FY26 Trading Update

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

("Young's")

FY26 TRADING UPDATE

STRONG PERFORMANCE IN LINE WITH EXPECTATIONS FOR 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 30 March 2026.

Trading

Young's delivered another strong performance in FY26, with total managed house revenue up 4.6% for the 52-week period, alongside an increase of 4.7% in like-for-like sales. As such, trading for the full year is expected to be in line with management's expectations.

This positive performance, which has been delivered against considerable and well publicised challenges facing the sector, is testament to Young's proven strategy and its commitment to making continuous investments in its premium estate.

While we remain mindful of ongoing macroeconomic uncertainty, including volatile energy costs and the associated potential impact on consumer discretionary spending, Young's consistent strategy of operating a premium, well-invested managed pub estate, alongside its extensive hedging programme, leaves it well-positioned to withstand ongoing uncertainty and deliver profitable growth for the year ahead. 

Cubitt House acquisition

On the 8 April 2026, Young's announced an agreement to acquire Cubitt House London Pubs, a collection of eight pubs, of which three have bedrooms. Located in some of London's most affluent neighbourhoods, the acquisition aligns perfectly with our strategy to selectively expand our business. The acquisition completed on 22 April and we are now embarking on a period of integration as we get to know further its exceptional teams and its unique culture, which has ultimately underpinned its success.

Simon Dodd, CEO said:

"Our proven strategy of operating premium, well-invested pubs continue to deliver strong resilient results. Another year of strong performance demonstrates that, even amid ongoing pressures and uncertainty, customers continue to choose Young's pubs, consistently attracted by the quality of our offer and the environments created by our brilliant teams.

The acquisition of Cubitt House further demonstrates this strategy. We are delighted to welcome this exceptional collection of pubs and their teams to the Young's family as we enter a new era on the Main Market of the London Stock Exchange."

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