Fuller, Smith & Turner (FSTA) Trading update summary

Trading performance

• Like-for-like sales for the year to date increased by 5.3%.

• The Christmas and New Year season saw like-for-like sales growth of 8.2% compared to the previous year.

• Strong growth momentum was maintained in both sales and profitability.

Capital allocation and investment

• Completion of a one million 'A' share buyback is expected within days.

• Approval granted for an additional buyback of up to one million 'A' shares to begin after the current programme.

• Ongoing capital investment includes several new schemes scheduled for the final quarter of the financial year.

Operational highlights and outlook

• Exceptional team performance contributed to a successful Christmas trading period.

• The estate includes 184 managed pubs and hotels with 1,011 bedrooms, and 153 tenanted inns.

• Full year results for the 52 weeks to 28 March 2026 will be announced on 10 June 2026.