Shepherd Neame saw an increase in pub sales but a decrease in sales of premium bottled ales in the 26 weeks to 28th December, 2024.
Revenue for the period was £85m, down from £89m in the first half of the year. Statutory profit before tax grew to £4.3m, while underlying profit before tax was up 9.9% to £4.2m. Underlying EBITDA grew by 8.6% to £13m, up from £12m in the first half of 2024.
The brewer and pub company experienced encouraging like-for-like growth, with a particularly strong performance within the M25.
Profits in brewing and brands were up, but volumes were down as the company shifted its focus away from low-priced off-trade volume towards local on-trade.
“We have delivered a strong H1 in a challenging market,” said Shepherd Neame chief executive Jonathan Neame. “The additional costs imposed on our sector are most unwelcome, but the business model is flexible and we can adapt to the new circumstances.
“We have an excellent pub estate and our beer business is evolving to meet current consumer tastes and trends.”
