BUTLERS PLC reports Full Year Results

2025-11-28 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On November 28, 2025, Mitchells & Butlers PLC announced its full-year financial results for the 52 weeks ending September 27, 2025. The company reported total revenue of £2,711 million, reflecting a 3.9% increase from the previous year’s revenue of £2,610 million. This growth was driven by a strong performance in like-for-like sales, which rose by 4.3%.

In terms of profitability, the adjusted operating profit was £330 million, marking a 5.8% increase from £312 million in FY 2024. The operating profit also improved, reaching £322 million compared to £300 million in the prior year. Profit before tax increased to £238 million, up from £199 million in FY 2024. Basic earnings per share (EPS) rose to 29.7 pence, up from 25.0 pence in the prior year, while adjusted EPS increased to 30.9 pence from 26.4 pence.

The company demonstrated strong cash flow management, successfully reducing net debt to £843 million from £989 million in FY 2024, excluding lease liabilities. The net asset value per share also improved, rising to 476 pence from 433 pence in the previous year.

Mitchells & Butlers highlighted solid trading in the early weeks of FY 2026, with like-for-like sales growth of 3.8%. However, the company anticipates increased cost pressures in the upcoming year, estimating headwinds of approximately £130 million due to rising labor costs and food inflation. Despite these challenges, the management remains confident in their ability to navigate these pressures through their Ignite improvement program and disciplined capital investment strategy.

The company’s operational highlights included strong performances across all market segments and a record in non-financial metrics related to guest satisfaction, employee engagement, and safety scores. The board did not declare any dividends in this announcement, indicating a focus on strengthening the balance sheet and enhancing resilience for future growth.

Overall, Mitchells & Butlers PLC’s results reflect a robust year of trading, with continued growth in revenue and profitability, positioning the company well for the challenges ahead. The strategic focus on maximizing the value of its estate and diversifying its brand portfolio is expected to support ongoing market outperformance.

Original Announcement

Title: Full Year Results
Date: 2025-11-28
Source: London Stock Exchange