2024 Financial Results

Jacobson Group, home to an iconic portfolio of British footwear brands, has delivered a record financial performance for the year ended 28 December 2024 and we’re delighted to share some highlights with you.

A record year

Turnover increased by 38% to £36.4m thanks in large part to our growing ecommerce presence as well as the continued growth of our retail and distribution partner channels across the UK, Europe, and the USA. Reported EBITDA increased by 153% to £4.8m, with adjusted EBITDA (excluding one off exceptional items) of £5.6m, and profit before tax grew by 457% to £3.9m.

Gola leads the way

Our iconic brand Gola continued to shine. Much-loved for its authentic British heritage and creative style, Gola enjoyed strong momentum in 2024 with archive re-releases of popular styles including the Elan and Tornado performing exceptionally well.

Growth in the USA has also been especially strong, across both retail and direct-to-consumer channels. At the same time, Gola has delivered consistent momentum in the UK and across key European markets. And in May 2025, the brand celebrated an incredible milestone – its 120^th anniversary – making it one of the oldest British sports brands still thriving today.

Expanding partnerships

We were thrilled to welcome several new retail partners in 2024, adding to our diverse range of retailers that now includes John Lewis, Next, Schuh, Urban Outfitters, Anthropologie, Oliver Bonas, Marks and Spencer, Selfridges, Nordstrom, and Bloomingdales. Together, we’re bringing our high quality footwear to more customers than ever before.

Looking ahead

The first half of the new financial year has started very well, and we’re on track to deliver record breaking results once again with over 40% revenue growth expected along with continued EBITDA and profit before tax growth in 2025.

Ecommerce remains a top priority, and we’re investing in both technology and marketing to scale further across both existing and new markets. A big step forward will be the upcoming launch of our new European website.

The AW25 season has kicked off successfully for Gola, with the new collection receiving a great response. Standout pieces include the popular Elan, Harrier, and Hawk silhouettes, alongside new additions like the Cyclone Zephyr, Viper Metallic, and Stadia ’86, which have made a significant impact.

A word from our Managing Director, Tony Evans 

“I am pleased to report extremely strong year-on-year growth with this excellent set of financial results. In 2024 the Group delivered a record year for sales and EBITDA growth as a result of the continued expansion of our impressive brand portfolio on an international level.

 “We are confident that our diverse business model leaves us well placed to build on this positive growth trajectory, and I am pleased to confirm we have delivered a strong first half performance for the 2025 financial year. Further to this, we continue to hold a solid forward order book and have made good progress in several new markets, meaning the Group remains on track to deliver another record performance in 2025. 

 “On behalf of the Board, I would like to take this opportunity to thank all our staff for their dedication and hard work, which continues to be critical to our success.”