Cooks Coffee Company (CCC) H2 2025 earnings summary

Executive summary

• Group revenue increased 43% to NZ$6.7m for FY25, with total franchisee store sales in UK & Ireland up 36% to NZ$79.6m compared to FY24.

• EBITDA (excluding impairment loss) rose to NZ$1.324m from NZ$0.336m in FY24; net profit from continuing operations was NZ$813,000 versus a loss of NZ$356,000 last year.

• UK store sales grew 35% in local currency (45% in NZD terms), outpacing the industry average of 9%; Ireland store sales rose 22% against industry growth of 1%.

• Store network expanded to 89 sites in UK and Ireland, a 19% increase year-over-year, with net store growth of 18% in UK and 20% in Ireland.

• New banking arrangement with BNZ enabled full repayment of high-cost debt, reducing interest costs.

Financial highlights

• Revenue: NZ$6.7m, up from NZ$4.7m in FY24; like-for-like revenue (excluding Dairygold) up 22.1%.

• EBITDA (excluding impairment): NZ$1.324m (FY24: NZ$0.336m).

• Net profit from continuing operations: NZ$813,000 (FY24: loss of NZ$356,000); total comprehensive profit: NZ$581,000.

• Cash and cash equivalents at year-end: NZ$2.686m (FY24: NZ$1.174m).

• Total equity: negative NZ$2.891m, improved from negative NZ$4.001m last year.

Outlook and guidance

• FY26 has started strongly, with seven new UK stores opened in the first 11 weeks and like-for-like UK sales up 3.4%.

• Ireland systemwide sales for the first 11 weeks of FY26 are 23% ahead of last year, with like-for-like sales up 6.8%.

• Targeting over 300 stores in UK & Ireland by FY34, maintaining current growth rate.

• Positive cash inflow of NZ$2.843m projected for FY26; further master franchise sales expected to contribute to cash flow.