**Summary**
Virgin Wines UK PLC announced a strong trading update for the six months ended 2 January 2026, highlighting a 5% year-on-year revenue increase during the Christmas period and a 40% rise in customer acquisition. Overall H1 revenue grew by 2% to ยฃ34.7 million, outperforming the declining online drinks market (-11%). The companys growth strategy is delivering results across all key pillars
1. **Increased customer acquisition** 40% growth while maintaining acquisition costs.
2. **Commercial channel growth** Revenue from partnerships and corporate gifting exceeded expectations, driven by the Moonpig partnership.
3. **Technology enhancement** Mobile app development on track for Q1 2026 launch.
4. **Warehouse Wines success** Revenue surged 92% year-on-year.
Virgin Wines remains debt-free with a strong balance sheet, despite returning ยฃ2.7 million to shareholders through share buybacks and investing in growth initiatives. The company is confident in meeting FY26 market expectations, citing its resilient model, loyal customer base, and exciting medium-term strategy. CEO Jay Wright emphasized the success of the growth strategy, market share gains, and the upcoming mobile app launch as key drivers for future growth.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
### Explanation:
- **Revenue**: Increased by 2% year-on-year from ยฃ34.1m in H1 2024 to ยฃ34.7m in H1 2025. - **Gross Cash**: Decreased by 24% from ยฃ23.7m to ยฃ17.9m. - **Ringfenced WineBank Deposits**: Increased by 14% from ยฃ6.4m to ยฃ7.3m. - **Net Cash**: Decreased by 39% from ยฃ17.3m to ยฃ10.6m. - **Warehouse Wines Revenue Growth**: Reported a 92% increase year-on-year (no prior year data provided). - **Customer Acquisition Increase**: Reported a 40% increase year-on-year (no prior year data provided). - **Debt Status**: The company remains debt-free in both periods. This table provides a clear comparison of key financial metrics and debt status year-on-year.