ProCook Group (PROC) Q4 2025 TU earnings summary

Executive summary

• Achieved strong Q4 trading with revenue up 17.8% year-over-year to £15.5m, accelerating momentum throughout FY25.

• Full-year revenue reached a record £69.5m, up 11.0% year-over-year, with like-for-like revenue up 4.9%.

• Outperformed the UK kitchenware market by 10 percentage points in Q4 and 7 points for the full year.

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

Financial highlights

• Q4 retail revenue rose 14.7% year-over-year, with like-for-like growth of 1.9%; new stores contributed 12.8 percentage points.

• Q4 ecommerce revenue increased 23.4% year-over-year, with like-for-like growth of 19.9%.

• Gross margin and underlying EBITDA expected to meet market expectations for the full year.

• Net cash position of £1.0m at year-end, compared to net debt of £0.7m last year, after £4m capex on new stores.

• £17.0m available liquidity in cash and facilities, amended and extended before year-end.

Outlook and guidance

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

• Next scheduled event: FY25 preliminary results to be released on 25 June 2025.