Young’s Pubs has seen its revenue jump by 7.4% in the year to 1 April to £388.8m, following on from the acquisition of City Pubs Group in the 2024 financial year.

The £158m acquisition, which was completed in March, has been described as a "real milestone" for the firm, stating that it contributed £7.2m in revenue and an EBITDA of £1.7m in the four weeks of ownership in the period.

Alongside this deal, the firm stated that it had acquired a further eight pubs, had made “further investments in our existing estate" and had upgraded its technology to "enhance the customer experience and realise productivity gains".

In its results, Young’s recorded an EBITDA increase of 7,8%, totalling £92.2m, while also boasting a jump on operating profit of 9.4%, increasing to £57.3m.

Furthermore, the firm hit a record profit before tax total, reaching £49.4m, which is a 9.3% increase year-on-year.

Chief executive at Young's, Simon Dodd, said: "In a landmark year for Young's, we have reported another excellent financial performance with industry leading profitability. This is once again testament to the excellent work and energy of our teams and our proven strategy of operating premium, individual, differentiated and well-invested pubs and bedrooms."

"We were delighted to complete on our acquisition of The City Pub Group in March, a real milestone for Young's. We welcome the City team to the Young's family and respect the many initiatives that have brought them so much success. I look forward to working with the talented teams to evolve the business over the coming years."

"Our investment for future growth didn't stop with The City Pub Group acquisition, during the period we acquired eight great pubs, made further investments in our existing estate, and upgraded our technology to enhance the customer experience and realise productivity gains."

Looking ahead, Young’s said that its total sales for the nine weeks at the start of 2025 financial year had jumped by 24.4%, with the inclusion of City Pub Group, while like-for-like sales were also up by 2.4%.

The firm added that it expects its net debt to adjusted EBITDA ratio to fall back to more historical levels by the end of the 2025 financial year, once a full year of the additional EBITDA from the City Pub Group acquisition is included.

Dodd added: "Looking ahead, we face some challenges, but there is plenty for us to be excited about this year. We are heading into a feast of summer sporting events, starting with Euro 24, Wimbledon and the Olympics. Then we look forward to making the most from the return of the autumn rugby internationals which provides a fantastic opportunity given our rugby heritage.

"Our belief in Young's long-term growth potential remains as good as ever, and we are confident of our performance in the year ahead."

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