**Summary**
Whitbread PLCs preliminary results for the 52 weeks ending February 26, 2026, highlight a year of strategic progress and financial resilience. The company reported a 0% change in statutory revenue, reaching £2,920 million, with UK accommodation sales outperforming the market. Premier Inn Germany achieved a key profitability milestone, and the company extended its Accelerating Growth Plan (AGP) to all remaining branded restaurants. Adjusted EBITDAR increased by 4% to £1,074 million, and adjusted profit before tax remained stable at £483 million. Statutory profit before tax decreased by 19% to £298 million due to impairment charges related to the AGP. Adjusted basic EPS grew by 7% to 208.5p, while statutory basic EPS declined by 13% to 123.3p. The company completed £313 million in property-related disposals and a £250 million share buyback. A new five-year plan was announced, focusing on margin expansion, capital reallocation, and cost savings. The plan includes extending the AGP to all 197 branded restaurants, reducing F&B sales by £140-160 million and profits by £40 million in FY27. Whitbread also announced a final dividend of 60.6p per share, maintaining the total dividend at 97.0p. The companys forward booked position is strong, and it remains confident in its ability to drive market-leading performance in the UK and accelerate returns in Germany.
| Financial Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Statutory Revenue (£m) | 2,920 | 2,922 | 0% |
| Adjusted EBITDAR (£m) | 1,074 | 1,030 | 4% |
| Adjusted Profit Before Tax (£m) | 483 | 483 | 0% |
| Statutory Profit Before Tax (£m) | 298 | 368 | (19%) |
| Statutory Profit After Tax (£m) | 213 | 254 | (16%) |
| Adjusted Basic EPS (p) | 208.5 | 194.6 | 7% |
| Statutory Basic EPS (p) | 123.3 | 141.5 | (13%) |
| Dividend per Share (p) | 97.0 | 97.0 | 0% |
| Net Debt (£m) | (709) | (483) | (226) |
| Lease-adjusted Leverage (x) | 3.3 | 3.0 | n/a |