Cooks Coffee Company (CCC) H1 2026 earnings summary

Executive summary

• Group revenues for the six months ended 30 September 2025 rose 111% year-over-year to NZ$5.77m, driven by strong growth in Ireland and the UK.

• Net profit before tax from continuing operations was NZ$0.068m, down from NZ$0.53m in the prior year, reflecting one-off costs and adjustments.

• Store network expanded to 100 locations in the UK and Ireland, with further growth planned.

• Positive trading momentum continued post-period, with UK and Ireland store sales up 18.6% and 29.8% respectively in the eight weeks to 24 November 2025.

Financial highlights

• EBITDA (excluding depreciation, amortisation, and impairment) was NZ$0.606m, down 5% year-over-year on a normalised basis.

• Like-for-like revenue grew 19.3% to NZ$3.27m.

• Total store sales in the UK increased 26.7% to NZ$33.2m; Ireland up 27.4% to NZ$12.3m.

• Net comprehensive loss for the period was NZ$(47)k, compared to a profit of NZ$557k last year.

• Net tangible assets per share were (8.68) NZ cents at 30 September 2025.

Outlook and guidance

• Directors expect second-half results to exceed first-half performance as one-off costs are not expected to recur.

• Pipeline of new stores in the UK and Ireland remains strong, with a target of 108 stores by March 2026.

• Long-term goal to reach 300 stores in the UK and Ireland by 2034.

• Expansion into India and continued focus on core UK and Ireland markets.