Business
2025 FULL YEAR RESULTS ANNOUNCEMENT
SSP Group plc reported a resilient performance for the year ended 30 September 2025, with revenue increasing by 6.0% to £3,639 million and underlying pre-IFRS 16 operating profit rising by 8.4% to £223 million, leading to an underlying EPS of 11.9p. The company achieved a positive free cash flow of £80 million and proposed a dividend of 4.2p per share, reflecting confidence in future cash generation. Strategic actions include a £100 million share buyback initiated in October 2025 and a focus on accelerating shareholder value delivery in FY26, targeting EPS towards the upper end of expectations and free cash flow exceeding £100 million. The company is also undertaking a review of its Continental European Rail business and considering options to realize value from its stake in the TFS JV. Disclaimer*
About this update from Ssp Group Plc
[{"type":"text","content":"\n\n \n \n\n4 December 2025 LEI: 213800QGNIWTXFMENJ24\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n2025 FULL YEAR RESULTS ANNOUNCEMENT\nRESILIENT PERFORMANCE IN FY25\nFOCUS ON ACCELERATING DELIVERY OF SHAREHOLDER VALUE IN FY26\nSSP Group plc (\"SSP\" or \"the Group\"), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 38 countries, issues its financial results for the year ended 30 September 2025.\n\n\n\n\nUnderlying Pre-IFRS 161,2\n\n\nStatutory IFRS\n\n\n\n\n(unaudited)\n\n\n2025\n\n\nvs 2024\n\n\n\n\n\n2025\n\n\nvs 2024\n\n\n\n\n\n\n\n At actual FX rates\n\n\nAt constant FX rates \n\n\nAt actual FX rates\n\n\n\n\n\nAt actual FX rates\n\n\nAt actual FX rates \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nSales growth\n\n\n\n\n\n7.8%\n\n\n6.0%\n\n\nRevenue\n\n\n£3,639m\n\n\n6.0%\n\n\n\n\nOperating profit\n\n\n£223m\n\n\n12.7%\n\n\n8.3%\n\n\nOperating profit\n\n\n£86m\n\n\n(58)% \n\n\n\n\nOperating profit margin\n\n\n6.1%\n\n\n30bps\n\n\n10bps\n\n\n\n\n\n \n\n\n\n\n\n\n\nEarnings per share\n\n\n11.9p\n\n\n25%\n\n\n19%\n\n\nLoss per share\n\n\n(9.3)p\n\n\n(373)%\n\n\n\n\nFree cash flow (pre-dividend)\n\n\n£80m\n\n\nn/a\n\n\n£283m\n\n\n\n\n\n \n\n\n\n\n\n\n\nPre-tax ROCE\n\n\n18.7%\n\n\nn/a\n\n\n+100bps\n\n\nLoss before tax\n\n\n£(10)m\n\n\n(109)%\n\n\n\n\nNet debt\n\n\n£(574)m\n\n\nn/a\n\n\n£19m\n\n\nNet debt\n\n\n£(1,817)m\n\n\n£(135)m \n\n\n\n\nNet debt/EBITDA \n\n\n1.6x\n\n\nn/a\n\n\n(0.1)x\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Highlights (underlying pre-IFRS 16, unless otherwise stated)\n· Revenue: £3.6bn, up 8% (on a constant currency basis), with LFL growth of 4% and net gains of 4%\n· Operating profit: £223m at actual FX rates; £233m on a constant currency basis, up 13% with margin accretion of 30...