Admiral Taverns has reported strong trading for the 53 weeks to 1st June, 2025, underpinned by £31.5m of pub investment over the course of the year.
Admiral Taverns chief executive Chris Jowsey
Underlying operating profit from operations at the company, owned by Proprium Capital Partners, was up 19% at £45.6m for the period. Group turnover was £210.4m.
“Despite challenging wider macro-economic circumstances, we were pleased to deliver the first two acquisitions since our Hawthorn acquisition in 2021, with a further 55 sites added to our portfolio,” said Admiral Taverns chief executive Chris Jowsey.
“The results from the industry’s independent annual tenant survey importantly showed that eight out of 10 of our licensees would recommend Admiral to other Publicans. Our licensee-centric model is vital to the success of the business, and we were delighted to receive this recognition from our licensees.
“As we look to the future, we remain focused on growing our estate of successful, individual wet-led pubs at the heart of their communities. Post year-end, we were delighted to announce the acquisition of 21 pubs from RedCat Hospitality, as we continue to expand our core business and we look forward to working with our new licensees, investing in both our pubs and our people.”
• Process, filling, and packaging technology specialist Krones has reported that it increased revenue by 9.7% to €1,556.4 million in the fourth quarter of 2025 compared to the prior-year quarter.
Over the full year, revenue increased by 7% year on year to €5,663.8 million, continuing its profitable growth path despite challenging conditions.
Krones has made a good start to the 2026 financial year geopolitical risks in Europe, the Middle East, and other parts of the world are a source of uncertainty, as is global tariff policy, which could create a downturn in global trade. Material shortages and problems in global supply chains remain a concern.
Based on the prevailing macroeconomic outlook and the current expected development of the markets relevant to Krones, the company expects consolidated revenue growth, adjusted for currency translation effects, of 3% to 5% in 2026.
• Pre-tax profit at pub operator Heavitree Brewery rose from £1,560,000 to £3,018,000 in the year to 31st October, 2025.
This was due mainly to the sale of a pub – the Locomotive Inn, in Exeter – and an insurance settlement following a fire at another venue, the Jolly Sailor, also in Exeter.
Revenue increased from £7,498,000 to £7,628,000.
“There is an element of repetition in my year-end and interim statements over recent years as I have warned of the many challenges facing pubs and our sector as a whole,” said chairman Nicholas Tucker.
“Although this company has once again ridden the storm and returned a satisfactory set of results for the period, none of the much-reported pressures being felt by our tenants and leaseholders operating our pubs have gone away.”
• Mitchell’s & Butler’s has acquired the Charwood Bar and Grill, in Edinburgh, from a private seller. It will re-open as a Miller & Carter Steakhouse following a major refurbishment.
