The Whitbread PLC Board has declared an interim dividend per share of 36.4 pence (H1 FY25: 36.4 pence). The interim dividend will be paid on 5 December 2025 to all shareholders on the register at the close of business on 31 October 2025. Shareholders will be offered the option to participate in a dividend re-investment plan.
Other financial highlights include:
• Premier Inn UK: total accommodation sales were broadly in line with last year and RevPAR was down (1)% reflecting a soft first quarter followed by a return to market growth in the second quarter; Whitbread PLC outperformed the M&E market by +0.7pp on total accommodation sales growth, +1.0pp on RevPAR growth and increased their RevPAR premium to £6.10
• UK F&B sales were reduced by 11% due to the impact of AGP, partially mitigated by a stronger performance in integrated restaurants
• UK segment adjusted pre-tax profit margins were 23.4% (H1 FY25: 24.6%), reflecting the impact of AGP on Whitbread PLC's F&B trading performance and higher than expected cost inflation, partially offset by increased cost efficiencies
• Premier Inn Germany: total sales grew by 9% and despite softer than expected market demand, in part due to lower number of high impact events this year, they continued to outperform the M&E market, driven by the increasing size of their estate, maturity of their hotels and brand and their commercial initiatives; as a result, segment adjusted loss before tax reduced to £3m (H1 FY25: £9m loss);
• Group: adjusted profit before tax was £316m (H1 FY25: £340m) and statutory profit before tax was £287m (H1 FY25: £309m) after charging £28m of adjusting items (H1 FY25: £31m) including £19m of accelerated depreciation and impairments in relation to the AGP and £5m relating to the Whitbread PLC Group's other strategic programmes
• Group: adjusted EBITDAR was £601m (H1 FY25: £611m)
• Group: adjusted basic earnings per share decreased by 2% to 133.7p (H1 FY25: 137.1p) reflecting the lower level of earnings, mitigated by a reduced weighted average number of shares following share buy-backs over the last twelve months. Statutory basic earnings per share increased by 2% to 123.7p (H1 FY25: 121.0p)
• Total cash returned to shareholders via dividends and share buy-backs in H1 FY26 of £182m (H1 FY25: £278m)
• Strong balance sheet: lease adjusted leverage increased to 3.2x (H1 FY25: 2.8x) and net debt was £563m (H1 FY25: £370m)
