Chapel Down Group PLC, Englands leading winemaker, reported strong financial results for the year ended 31 December 2025, with a 19% increase in net sales revenue to ยฃ19.4 million and a 25% rise in adjusted EBITDA to ยฃ3.7 million. The companys performance was driven by growth across all channels, including a 38% increase in Off-Trade sales, a 5% rise in On-Trade sales, and a 49% jump in International sales. Chapel Downs focus on premiumization, with Traditional Method Sparkling (TMS) wines accounting for 74% of wine-related net sales revenue, also contributed to its success. The companys net debt increased to ยฃ12.4 million due to investments in future growth, but it maintains headroom on its ยฃ20 million revolving credit facility. Chapel Downs brand awareness grew to 49%, solidifying its position as the leading English wine brand. The company expects to continue its strong performance in FY26, with market expectations for net sales revenue of ยฃ22.1 million and adjusted EBITDA of ยฃ3.7 million.
| Financial Metric | 2025 (ยฃ'000) | 2024 (ยฃ'000) | Change (%) |
|---|
| Net Sales Revenue | 19,443 | 16,351 | +19% |
| Gross Profit | 9,162 | 7,918 | +16% |
| Adjusted EBITDA (excl. fair value adjustment) | 3,725 | 2,985 | +25% |
| Net Debt (excl. lease liabilities) | (12,418) | (9,159) | -36% |
| Operating Cash Flow | 5 | (3,794) | +100% |
### Key Observations:
1. **Revenue Growth**: Net sales revenue increased by 19% year-on-year, driven by strong performance across all channels, particularly Off-Trade (+38%).
2. **Profitability**: Adjusted EBITDA (excluding fair value adjustment) rose by 25%, reflecting strong revenue growth and operating leverage.
3. **Debt Increase**: Net debt increased by 36%, primarily due to investments in vineyard development and maturing stock levels.
4. **Cash Flow Improvement**: Operating cash flow turned positive, significantly improving from a negative position in 2024.