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Cake Box (CBOX) investor relations material

Cake Box H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary12 Nov, 2024

Executive summary

  • Revenue increased 4.3% to £18.7m, profit after tax up over 16%, and interim dividend rose 17.2% to 3.4p per share.

  • Franchise sales rose 7.6%–8.1%, with like-for-like sales up 2% and online sales up 16.6%, now over 22% of franchise store sales.

  • Seven new stores opened in H1, with management expecting to exceed 25 new openings for the year.

  • Customer database grew 40%, and loyalty scheme launched, reaching 63,000 subscribers.

  • Brand awareness and online visits up 8% and 40% respectively, with SMS subscriptions up 48%.

Financial highlights

  • Group revenue up 4.3% year-over-year to £18.7m; gross profit up 11.5% and gross margin up 350 bps to 53.8%.

  • EBITDA rose nearly 12% to £3.5m; profit after tax up 16.4%; basic EPS up 16.4% to 5.18p.

  • Net cash position at £5.6m after CapEx, dividends, and land purchase; cash at bank £6.7m.

  • Interim dividend of 3.4p per share to be paid on 12 December 2024.

  • Free cash flow conversion declined due to working capital investment.

Outlook and guidance

  • Entered H2 with strong momentum; October franchise sales up 9.9% and like-for-like sales up 4% year-over-year.

  • Online sales in October up 23%, now 23.9% of franchise store sales.

  • On track to exceed 25 new store openings for the year and confident in meeting market expectations.

  • Focus on customer loyalty, multi-channel growth, and evaluating acquisitions.

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Frequently asked questions

Cake Box Holdings Plc operates a chain of retail outlets specializing in egg-free cakes and desserts. The company designs and sells celebration cakes for birthdays, weddings, and other events through franchised stores and an e-commerce platform. It serves customers throughout the United Kingdom. The company is headquartered in Enfield, United Kingdom, and its shares are listed on the AIM.

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