1st Sep 2025 11:22
(Alliance News) - XP Factory PLC on Monday reported "another successful period of development" as it posted an improved topline, and expressed optimism for the new financial year.
The London-based leisure and entertainment company reported revenue of GBP57.8 million for the financial year that ended March 31, compared to GBP57.3 million in the 15-month period that ended March 31 2024.
The pretax loss was GBP1.2 million, widening from GBP539,000. XP Factory changed its accounting reference date during the period to March 31 from December 31.
Looking at 12-month comparisons, revenue was up 19% from GBP48.6 million in the year to March 2024.
XP Factory attributed the top line gain to positive like-for-like growth in both the Boom Battle Bar and Escape Hunt brands, combined with new site openings and acquisitions of former Boom franchise sites.
Escape Hunt owner operate site revenue rose 6.8% during this period to GBP14.2 million from GBP13.3 million, while Boom Battle Bar owner operated revenue jumped 29% to GBP42.2 million from GBP32.7 million.
Site level pre IFRS 16 earnings before interest, tax, depreciation and amortisation were GBP15.2 million, up 16% from GBP13.1 million in the 12 months to March 2024.
Shares in XP Factory were down 1.9% at 9.56 pence on Monday morning in London.
Looking ahead, XP Factory said the growth potential within the experiential leisure industry "continues to be attractive."
While the business did acknowledge the headwinds tied to the UK government's budget measures announced back in October last year, XP Factory noted that "a number of the weaker competitors are struggling", with the company "well placed to capitalise on the changes and to continue to expand."
In the UK government's October budget, Chancellor Rachel Reeves increased employers' national insurance contributions to 15% and raised the UK National Living Wage to GBP12.21 per hour, with these policies taking effect in April.
XP Factory said it is "cautiously optimistic" of hitting market expectations for the full-year, as it noted positive corporate bookings momentum in the fourth quarter of the calendar year.
"The year to March 2025 represents another successful period of development for XP Factory, with underlying operating metrics showing continued positive improvement," said Chief Executive Richard Harpham.
"Whilst the business is having to cope with increased costs from government policy and a challenging first quarter has posed operational challenges, we have made significant progress towards our strategic goals and remain resolute in pursuit of success," continued Harpham.
By Christopher Ward, Alliance News reporter
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