**Summary of Various Eateries PLC Full Year Results for FY25 (52 weeks ended 28 September 2025):**
**Financial Highlights**
**Revenue Growth** Increased by 6% to £52.4 million (FY24: £49.5 million).
**Like-for-Like (LFL) Sales Growth** 2% overall, with Coppa Club leading at +3%. H2 LFL growth accelerated to 4%.
**Adjusted EBITDA** Record £1.4 million (FY24: £0.3 million), driven by strong trading and operational improvements.
**Gross Profit** Surged 64% to £5.7 million (FY24: £3.5 million).
**Cash Position** Cash at bank rose to £8.0 million (FY24: £5.8 million), with net cash at £4.6 million (FY24: £2.7 million).
**Operational Highlights**
**Operational Execution** Improvements in service delivery, menu focus, labour deployment, and cost discipline.
**Site Performance** Enhanced conversion rates supported by stronger venue leadership and consistent execution.
**Leadership Strengthening** Appointment of Mark Loughborough as CEO in January 2025.
**Estate Investment** Successful refurbishments and targeted enhancements to customer propositions.
**Post-Period Highlights**
**Strong Start to FY26** Group LFL sales up 9% in the festive period, led by Coppa Club (+12%).
**Brand Consolidation** Focus on Coppa Club and Noci brands, with active exploration of new Coppa Club sites.
**M&A Opportunities** Proactively evaluating high-quality, complementary acquisitions.
**Leadership Expansion** Appointment of new Managing Director and Culinary Director.
**CEO’s Statement (Mark Loughborough)**
FY25 marked a clear step forward with improved execution, stronger operational foundations, and record profitability.
Focus on scaling brands, selective estate investment, and exploring M&A opportunities for sustainable growth.
**Chairman’s Statement**
FY25 was an inflection year with a return to LFL growth, improved profitability, and strengthened operational foundations.
Momentum carried into FY26, supported by a robust leadership team and a disciplined approach to growth.
**Financial Review**
**Revenue:** £52.4 millionup 6% YoY.
**Adjusted EBITDA** £5.5 million (IFRS 16), up 27% YoY.
**Loss Before Tax** Reduced to £2.7 million (FY24: £3.4 million).
**Net Cash Flow from Operations** £7.76 million (FY24: £2.31 million).
**Net Debt** £24.5 million (FY24: £28.7 million).
**Future Outlook**
Confident in delivering strong performance in FY26, with a focus on organic growth and strategic M&A.
Continued investment in Coppa Club and Noci brands, alongside operational excellence and cost discipline.
**Conclusion**
Various Eateries PLC demonstrated resilience and growth in FY25, achieving record financial and operational milestones. With a strengthened leadership team and a clear strategic focus, the company is well-positioned for sustainable expansion in FY26 and beyond.