Virgin Wines has reported a 2% revenue increase to £34.7m in its interim results to 2 January 2026. 

Within this, the retailer experienced particularly strong results in the seven weeks to 26 December, with revenue up 5%. 

Net cash reached £10.6m, gross cash was £17.9m and the balance sheet remained debt-free. 

The group also continued to invest in its growth strategy, which it said would protect against the duty rise. 

Elsewhere in the business, Virgin saw a 40% increase in customers acquired year-on-year. WineBank membership also saw a 12% increase. 

In wider news, the company said the soft launch of its mobile app went smoothly, with a further marketing campaign expected this month. 

Virgin said it expects the app to further enhance customer engagement and support long-term ambitions. 

Warehouse Wines, which is part of Virgin Wines, delivered significant growth, with revenue increasing 92% and its customer base reaching 41.1k. 

A spin-off from the main brand, Warehouse focuses on value-led bottles, generally sold for under £10. 

Jay Wright, CEO of Virgin Wines, said: “We are delighted to see that the investment in our growth strategy is working. We have delivered a 40% increase in new customers acquired, continued to grow our commercial partnerships, achieved 92% year-on-year growth in our Warehouse Wines value proposition and completed the initial phase of our mobile app development.  

“We have entered the second half of the year with strong momentum, keeping our foot firmly on the customer acquisition accelerator, with recruitment up 54% year-on-year in January and 83% year-on-year in February.  

“With a strong, debt-free balance sheet and our growth strategy gaining momentum, we will continue to invest in our ambitious plans and remain confident in delivering sustained success.”