Cooks Coffee reports surge in annual revenue and store sales

LONDON - Cooks Coffee Company (NZX:CCC (WA:CCCP); AQUIS:COOK), an international coffee-focused café chain, announced a significant increase in its financial performance for the fiscal year ending March 31, 2025. The company reported a 49% rise in group revenue, reaching NZ$7.0 million, up from NZ$4.7 million in the previous year. This increase includes NZ$1.0 million in sales from Dairygold stores since mid-December 2024. Excluding Dairygold, net revenue was NZ$6.0 million, a 28% increase from the prior fiscal year.

The company’s EBITDA also saw substantial growth, reaching NZ$1.4 million compared to NZ$336,000 in FY24. In the UK, Cooks Coffee experienced a 38% surge in store sales, totaling NZ$55.6 million, significantly outperforming the industry average of 9%. Similarly, Ireland store sales climbed by 22% to NZ$24.1 million, compared to a 1% industry growth in Ireland.

Cooks Coffee has expanded its presence, with 89 sites in the UK and Ireland as of March 31, 2025, up from 73 the previous year. As of late May, the company operates 93 stores and is progressing towards its goal of 300 stores by 2034.

The company attributes its success to its franchise model, focus on community-driven locations, and commitment to quality, including an emphasis on organic coffee products. The acquisition of the contract to manage cafes within Dairygold garden centers has been a notable milestone for the business in Ireland.

The company also reported a new banking arrangement with the Bank of New Zealand (BNZ), which is expected to normalize debt funding and reduce interest costs, aiding in the repayment of high-cost second-tier debt.

On the operational front, Cooks Coffee has continued to expand, with new store openings in the UK and Ireland. The company also highlighted its global performance, despite a downturn due to store closures and contract endings in the Middle East. However, sales in Jeddah Airport’s main store were up 12.3%, and growth was observed in Portugal and Pakistan.

Post the reporting period, Cooks Coffee signed a Master Franchise Agreement to develop its business in the Indian market, marking a significant step into a rapidly growing market.

In terms of sustainability, the company emphasized its commitment to eco-friendly practices, including sourcing organic coffee and partnering with a Carbon Neutral Gold Standard roastery. It also highlighted its social impact initiatives, such as mental health support events and community engagement activities.

The company’s CEO, Aiden Keegan, expressed confidence in the company’s long-term growth strategy and the momentum they carry into the new financial year.

This report is based on a press release statement from Cooks Coffee Company.

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