Young & Co.'s Brewery, P.L.C. (AIM:YNGA) reported record revenue of £508.2m for the 52 weeks ended 30 March, up 4.6% from £485.8m a year earlier.
Adjusted EBITDA rose 1.4% to £115.2m and adjusted profit before tax increased 2.9% to £53.1m, with managed house EBITDA up 4.0% to £143.9m and like‑for‑like revenue +4.7%; adjusted operating margin was 14.0% (2025: 14.7%).
"We achieved a significant milestone, surpassing half a billion pounds in revenue, with multiple pubs across the estate delivering record performances throughout the year," said Simon Dodd, Chief Executive.
Pre‑IFRS 16 net debt fell £24.1m to £224.2m and the net debt to adjusted EBITDA ratio improved to 2.0x (post‑IFRS 16 net debt £307m, ratio 2.7x); the board recommended a final dividend of 12.22p giving a total 24.44p, up 6%, and the company bought 975,027 shares for £6.1m under a £10m buyback.
Statutory profit before tax rose to £41.1m (2025: £18.1m), driven mainly by a lower net downward property revaluation movement and reduced impairments, and adjusted results exclude a £12m non‑underlying pre‑tax cost.
Trading into the new financial year was positive with total sales for the last five weeks up 7.9% and like‑for‑like sales up 3.4%, and the group completed the acquisition of eight Cubitt House London pubs on 22 April.
The board said stress testing shows comfortable covenant headroom and it continues to adopt the going concern basis.
