Marston'S Plc Unsp/Adr (MRTPY) Q4 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.254 Good morning, everybody. Thank you for joining us today. 00:00:02.254 -- 00:00:07.141 Welcome to the Marston's preliminary results for financial year 25. 00:00:07.141 -- 00:00:12.168 My name is Justin Platt, CEO. And with me, I have Stephen Hobson, our new chief financial 00:00:12.168 -- 00:00:13.890 officer. 00:00:13.890 -- 00:00:17.775 We'll take you through our results today. And we'll do that with the following running 00:00:17.775 -- 00:00:20.840 order. I'll start with the headlines. 00:00:20.840 -- 00:00:24.144 Stephen will then share the financial results. 00:00:24.144 -- 00:00:27.208 And I'll then give some insight into the strategic progress we've been making through 00:00:27.208 -- 00:00:33.162 the year. before wrapping up and taking any questions you might have. 00:00:34.165 -- 00:00:39.329 So the headlines 2025 has been a very strong year for Marston's. 00:00:39.329 -- 00:00:42.912 It's been a year when we've been very focused on delivery, 00:00:42.912 -- 00:00:48.197 delivery of the strategy we outlined a year or so ago at the Capital Markets Day. 00:00:48.197 -- 00:00:53.141 And the results bear out that the strategy is working and driving real progress for us 00:00:53.141 -- 00:00:54.943 as a business. 00:00:54.943 -- 00:00:59.887 With profit before tax of 72 million pounds, That's year on year growth of 71%. 00:00:59.887 -- 00:01:04.973 And that's on top of the 65% growth we delivered a year ago. 00:01:04.973 -- 00:01:08.718 And that profit delivery has helped us drive cash flow. 00:01:08.718 -- 00:01:13.303 So cash flow at 53 million pounds. That's ahead of our 50 million pound target. 00:01:13.303 -- 00:01:17.166 And it's also earlier than planned. 00:01:17.208 -- 00:01:22.595 Alongside that, it's really pleasing....