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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Marston's (MARS) investor relations material
Marston's Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary8 Oct, 2025
Executive summary
Underlying profit before tax is expected to surpass market expectations, marking a second consecutive year of significant profit growth after a 65% uplift in FY2024.
Sustained margin expansion achieved through operational efficiencies and a market-leading pub operating model.
Recurring free cash flow exceeded the £50 million target, achieved ahead of schedule.
Like-for-like sales grew 1.6% year-over-year, outpacing the total market.
Financial highlights
Underlying EBITDA margins are expected to increase by over 100 basis points year-over-year.
Year-end net debt (pre-IFRS 16) to EBITDA now below 5x, reflecting improved profitability and a strong asset base.
Outlook and guidance
Accelerated capital expenditure programme planned for FY2026, with a significant increase in pub format refurbishments.
Strategic priorities and disciplined execution position the business for continued financial and strategic progress.
What is the target number of FY26 refurbishments?
Detail key drivers of margin expansion?
How will new broker broaden investor base?
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Eferix Drawings Google Play
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Frequently asked questions
Marston's PLC is engaged in the brewing, wholesaling and supply of beer to licensed premises in the United Kingdom. The Company distributes, supplies and sources beer to public houses, hotels and restaurants. The Company’s brands include Marston’s Pedigree, Banks's and Ruddles. The company was founded in 1834 and is based in Wolverhampton, the United Kingdom.
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