Bow Street Group (BOW) H2 2025 TU earnings summary

Executive summary

• Trading stabilised in the final quarter of FY25, with record trading at some restaurants during the four weeks leading up to Christmas.

• Group revenue for the four weeks ended 28 December 2025 rose by over 1.3% on a like-for-like basis.

• FY25 results are expected to be in line with current market expectations.

Financial highlights

• Over £10.1m of new funds were raised in September 2025, strengthening the balance sheet.

• The lease at Gerrards Cross was assigned for a substantial premium, resulting in a major positive cash impact.

Outlook and guidance

• Refurbishments of six restaurants are underway, with new menu designs and dishes launching in early 2026.

• Investments and menu changes aim to offset increases in National Minimum Wage and Business Rates from April 2026.

• Early trading at refurbished sites has been encouraging.

• Positive discussions are ongoing with several potential acquisition targets.