Cooks Coffee Company (CCC) H1 2026 earnings summary

Executive summary

• Group revenues rose 111% year-over-year to NZ$5.77m, driven by managed store growth in Ireland, new partnerships, and strong UK performance.

• Net profit before tax from continuing operations was NZ$0.068m, down from NZ$0.53m last year, reflecting one-off costs.

• Store network expanded to 100 in UK & Ireland by report date, with further growth planned.

• Strong 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

• Group EBITDA was NZ$0.61m, compared to NZ$0.81m last year (normalized EBITDA down 5%).

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

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

• 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, as one-off costs are not expected to recur.

• Pipeline of new stores in UK & Ireland remains strong, with 108 stores targeted by March 2026.

• Target of 300 stores in UK & Ireland by 2034 remains in place.

• First stores in India expected to open before year-end; further international expansion planned.