Young & Co.'s Brewery (YNGA) Trading update summary

Trading performance

• Total revenue rose 10.4% for the 26-week period, with like-for-like sales up 6.4% and the last 13 weeks up 7.9%.

• Strong summer trading driven by exceptional weather and major sporting events, especially in pubs with gardens or riverside locations, where like-for-like sales increased by 7.5%.

• Extended opening hours during the FIFA World Cup further boosted sales across the estate.

Strategic initiatives

• Continued focus on operating premium, well-invested pubs for sustainable long-term growth.

• Completed integration of Cubitt House London Pubs, enhancing performance through their teams and culture.

• Used strong balance sheet for selective acquisitions and share buybacks to deliver attractive returns.

• Achieved a key milestone by moving from AIM to the Main Market of the London Stock Exchange in April.

Outlook

• Full-year trading is now expected to be ahead of current market expectations due to robust first-half results.

• Premium estate continues to outperform despite sector headwinds.