Gymwear brand Tala had good and bad news with its latest set of accounts as the year to the end of March 2025 saw higher revenue but wider losses.
Tala
The company said revenue rose a healthy 18% to £19.8 million, but the operating losses was £2.64 million, worse than the loss of just under a million the year before.
The net loss for the year was £2.49 million, wider than the just-short-of-a-million loss in the prior year.
So what went wrong this time? Well, there were both positives and negatives as mentioned. In the latter case, the company decided to scale back its US ops in reaction to the introduction of tariffs, something we reported on at the time.
That must have been a blow as US revenue actually increased 18% in the year, but that was below the budget the company had targeted. Tala said the full impact of its changed strategy is expected to be seen through the 2025/26 year and it’s “actively taking steps to structure the operations to mitigate additional costs to the group”.
That said, on the plus side, during the year it signed its first lease on a new store in London, which opened in May 2025 after the financial year ended.
And it has plans for further openings in the UK and abroad in the next three years. Plus it will build on its wholesale success after the channel “performed 8x on the prior year through he introduction of new wholesale partners”.
The company was founded by Grace Beverley in 2019 and investors in it include Pembroke VCT, Venrex and Active Partners, which raised their stakes in July 2024 with a further £4.6 million investment.
