FY25 Trading Update

YOUNG & CO.'S BREWERY, P.L.C.

("Young's")

FY25 TRADING UPDATE

STRONG FINISH TO FY25; POSITIVE MOMENTUM INTO FY26

Young's, the premium operator of pubs and bedrooms in London and the South of England, announces a trading update for the 52 weeks ended 31 March 2025.

Young's has traded well through the financial year, with total managed revenue, which includes both Young's and City Pubs, for the 52-week period up 25.4%, and like-for-like sales up 5.7%. The positive momentum reported in January has continued, and in the 13-week period ending 31 March, like-for like sales were up 7.7%, and total managed revenue increased by 16.2%. As a result, trading for the full year was in line with expectations.

This strong performance, which has been delivered against widespread challenges facing the sector is testament to Young's proven strategy and its commitment to continuous investment in its premium estate.

While mindful of ongoing headwinds impacting the sector, this performance, coupled with encouraging trading since the start of the new financial year and Young's ongoing focus on operating a premium and well invested estate, gives confidence in performance for the year ahead.

Simon Dodd, CEO of Young's, commented:

"We achieved a huge amount during the past financial year, and I am extremely pleased with this performance. We delivered it against a challenging backdrop, which was characterised by unpredictable British weather and prolonged economic uncertainty driven by political turbulence through the year.

"Our performance demonstrates the strength and resilience of our premium estate, coupled with the work of our phenomenal teams. Together, these factors have enabled our business to continue to thrive and we remain confident in our ability to deliver profitable growth."

For further information, please contact:

Young & Co.'s Brewery, P.L.C. 020 8875 7000

Simon Dodd, Chief Executive Officer

Michael Owen, Chief Financial Officer

MHP Group

Tim Rowntree/Eleni Menikou/ Charles Hirst 07770 753 544

Peel Hunt (NOMAD and joint broker)

George Sellar/Andrew Clark 020 7418 8900

Stifel (joint broker)

Erik Anderson/Francis North/Orme Clarke 020 7710 7600