The Young & Co's Brewery board is proposing a final dividend in respect of the period ended 31 March 2025 of 11.53 pence per share at a cost of £7.2 million. If approved, it is expected to be paid on 17 July 2025 to shareholders who are on the register of members at the close of business on 13 June 2025.
Other financial highlights include:
Strong like-for-like revenue growth of 5.7%, reflecting the strength of Young's strategy, supported by an excellent performance during EURO24 and the Christmas period, and despite challenging weather at the start of the year.
Total revenue for the period up 24.9% to £485.8 million, and adjusted EBITDA up 23.2% to £113.6 million with managed house EBITDA for the period up 22.4% to £138.3 million.
Adjusted operating profit up £14.1 million to £71.4 million, with a sector leading margin of 14.7%, despite continued National Living Wage increases of almost 10%, utility costs and H1 head office dual running costs of £2.1 million from the City Pub Group acquisition.
Healthy cash generation, a balanced investment strategy, and the planned selective disposal of nine trading pubs has reduced year end net debt (pre-IFRS 16) by £19.5 million to £248.3 million (net debt £336.3 million), with net debt to EBITDA (pre-IFRS 16) at 2.4 times (net debt to adjusted EBITDA 3.0 times).
