ProCook Group (PROC) Q3 2025 TU earnings summary

Executive summary

• Q3 revenue rose 11.2% year-over-year to £25.6m, with like-for-like revenue up 3.4%, continuing a positive trend from previous quarters.

• Retail revenue grew 12.4% year-over-year, supported by new store openings and six consecutive quarters of positive like-for-like growth.

• Ecommerce revenue increased 9.2% year-over-year, with like-for-like growth of 7.1% and additional gains from the relaunched Amazon UK marketplace.

• Five new stores opened in Q3, bringing the year-to-date total to nine, while two smaller stores were closed.

• Management remains confident in achieving medium-term goals of 100 stores, £100m revenue, and a 10% operating profit margin.

Financial highlights

• Q3 total revenue: £25.6m (+11.2% YoY); year-to-date revenue: £54.0m (+9.2% YoY).

• Retail revenue in Q3: £16.0m (+12.4% YoY); ecommerce revenue: £9.6m (+9.2% YoY).

• Like-for-like revenue in Q3: £22.8m (+3.4% YoY); retail LFL: £13.4m (+0.9% YoY); ecommerce LFL: £9.4m (+7.1% YoY).

• Net cash position at quarter end: £1.0m, with available liquidity of £17.0m.

Outlook and guidance

• Performance in Q3 was in line with full-year expectations, benefiting from second-half weighting of revenue and profitability.

• Three additional store openings planned for the remainder of FY25, targeting a total of 12 new stores for the year.

• Management expects continued strategic progress and sustainable growth despite ongoing consumer uncertainty.