Revel Collective FY25 revenues fall amid tough trading conditions

The Revel Collective has reported a fall in revenues to £117.1m for the year to 28 June 2025, down from £149.5m in the previous year.

On a like-for-like basis, group revenues declined 7.9% to £113.2m, compared with £122.9m in financial year 2024.

Despite the wider downturn, the group’s Peach Pubs division recorded like-for-like revenue growth of 2.0% year-on-year.

The operator of the Revolution, Revolución de Cuba and Peach Pubs brands said that the first half of the financial year was affected by weak consumer sentiment and broader market challenges. 

The second half showed some improvement, supported by internal initiatives including a refreshed brand proposition for Revolution.

In a trading update issued in January 2025, the group forecast adjusted EBITDA under IAS 17 in the range of £2.0m to £4.0m. The board stated that it remains confident of achieving the lower end of that guidance.

It added that discretionary spending and capital investment will be tightly controlled, which may limit site conversion opportunities in the short term.

Rob Pitcher, chief executive, said: “Guests in our bars continue to face cost challenges and the late-night sector remains challenging for many participants. Although the macro environment remains tough, I am pleased that the initiatives and steps taken during the early part of FY25 are starting to generate small improvements for the group.

“Whilst it is still early days, we are also encouraged to see some evidence of additional spending from the key demographics positively impacted in the National Minimum Wage changes that became effective in April 2025.”