Moselle, and agreed on a new savings partnership with NatWest Boxed.
Looking ahead, Saga expects full-year underlying profit before tax to be in line with the prior year, supported by strong forward bookings in Travel and the imminent launch of the Ageas partnership in Insurance Broking. The company remains focused on reducing debt and is confident in achieving its long-term growth ambitions, targeting underlying profit before tax of at least £100 million by January 2030, with leverage below 2.0x.
In summary, Saga PLCs interim results showcase a robust financial performance, strategic advancements, and a positive outlook, positioning the company well for continued growth and debt reduction.