Fuller’s unveils £30m investment plans as profits rise 28%

Pub chain Fuller’s has reported a 28% increase in adjusted pre-tax profit to £34.6m for the 52 weeks to 28 March 2026, alongside a 4.9% rise in like-for-like sales across its managed estate.

In its latest annual results published today (10 June), the company said total revenue rose 5.7% to £397.8m, up from £376.3m the previous year, while adjusted pre-tax profit increased from £27m in 2025.

Across its managed estate, food like-for-like sales increased 3.5%, drink sales rose 5.8% and accommodation sales were up 4.9%. In its tenanted estate, average earnings before interest, taxes, depreciation and amortisation per pub increased 4.6% to £125,800.

During the year, Fuller’s invested £32.2m across its estate, including 14 refurbishment and development projects.

Simon Emeny, executive chairman, said he was delighted with what had been “another successful year for Fuller’s”, and added that the group’s performance demonstrated that its “underlying profitability continues to improve”.

Looking ahead, Emeny said the business has reported strong advance bookings for the World Cup and increased demand for staycations.

Fuller’s plans to invest more than £30m across its estate over the next year, including the redevelopment of its freehold London Bridge pub, the Barrowboy and Banker, into a 26-bedroom hotel. The project will follow the pub-with-rooms model established at the Counting House in the City of London.

The results come as Fuller’s prepares for a change in senior management. Katie Horner, who joined the business in 2018 and is currently head of finance, will step into the role of chief financial officer later this year, succeeding finance director and executive director Neil Smith, who has indicated his intention to retire by the end of 2026.

Fuller’s operates around 400 pubs and hotels, predominantly across the south of England.

Photo: Kristi Blokhin/Shutterstock