Saga has become one of the UK's most trusted businesses by providing customers with differentiated products and excellent customer service for over 70 years. We exist to deliver exceptional experiences every day to serve the needs of older people.

Financial overview

Preliminary results for the year ended 31 January 2024

Year ended 31 January 2024 31 January 2023 (restated)1 Change

Underlying Revenue2

£732.7m

£648.9m

13%

Revenue

£741.1m

£663.7m

12%

Trading EBITDA2

£116.5m

£92.5m

26%

Underlying Profit Before Tax2

£38.2m

£15.5m

146%

Underlying Profit Before Tax (Under Previous IFRS)2

£45.3m

£21.5m

111%

Loss before tax

(£129.0m)

(£272.7m)

53%

Available Operating Cash Flow2

£143.8m

£54.9m

162%

Net Debt2

£637.2m

£711.7m

10%

Leverage ratio

5.4x

7.5x

2.1x

1 The prior year has been restated to reflect the adoption of IFRS 17 'Insurance Contracts'                                                                                         

2 Refer to the Alternative Performance Measures Glossary on pages 90-92 of our preliminary results statement for definition and explanation