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10 Apr 2025 07:00
10 April 2025
Cooks Coffee Company Limited
("Cooks Coffee", the "Company" or the "Group")
Trading Update
Cooks Coffee Company (NZX:CCC; AQUIS:COOK), the international coffee focused café chain, is pleased to provide a trading update, covering the Company's Esquires (The Organic Coffee Company) branded franchised coffee focused systemwide stores in the UK & Ireland for Q4 and the financial year ended 31 March 2025.
Highlights
· Q4 Group store sales up 35% to £9.5m (2024: £7.1m) reflecting strong trading momentum
· Full year Group store sales of £35.1m up 26.4% compared to a 53 week trading year in 2024
· Continued growth in operating cash flow as a result of increased demand and strength of estate
· 89 Group sites in the UK and Ireland as at 31 March 2025, up from 75 at 31 March 2024
· Strong pipeline of new stores anticipated in the UK with additional geographies being explored
During the period, Esquires was awarded the 2025 EU Business Irish Enterprise Award for Organic Coffee Shop Enterprise of the Year which recognised its commitment to sustainability and its dedication to providing high-quality organic coffee across Ireland and the UK.
In addition, the Group has announced the refinancing of its Group debt with Bank of New Zealand to repay or refinance all existing debt. The improved debt facility significantly reduces the Group's ongoing finance costs and provides further funding to support the Group's ongoing operations and strategic initiatives.
Aiden Keegan, CEO of Cooks Coffee Company, said: "We are delighted to report another strong period of trading across our entire estate which continues to grow. The strong performance in Q4 is particularly pleasing as this has been recorded against a challenging macro economic background and we are delighted that that our strength of offering continues to remain desirable. We maintain our commitment to have more than 100 stores operating in the UK and Ireland by the end of this calendar year. As a result of the anticipated growth in our estate, the Group's healthy balance sheet and the strong trading momentum, we are confident about the future prospects of the Group and view the future with optimism."
Enquiries:
Cooks Coffee Company Limited | +64 21 702 509 (New Zealand) |
Keith Jackson (Executive Chairman) Aiden Keegan (Chief Executive) | keith.jackson@cookscoffeecompany.com |
+44 (0) 7980 608 440 (UK) aiden@esquirescoffee.co.uk
+44 (0) 20 3934 6630 (UK) | |
ukinvestorrelations@cookscoffeecompany.com | |
IFC Advisory Limited (Financial PR & IR) | +44 (0) 20 3934 6630 |
Tim Metcalfe, Graham Herring, Florence Chandler
| cookscoffee@investor-focus.co.uk |
Oberon Capital (AQSE Corporate Adviser and Broker) | +44 (0) 20 3179 5300 |
Nick Lovering, Adam Pollock, Mike Seabrook |
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