Business
Final results for the year ended 31 December 2022
Final results for the year ended 31 December 2022.
About this update from Xp Factory Plc
[{"type":"text","content":"\n\nXP Factory Plc\n23 May 2023\nXP Factory plc (AIM: XPF)\n(\"XP Factory\", the \"Company\" or the \"Group\")\nFinal results for the year ended 31 December 2022\nXP Factory is pleased to announce its audited final results for the year ended 31 December 2022.\n \nFINANCIAL HIGHLIGHTS\n \n\n\n\n\n· \n\n\n£22.8m Group revenue - up 228% vs prior year (2021: £7.0m)\n\n\n\n\n· \n\n\n£2.6m adjusted EBITDA pre IFRS16 (2021: loss £0.6m)\n\n\n\n\n· \n\n\n£9.8m Escape Hunt™ owner-operated revenue up 62% vs prior year (2021: £6.0m)\n\n\n\n\n· \n\n\n£0.7m Escape Hunt Franchise EBITDA up 75% vs prior year (2020: £0.4m)\n\n\n\n\n· \n\n\n£9.5m Boom Battle Bar™ owner-operated revenue of in its first full year of operation\n\n\n\n\n· \n\n\n£2.9m Boom Battle Bar™ franchise revenue\n\n\n\n\n· \n\n\n£1.3m Group operating profit (2021: loss of £0.5m)\n\n\n\n\n· \n\n\n35% return on capital across Escape Hunt owner operated estate\n\n\n\n\n· \n\n\n£3.2m cash at year end (2021: £8.2m) and £4.0m on 30 April 2023\n\n\n\n\n \n \nOPERATIONAL AND STRATEGIC HIGHLIGHTS\n \n\n\n\n\n· \n\n\nSuccessfully integrated Boom Battle Bar into XP Factory Group\n\n\n\n\n· \n\n\nOpened 27 Boom sites by the end of 2022 - 11 owner operated and 16 franchised\n\n\n\n\n· \n\n\nAcquired Boom franchise sites in Norwich and Cardiff\n\n\n\n\n· \n\n\nOpened 4 new Escape Hunt sites and relocated 1 other, expanding UK estate to 23 venues (2021: 19)\n\n\n\n\n· \n\n\nAchieved 97% customer satisfaction ratings across both brands\n\n\n\n\n· \n\n\nSecured £3.3m credit facility with fit-out providers for new Boom owner operated sites\n\n\n\n\n \n \nPOST YEAR END\n \n\n\n\n\n· \n\n\n3 Boom sites and 1 Escape Hunt currently in build, with a developed pipeline underpinning site roll-out targets for the year\n\n\n\n\n· \n\n\n44% LFL sales growth delivered across Q1 2023 in the Boom sites that were trading last year, with operating metrics maturing as expected\n\n\n\n\n· \n\n\nBoom franchise sites performing in line with the Board's expectations\n\n...