Thwaites FY turnover rises 4.4% to £120.6m
Net debt at the brewer and pub operator stood at £71.4m, slightly up from £70.8m the previous year due to continued investment in the company’s estate
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Daniel Thwaites has reported that its turnover rose 4.4% to £120.6m in the year to 31 March 2025, with operating profit before property disposals also rising 4.4% to £11.8m.
However, net debt at the brewer and pub operator stood at £71.4m, slightly up from £70.8m the previous year due to continued investment in the company’s estate.
During the year, the company acquired the Buck Inn in Malham, near the Lister Arms, which it already operates. According to Daniel Thwaites, the deal would allow it to offer “differentiated propositions” in a popular tourist destination in the Yorkshire Dales.
By the year’s end, capital investment totalled £14.7m, down from the £18.3m recorded in the prior year, while three pubs and two ancillary properties were sold for £2.1m.
The group also announced that Susan Woodward, company secretary since 2004, has officially retired after 46 years with Thwaites.
Meanwhile, Kevin Georgel, chief executive of St Austell Brewery and a former chair of the British Beer and Pub Association (BBPA), joined the board as a non-executive director on 1 June.
According to Daniel Thwaites chairman, Richard Bailey, the company had delivered a “robust performance” over the year and was in “excellent shape for the future”.
Looking ahead, Bailey warned of pressure from tax rises and rising wage costs, saying the sector remained “over-taxed”.
That said, he added that interest rate cuts and stronger business activity offered grounds for optimism.
