ProCook Group (PROC) Q2 2025 TU earnings summary

Executive summary

• Achieved strong trading momentum in Q2 FY25, with total revenue up 8.8% year-over-year to £17.0m.

• Both retail and ecommerce channels delivered positive like-for-like growth, with ecommerce up 12.2% and retail up 7.1%.

• Continued expansion of the store network, with four new stores opened in H1 and six more legally committed for H2.

• Strategic focus on accelerating profitable growth and expanding product range, including new electricals and upcoming coffee machines.

Financial highlights

• Q2 FY25 revenue reached £17.0m, up 8.8% year-over-year; H1 FY25 revenue was £28.3m, up 7.5%.

• Like-for-like revenue grew 4.7% in Q2 and 4.2% for H1.

• Net debt at H1 end was £4.2m, up from £3.2m in H1 FY24, due to increased inventory for supply chain resilience.

• Available liquidity stood at £11.8m at the end of H1.

Outlook and guidance

• On track to open ten new stores in FY25, with majority of remaining six to open before peak trading season.

• Confident in achieving medium-term goals: 100 stores, £100m revenue, and 10% operating margin.

• Well positioned for peak trading with strong inventory and enhanced Black Friday and Christmas campaigns.