British lifestyle brand Mulberry Group has reported group revenue of £125.5m ($168m) for the fiscal year 2026 (FY26), up 4% compared to £120.4m a year ago, with growth picking up to 11% in the second half of the year.
For the 52 weeks ended 28 March 2026, like-for-like (LfL) revenue across retail and digital increased 9%, with the company reporting stronger momentum as the year progressed
Gross margin improved to 72% from 67% in FY25. The group reported pre-tax loss of £8.9m compared with a loss of £32.2m in the previous year. Underlying pre-tax loss came to £8m, against an underlying pre-tax loss of £24.1m in FY25, representing an improvement of £16.1m.
Mulberry also reported positive underlying EBITDA [earnings before interest, taxes, depreciation and amortisation] of £800,000, compared with an underlying EBITDA loss of £16.8m a year earlier, an improvement of £17.6m. Operating expenses fell 10% year-on-year (YoY) to £96.2m from £107.4m. Commenting on the performance, Mulberry CEO Andrea Baldo said: “FY26 has been a year of meaningful progress as we continue to deliver our Back to the Mulberry Spirit strategy.