Admiral Tavern shrugs off pub sector strife with strong full-year growth

Admiral Taverns reported a 13% jump in underlying EBITDA in the 53 weeks to June 1 2025 to £68.9m, bolstered by an 8% rise in group turnover to £210.4m.

The wet-led pub group, which is owned by real estate private equity firm Proprium Capital Partners, also returned to profit during the year – delivering a pre-tax profit of £2m compared to a £4.7m loss the previous year.

The group’s underlying profit rose 19% during the year to £45.6m as Admiral grew its estate to 1365 pubs, spurred by £31.5m worth of investment across its leased & tenanted and operator managed portfolios.

During the year Admiral Taverns made its first acquisitions since 2021 – most recently acquiring 21 pubs from RedCat Hospitality in November alongside the previous acquisitions of 37 pubs purchased from Fuller’s and 18 acquired from Marston’s in 2024.

Chief executive Chris Jowsey said the group was pleased to have made these acquisitions during its financial year “despite challenging wider macro-economic circumstances.”

He also welcomed the Government’s business rates reform for pubs as “the first step in a longer-term permanent overhaul of the unfair business rates system.”