Business
Half-year Report
Tortilla Mexican Grill PLC reported unaudited interim results for the 26 weeks ended June 29, 2025. Revenue increased to £36.0m from £31.5m in H1 FY24. The UK business saw adjusted EBITDA increase by 33% year-on-year to £2.4m, while the French operations reported a £1.2m loss due to investments in site conversions. The Group's loss before tax was £2.3m, compared to a £0.2m loss in the prior year. Adjusted net debt stood at £9.8m, up from £3.3m in H1 FY24. The company successfully refinanced its debt facilities with Santander, increasing available facilities to £12.5m. The Board now expects adjusted EBITDA for FY25 to be around 10 per cent below previous expectations. Disclaimer*
About this update from Tortilla Mexican Grill Ltd.
[{"type":"text","content":"\n\n \n \n\n \n \n \n \n \n \n \n30 September 2025\nTortilla Mexican Grill plc\n(\"Tortilla\", the \"Group\" or the \"Company\")\nUnaudited Interim Results for the 26 weeks ended 29 June 2025\n \nRecord UK EBITDA; France conversion project progressing with adjusted timetable\n \nTortilla Mexican Grill plc, the largest and most successful fast-casual Mexican restaurant business in the UK and Europe, today announces its unaudited interim results for the 26 weeks ended 29 June 2025 (\"H1 FY25\", \"the Period\"). All numbers are shown on an IFRS basis unless otherwise stated.\n \nCommenting on the results, Andy Naylor, Chief Executive Officer of Tortilla said:\n \n\"We are pleased with the strong progress made in the UK during the first half, where LFL sales grew by 5.0%, materially outperforming the CGA Coffer benchmark which reported LFL revenue declines of (2.5%) and (3.4%) in Q1 and Q2 respectively. Encouragingly this has continued into Q3 with total LFL sales growth of 7.0% to date.\n \nOur ongoing investment in food quality and innovation as well as brand marketing continues to resonate with customers. New launches such as protein pots and seasonal salads have been well received, supported by the growth of our Burrito Society loyalty app, which has now surpassed 200,000 members.\n \nIn France, the conversion project is underway with four sites now trading under the Tortilla brand, with a further two due to open by early October. Whilst it's too early to comment on current post-conversion trading, we look forward to providing an update later in the year. The sites are fully supported by our operational Central Production Kitchen in Lille, which provides the infrastructure for significant scale across France and neighbouring markets.\n\nIn the UK, FY25 is forecast to be our most profitable year ever which is an achievement the team should be proud of considering the wider challenges reported by the sector. In France, despite the short-term challenge with the timing of store conversions, we remain confident of the longer-term prospects for our brand in this market following our strategic acquisition last year.\"\n \n \nOperational and strategic highlights\n \n· New Chief Financial Officer: The Board is tod...