Cooks Coffee Company (CCC) H2 2025 earnings summary

Executive summary

• Group revenue rose 43% to NZ$6.7m for FY25, with like-for-like revenue up 22.1% excluding Dairygold sales.

• Net profit from continuing operations was NZ$813,000, reversing a prior year loss; total comprehensive profit was NZ$581,000.

• Store network expanded to 89 sites in the UK and Ireland, up 19% year-over-year, with UK and Ireland store sales outpacing industry averages.

• New banking arrangement with BNZ reduced interest costs and enabled repayment of high-cost debt.

Financial highlights

• EBITDA (excluding impairment) increased to NZ$1.324m from NZ$0.336m year-over-year.

• Cash and cash equivalents at year-end were NZ$2.686m, up from NZ$1.174m.

• Net liabilities improved to NZ$(2.891)m from NZ$(4.001)m the previous year.

• Basic and diluted EPS from continuing operations was 1.30 NZ cents, compared to a loss of 0.61 NZ cents last year.

• No deferred tax asset recognized on NZ$21.3m of tax losses due to insufficient evidence of sustained profitability.

Outlook and guidance

• FY26 has started strongly, with seven new UK stores opened in the first 11 weeks and like-for-like sales up 3.4% in the UK and 6.8% in Ireland.

• Targeting over 300 stores in the UK and Ireland by FY34, maintaining above-industry growth rates.

• Positive cash inflow of NZ$2.843m projected for FY26.