{
  "id": 9326066,
  "title": "'A positive year' – UK cycling retailer Sigma Sports returns to profit after three years in the red",
  "url": "https://urgent.news/2026/09/23/a-positive-year-uk-cycling-retailer-sigma-sports-returns-to-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T11:32:03.000Z",
  "source": {
    "name": "Cycling Weekly",
    "slug": "cycling-weekly",
    "url": "https://www.cyclingweekly.com/news/uk-cycling-retailer-sigma-sports-returns-to-profit-after-three-years-in-the-red"
  },
  "original_language": "en",
  "account": "Cycling retailer Sigma Sports has made a profitable return after three years of financial losses, according to its latest accounts. The London-based company posted a pre-tax profit of £171,268 for the year ending 31 December 2025, reversing a trend of losses totaling £8 million in previous years. In 2024, Sigma Sports suffered pre-tax losses of over £1 million, £3 million in 2023, and £4 million in 2022. The company's CFO, Oliver Lawson, attributed the financial setbacks to the cost-of-living crisis, rising interest rates, and the global economic impact of Russia's invasion of Ukraine, which contributed to a decline in consumer confidence. However, Sigma Sports' latest accounts suggest a recovery in the industry, with the business maintaining its position as the leading premium retailer. The company's growth was driven by both online and physical retail channels, supporting the importance of an omnichannel approach. Sigma Sports expanded its high street presence in 2025 by opening its third store in Letchworth Garden City, which exceeded expectations and generated £2 million in revenue. The company also increased its workforce from 106 full-time employees to 128. The company's most profitable years were in 2020 and 2021, coinciding with the pandemic, when demand for sports equipment surged. Despite the pandemic boom, Sigma Sports struggled in the following years as the cost-of-living crisis deepened. In late 2023, one of the company's main competitors, Wiggle Chain Reaction Cycles, entered administration, leading to an acceleration of Sigma Sports' performance and market share gain. The company's latest results, however, do not provide insight into its performance in 2026. Sigma Sports relies heavily on the UK market, accounting for 97% of its trade. Industry sources have reported that this year has been generally positive for retailers, with Bicycle Association data showing month-on-month growth throughout the year, and August being one of the highest grossing months.",
  "summary": "Company's newly published 2025 accounts point to a wider industry recovery",
  "key_points": [
    "Sigma Sports returns to profit with £171,268 pre-tax profit in 2025",
    "Company suffered £8 million losses in previous three years",
    "Growth driven by online and physical retail channels"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}