**Summary**
Saga plc, a UK-based specialist in products and services for people over 50, reported its unaudited preliminary results for the year ended 31 January 2026. The company highlighted a transformational year with strong financial performance, exceeding guidance across its Travel and Insurance businesses. Key financial highlights include
**Revenue Growth** Underlying revenue increased by 11% to £654.6 million, with a 12% rise in total revenue to £660.0 million.
**Profitability** Underlying Profit Before Tax rose by 19% to £44.2 million, and Trading EBITDA increased by 16% to £134.9 million.
**Debt Reduction** Net Debt significantly decreased by 16% to £499.5 million, and the Leverage Ratio improved to 3.7x from 4.4x.
**Strategic Progress** Saga made substantial progress in simplifying its business model, including refinancing corporate debt, selling the Insurance Underwriting business, and launching partnerships with Ageas and NatWest Boxed.
The companys Travel segment saw strong customer demand, with an 11% increase in underlying revenue to £504.1 million and a 37% rise in Underlying Profit Before Tax to £87.2 million. The Insurance Broking segment also performed well, with a 17% increase in Underlying Profit Before Tax to £16.9 million, driven by policy growth and the successful launch of the Ageas partnership.
Saga reaffirmed its medium-term targets, aiming for at least £100.0 million in annual Underlying Profit Before Tax and a Leverage Ratio below 2.0x by January 2030. The company expressed confidence in its growth prospects, supported by strong forward bookings in Travel and the continued integration of strategic partnerships.