Cake Box Holdings (AIM:CBOX), the UK's largest retailer of fresh cream celebration cakes, grew group revenue 39.5% to £59.69m in the 52 weeks ended 29 March, against £42.78m in the prior year, with underlying EBITDA rising to £12.36m from £8.73m.
Ambala, acquired in March 2025, contributed £14.14m in revenue and £1.85m in underlying EBITDA for the period, its first full year inside the group.
Stripping out Ambala, organic Cake Box revenues grew 9.3% to £45.86m, with like-for-like sales up 4.8% against 3.0% in the prior year, supported by 25 new Cake Box store openings and growing online penetration.
System sales, representing total sales across franchised and corporate stores, climbed 27.7% to £111.27m, while online sales rose 19.7% to £22.89m, with 289,000 new online customers added during the year.
The group opened 37 stores in total, taking its estate to 310 including 34 Ambala locations, ahead of its own 10-store opening target for the Ambala brand.
The full-year dividend was increased for the fifth consecutive year, with net leverage held below one times underlying EBITDA.
"Despite these challenges, we are well positioned to deliver further growth in the year ahead," said chief executive Sukh Chamdal, citing the franchise pipeline and multi-channel strategy.
The group is targeting 35 combined new store openings in the current year, with early trading in 2027 described as ahead of the comparable 2026 period.
