Business
FY25 Trading Update
FY25 Trading Update.
About this update from Xp Factory Plc
[{"type":"text","content":"\n\n6 May 2025\nXP Factory Plc\n \n(\"XP Factory\", the \"Company\" or the \"Group\")\n \nFY25 Trading Update\n\"Underlying EBITDA for financial year to 31 March 2025 at the upper end of market expectations\"\n \nXP Factory, one of the UK's pre-eminent experiential leisure businesses operating the Escape Hunt® and Boom Battle Bar® brands, is pleased to provide an update on trading for the 12-month period ended 31 March 2025.\n \nHighlights:\n· Record full year Group revenue of £57.3m, up 17% vs prior year (12 months ended 31 March 2024: £48.0m)\no Escape Hunt up 7% to £14.1m\no Boom Battle Bar up 30% to £41.9m\n· Total Group like-for-like (LFL) revenue growth of +2.5%\no Escape Hunt +3.2%\no Boom Battle Bar +2.3%\n· Pre-IFRS 16 adj. EBITDA expected at the upper end of market expectations\no Market expectations: £6.2m - £6.4m\no Prior year pre-IFRS 16 adj. EBITDA in the 12 months ended 31 March 20241: £5.1m\n· Robust pipeline of new sites advancing well\no Canterbury Escape Hunt and Reading Boom Battle Bar expected to open shortly\no Five new sites in Heads of Terms with legals progressing\no Two additional offers made\n \nThe year ended 31 March 2025 represented another strong period of trading at XP Factory, including an exceptional festive period, with both businesses generating positive LFL sales in a challenging consumer environment.\nWith a clearly defined target to deliver £90m sales and £13m pre-IFRS 16 adjusted EBITDA for FY28, a robust pipeline of new sites is being developed. The underlying cash generation from operations, combined with a £10m revolving credit facility, provides the balance sheet strength to execute this.\nOwner operated revenues at Escape Hunt were c. £14.1m in the 12 months to 31 March 2025, +3.2% on a LFL basis. New sites in Worcester, Glasgow and Cambridge opened between August and December 2024 and have all started strongly. Canterbury opened at the beginning of May 2025, and there is a robust pipeline for future site openings through the remainder of FY26. Unfortunately, Escape Hunt's first ever site, Birmingham Central, was forced to close in March 2025 after the shopping centre in which it was located ceased operations at short notice. The group ...