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Home UK Craft Beer

Packaging costs affect Theakston profits

Darren Norbury by Darren Norbury
2 June 2026
in UK Craft Beer
Reading Time: 3 mins read
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Yorkshire-based T&R Theakston has reported continued growth in its latest annual report, for the year ending 31st December, 2025.

Theakston bottles

The family-controlled business, which will celebrate its 200th anniversary in 2027, saw turnover increase to £9.2m for the period, an increase from £8.8m in the previous year.

This growth came as the business saw demand for its cask ale continuing to rise, with the brewery noting particular interest in its darker beers, such as Old Peculier and Theakston XB.

Despite the increased turnover, profitability fell, largely as a result of £300,000 of additional packaging taxes. The brewery also continued its cautious approach to price increases as it seeks to protect, as far as it is able, its on-trade customers, who have been affeccted by a number of increased overheads.

With some pubs now charging £10 per pint in London, the sixth generation business remains passionate about the important role that pubs play in their local communities and welcomes that Yorkshire drinkers can still enjoy a pint in their local for around half of that.

Owing to its pricing considerations and increased packaging costs, the brewery recorded a pre-tax profit to £76,000, down on the £271,000 profit of the previous year.

Throughout 2025, the business not only saw increased consumer demand for its cask ale brands through the on-trade, but also strong growth in the off-trade for its premium bottled ales.

Cask ale volumes in the on-trade grew by 3%, led by the iconic Old Peculier brand and Theakston XB. New products, led by Nowt Peculier 0.0% and Theakston’s Salted Caramel Porter, both launched into the off-trade over the period, proving popular with both trade buyers and consumers.

“We’re pleased to report another year of growth,” said managing director Richard Bradbury. “These results highlight that our continued commitment to producing high-quality beer, supporting our pub customers, and listening to our consumers, is having a positive impact on our business.

“While our pre-tax profit may have decreased, the majority of this is the result of increased packaging taxes. It is also reflected in our ongoing work to minimise the cost pressures on our pub customers and their consumers, by ensuring price increases are kept as low as possible so that we all remain profitable and sustainable in this difficult economic environment.”

Theakston XB

The year saw increased capital investment into the brewery, which included a investment in solar energy to reduces its exposure to increases in energy prices.

The brewery has had a successful start to 2026, securing new listings for Nowt Peculier 0.0% in 285 Morrisons stores nationwide, as well as increased distribution regionally via Co-Op. The brewery’s newest product, Theakston’s Salted Caramel Porter, is also being stocked nationally in Morrisons stores, as well as Tesco and Co-Op regionally.

It has also announced four new appointments to its sales team, bringing the total number of new roles created by the brewery since the pandemic to 18.

Richard added: “Despite the economic headwinds that have been synonymous with this decade, we retain a positive outlook for the business for both this calendar year and looking forward longer term to our third century of brewing legendary beers.

“Our continued success remains grounded in consistently excellent beer quality and growing revenue through strong brand equity and a broadening of our customer base.

“We look forward to celebrating our bicentenary in 2027 with everyone from our drinkers to suppliers, employees to customers, who have all played a key part in helping T&R Theakston become a 200-year-old, family-run, independent brewery.”

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