Angling Direct plc (LSE:ANG) reported a 17% increase in revenue to £53.6 million for the first half of 2026, reflecting strong momentum in both UK retail and online channels. Growth was supported by a widening customer base and the continued success of the company’s MyAD loyalty scheme.
During the period, Angling Direct opened new outlets in Chester and Bradford, expanding its footprint to 55 stores across England and Wales. In Europe, its Utrecht store celebrated its first anniversary with rising footfall, while the group’s digital strategy advanced in Germany and the Netherlands. Although net cash declined due to investment commitments, management reiterated confidence in achieving its medium-term target of £100 million in revenue.
Business Outlook
The company’s outlook is underpinned by solid operational performance and strategic initiatives such as store expansion and share buybacks. However, technical indicators point to bearish trading momentum, and the stock’s valuation remains elevated compared with sector peers, which weighs on its overall market score.
About Angling Direct plc
Headquartered in Norfolk, Angling Direct is the UK’s leading omni-channel fishing tackle retailer with a growing European presence. The company operates more than 50 retail stores alongside a strong e-commerce platform. It also runs the MyAD Fishing Club app and supports localized websites across Europe, with distribution centered in the Netherlands.
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