Caffè Nero's pre-tax loss widens to £41.3m in FY2025

The decline was driven by £8.5m higher finance costs and a larger non-cash IFRS 16 charge.

Caffè Nero Group Holdings reported a pre-tax loss of £41.3m for the year ended 31 May 2025 (FY2025), worsening from a £34.4m loss the previous year.

The decline was mainly due to higher finance costs of £8.5m, linked to increased borrowings and a higher average interest rate, as well as a larger non-cash IFRS 16 charge.

Group revenue rose 13% to £587.6m, with like-for-like sales up 6.6% across all brands and markets. The first and last quarters of the year were especially strong.

The growth reflected strong same-store sales, the full-year contribution from 61 stores opened in FY2024, revenue from 62 stores opened in FY2025, and the addition of 32 stores acquired through 200 Degrees and FCB.

Operating profit increased modestly to £32.3m from £30.4m, despite a £10.2m rise in Brand EBITDA, due to a £9.8m non-cash impairment charge from revised accounting estimates on individual store performance.

Brand EBITDA rose 20% to £60.2m, supported by like-for-like sales growth, new stores, acquisitions, and cost control.

At year-end, the Group operated 1,140 stores across six brands—Caffè Nero, H+H, Coffee #1, 200 Degrees, FCB, and Aroma—in 11 countries.