REG - Cooks Coffee Company - Trading Update

Cooks CoffeeAnnouncement

10/04/2025 07:00

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RNS Number : 2954E  Cooks Coffee Company Limited  10 April 2025

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)                  keith.jackson@cookscoffeecompany.com

 Aiden Keegan (Chief Executive)
                                                     +44 (0) 7980 608 440 (UK)

                                                     aiden@esquirescoffee.co.uk

                                                     +44 (0) 20 3934 6630 (UK)
                                                     ukinvestorrelations@cookscoffeecompany.com
                                                     (mailto:ukinvestorrelations@cookscoffeecompany.com)

 IFC Advisory Limited (Financial PR & IR)            +44 (0) 20 3934 6630
 Tim Metcalfe, Graham Herring,                       cookscoffee@investor-focus.co.uk (mailto:cookscoffee@investor-focus.co.uk)

 Florence Chandler

 Oberon Capital (AQSE Corporate Adviser and Broker)  +44 (0) 20 3179 5300
 Nick Lovering, Adam Pollock, Mike Seabrook

 

 

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