Evoke reports £1.78bn revenue and £1.86bn net debt for 2025
Evoke reported 2025 revenue of £1.78bn, up 2%, and net debt of £1.86bn, compared with £1.79bn in 2024. The company recorded a £549.1m loss, including £440.3m in non-cash impairment charges related to UK tax increases. Chief executive Per Widerström said the duty changes would affect the regulated sector; chief financial officer Sean Wilkins said Evoke had not yet seen an effect on revenue.
Investors assessing Evoke’s financial position and potential sale must consider its debt, losses and exposure to UK duty changes.