Watchfinder sales soar despite operating loss

Pre-owned luxury watch platform Watchfinder saw a healthy increase in turnover in the annual accounts it submitted for the period ending 31 March 2025.

Specifically, sales reached £109,894,588, which represents an 18% increase from 2024.

Gross profit also increased for the Richemont-owned company, up to £15,448,399 from £13,983,725, a 10% increase year on year. 

However, the business is still recording an operating loss, rising 0.4% to £12,579,727. This is the third consecutive year that they’ve operated at a loss.

In its report, Watchfinder’s directors referred to a “challenging trading year,” and said that the “strong volatility of prices on the pre-owned market together with a difficult economic environment in the UK has had an impact on the Company’s trading results.