Marston'S Plc Unsp/Adr (MRTPY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for taking the time to join us. Marston's interim results for financial year 25. My name's Justin Platt. I'm the chief exec. And with me is Hayley, who you all know is our CFO. Take you through the results today. We'll do the following running order. I'll touch on the headlines. Hand over to Hayley. She'll give you the detail of the financials. And then I'll come back to give a bit of colour on the progress we're making on the strategy that we outlined in October. And then we'll pull it all together and take some time for questions. So a really good first half for us. A first half when we're really seeing the results now of the strategy being implemented. Good light for light revenue growth at 2.9% year to date. Importantly, we're converting that. So despite the headwinds, we've grown our margins. So it's the EBITDA's at 86 million, which is 14% up year on year. And really... That's about the progress we are making with the strategy. Whether it be driving the operating model and the execution of the operating model, the progress we're making on our new formats, but also increasingly the opportunity that we're seeking to unlock on digital transformation. All these things are starting to get momentum now and the benefits are starting to accrue. And we only really see the results from all of that work starting to accelerate. And for that reason, we're feeling very confident in our outlook for the year and very committed to the targets we laid out. We're very much, hopefully you'll see today, we're very much now in delivery mode. And the early signs on that delivery are good. Hence, we're feeling very good about the outlook. So that's the headlines. I'll hand over to Hayley and she'll take you through the financials. Thanks, Justin. Good morning, everybody. I'l...