Motorpoint Group, the Derby-based vehicle retailer, has returned to profitability. It comes as the business looks to accelerate its strategic growth plans.
According to results for the year ended 31 March 2025 (FY25), the firm posted a pre-tax profit of £4.1m, recovering from a £10.4m loss in the year prior. Motorpoint noted that the return to profit was driven by strong growth in retail volumes of 13.9%, with 59.9k retail vehicles sold.
Revenue, meanwhile, grew to £1.17bn, from £1.09bn.
Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “I am extremely pleased with our performance in FY25. Motorpoint has experienced several years of considerable economic headwinds that have hampered our industry. We responded in FY24 with our Brilliant Basics programme which rightsized the business and improved margin performance.
“This successfully laid the foundations for growth and in FY25 resulted in double digit year on year volume growth, significant gains in market share, faster stock turn, and a welcome return to profitability. I am also delighted that our customer NPS improved through the year, reaching record levels in the final quarter, and that we have been recognised as one of the Sunday Times’ best big places to work.
“Recent falls in interest rates are welcome, although they remain relatively high, and supply continues to slowly improve, with more bulk deals available of newer stock. We remain cautious while conditions for the consumer remain uncertain but are well placed to continue to grow profitably and outperform the market.
“This will allow us to continue to invest in our strategic objectives, and accelerate activity over time as conditions allow, in addition to returning excess capital to shareholders.”
