B&M European Value Retail (LON:BME) reported a difficult fiscal 2026 marked by lower profits, margin pressure and cost inflation, but management said stronger cash generation and reduced leverage give the discount retailer flexibility to invest in growth and its existing store estate.
Chief Executive Officer Tjeerd Jegen said adjusted EBITDA came in at “the midpoint” of current guidance at GBP 459 million, while leverage returned to the company’s target range at 1.4 times. He said that provided “a good foundation for driving future growth and, over time, shareholder returns.”
