Business
Full Year Results
Various Eateries PLC reported full-year results for the 52 weeks ended 28 September 2025, showing a 6% revenue increase to £52.4 million, with like-for-like sales growing by 2% driven by Coppa Club's 3% increase. The company achieved a record adjusted EBITDA of £1.4 million, a significant improvement from £0.3 million in the prior year, alongside a 64% rise in gross profit to £5.7 million. Cash reserves strengthened to £8.0 million, with net cash at £4.6 million. The company also noted a strong start to FY26, with festive period like-for-like sales up 9%. Disclaimer*
About this update from Coppa Collective Plc
[{"type":"text","content":"\n\n2 February 2026\nVARIOUS EATERIES PLC\n \n(\"Various Eateries\" or \"the Company\" and with its subsidiaries \"the Group\")\n \nFull Year Results\n \nRecord earnings and momentum building into FY26\n \nVarious Eateries PLC, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, announces its results for the 52 weeks ended 28 September 2025 (\"FY25\").\n \nFinancial Highlights\n\n\n\n\n· \n\n\nRevenue grew by 6% to £52.4m (2024: £49.5m)\n\n\n\n\n· \n\n\nGroup like-for-like (\"LFL\") sales growth of 2% (2024: -1.0%), led by Coppa Club (+3%), with H2 Group like-for-like growth of 4%\n\n\n\n\n· \n\n\nRecord adjusted EBITDA* of £1.4m (2024: £0.3m) driven by strong trading performance and operational improvements\n\n\n\n\n· \n\n\nGross profit increased 64% to £5.7m (2024: £3.5m)\n\n\n\n\n· \n\n\nCash at bank of £8.0 million (2024: £5.8 million)\n\n\n\n\n· \n\n\nNet cash of £4.6m (2024: £2.7m)\n\n\n\n\n \nOperational Highlights\n\n\n\n\n· \n\n\nClear progress in operational execution across the estate, with improvements in service delivery, menu focus, labour deployment and cost discipline\n\n\n\n\n· \n\n\nImproved conversion at site level, supported by stronger venue leadership, clearer accountability and more consistent execution\n\n\n\n\n· \n\n\nStrengthened leadership with the January 2025 appointment of Mark Loughborough as CEO\n\n\n\n\n· \n\n\nContinued investment in the estate, including successful refurbishments and targeted enhancements to the customer proposition \n\n\n\n\n \nPost-Period Highlights\n\n\n\n\n· \n\n\nStrong start to FY26, with Group LFL sales up 9% over the five-week festive period to 4 January, led by Coppa Club (LFL +12%)\n\n\n\n\n· \n\n\nConsolidation of brand portfolio around Coppa Club and Noci underway\n\n\n\n\n· \n\n\nActively exploring new Coppa Club sites, where the opportunity is most compelling in the current market, alongside continued de...