Various Eateries PLC, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, provides the following update on trading for the 52-week period ending 28 September 2025.
The Group expects full-year revenue of £52.4m (2024: £49.5m), +6% year on year and ahead of current market expectations of £50.7m.
Full-year adjusted EBITDA is expected to be at least £1.1m (2024: £0.3m) versus market expectations of £0.4m. Record profit performance reflects continued operational optimisation, including smarter demand-driven workforce scheduling, and has been delivered despite a c.£1.3m impact from minimum wage and national insurance increases in the financial year.
Like-for-like sales in H2 were +4% year on year. Full year like-for-like sales were +2% (2024: -1.0%), outperforming the market and improving on flat like-for-like sales at the half year. Sales have benefited from supportive summer weather and targeted enhancements to the customer proposition, including the premiumisation of the food and drink menus with select higher-priced items.
Across both Coppa Club and Noci, we continued to fine-tune service quality and guest experience. This has been exemplified by refinements to Coppa Club layouts, enabling a seamless transition from relaxed daytime venues to lively evening destinations, unlocking additional trade.
Momentum has continued into FY26, and with firm foundations in place, the Group is well positioned for the next phase of growth. The strength of our core brands and the breadth of our offer provide resilience and position us well to continue navigating a challenging market.
Looking ahead, we remain ambitious for growth, including the expansion of our core brands, and will continue to explore new opportunities where they complement our portfolio, strengthen our estate and fit with the quality and character that define our business.
The Group’s financial position is healthy, with cash at bank of £8.0m as at 28 September 2025 (2024: £5.8m).
Adjusted EBITDA is EBITDA before pre-opening costs, share-based payments, and exceptional costs, and is reported by the Group before the impact of IFRS 16.
Mark Loughborough, CEO of Various Eateries, said: “Momentum from the first half carried into the second, with a return to like-for-like growth and record profitability demonstrating the progress we have made. The sunshine certainly brought our outdoor spaces to life, but the real story lies behind the scenes. Across the Group, our teams are lifting standards site by site, refining menus, improving speed and consistency, and building stronger, more focused operations.
“The breadth of our offer remains one of our greatest strengths, giving us multiple levers for growth across dayparts, occasions and locations. That diversity, combined with disciplined execution, has allowed us to grow sales in a way that helps offset some cost and margin pressures.
“We are becoming a more efficient and resilient business while continuing to enhance the guest experience, which in turn is driving stronger conversion and more repeat visits. Against a backdrop that remains challenging, I am proud of the progress we are making. We will continue to raise the bar, running a tighter operation and delivering a better experience for everyone who walks through our doors.”
