"Our third quarter performance was in line with our expectations and demonstrates our ability to execute on our Accelerate+ strategy. We continue to expect another year of growth, in line with our medium term targets."
Group Chief Executive
Q3 2025 trading update:
performance on track, FY 2025 guidance reiterated
Our Q3 2025 results were in line with expectations, supported by market growth, Distribution contract wins, product launches and the continued disciplined execution of our Accelerate+ strategy.
These results demonstrate the resilience of our diversified and scaled business model, and we continue to expect another year of growth, in line with our medium term targets.
Q3 2025 trading update
£ 2.3 bn
Q3 Group revenue
+7% constant currency
8 %
Organic revenue growth
+ 13 %
Inchcape volumes
against total industry volume +5%
Accelerate+ in action
Throughout Q3, we continued to make progress against our Accelerate+ strategy – scaling our global business through a new Distribution contract win in Greece for GAC AION and the acquisition of Askja and its associated businesses - Landfari, Dekkjahöllin and Una - in Iceland, while also continuing to optimise our portfolio.
In the Americas, Inchcape has made market share gains in key markets and in APAC, despite headwinds, recent product launches are on track. Europe and Africa continues to maintain positive momentum, building on sustained customer demand and operational excellence.
Q3 performance
We delivered a Q3 performance in line with expectations, with revenue of £2.3bn, representing a 7% increase in constant currency and on a reported basis. During the quarter, we delivered organic revenue growth of 8% and Inchcape volumes were up 13%, against Inchcape Total Industry Volumes growth of 5%. We continue to progress with our £250m share buyback programme, reflecting both the highly cash generative nature of the Group, confidence in our prospects and, a commitment to returning value to shareholders.
With a robust balance sheet and a healthy M&A pipeline across markets, the Group’s performance in Q3 demonstrates operational resilience as a focus in achieving another year of growth in FY 2025.
We remain well placed to deliver on our medium term target of greater than 10% earnings per share growth, supported by our disciplined approach to capital allocation and our ambition to grow Inchcape by leveraging our differentiated technology capabilities, further building market share in existing markets and expanding into new markets, and continuing to develop our OEM partner portfolio.
