Marston's PLC (GB:92IP)
LSE:92IP
Earnings Data
Report Date
May 19, 2026TBA (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a clearly positive operational and financial story: strong profit growth (PBT +71%), margin expansion (+140bps), exceeded recurring free cash flow targets (GBP 53.2m), successful format tests (31 launches, +23% revenue uplift, >30% EBITDA returns) and tangible deleveraging (net debt-to-EBITDA down to 4.6x). Key risks noted include reported revenue being flat after disposals, elevated leverage that remains above the sub-4x target, higher ongoing CapEx, cash tax stepping up in FY26, and limited headroom as free cash is absorbed by scheduled debt repayments. On balance, the positive delivery on targets, strong cash generation and credible growth initiatives outweigh the near-term constraints and execution risks.Company Guidance
Strong Profit Growth
Underlying profit before tax of GBP 72m, up 71% year-on-year (nearly 3x the level two years prior), driven by higher EBITDA and lower finance costs.
EBITDA Increase and Margin Expansion
EBITDA of GBP 205m, up ~7% (6.5% cited); EBITDA margin expanded by 140 basis points to 22.8% (progress toward CMD target range).
Recurring Free Cash Flow Above Target
Recurring free cash flow of GBP 53.2m, up 22% year-on-year and ahead of the GBP 50m CMD target (delivered earlier than planned).
Like-for-like Revenue Outperformance
Total revenue reported at GBP 898m (broadly flat year-on-year), with like-for-like sales up 1.6%, ahead of market growth of 0.7%.
Successful Pub Format Conversions
31 format launches in FY25; average revenue uplift from conversions of 23% year-on-year and EBITDA returns >30% to date at an average cost of GBP 260,000 per site (strong ROIC).
Operational Productivity and Cost Savings
Labor productivity delivered nearly GBP 10m of savings (offsetting NLW/NIC increases), plus improved food/drink margins and energy savings contributing to margin gains.
Deleveraging Progress
Net debt (ex leases) reduced by GBP 46.2m to GBP 837.5m; net debt-to-EBITDA (ex leases) reduced to 4.6x from 5.2x as the group continues to delever and commits to a sub-4x target for resumption of shareholder returns.
Estate and Per-site Performance
Estate of 1,328 pubs (1,182 managed & partnership, 146 T&L); EBITDA per pub increased to GBP 154k, a 28% improvement over the last two years.
Balance Sheet and NAV Improvement
Net assets rose by GBP 136m (21% year-on-year) to GBP 791m, with net asset value per share increasing to GBP 1.25; property assets underpinning balance sheet GBP 2.2bn (81% effective freeholds).
Operational KPIs and Guest Experience
Record guest reputation score of 816 (up from 800 last year and 766 in 2023); digital order & pay app delivering ~10% revenue uplift for users and better reputation at higher adoption pubs.
GB:92IP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:92IP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 25, 2025 | 90.00 p | 90.00 p | 0.00% |
May 13, 2025 | 95.00 p | 95.00 p | 0.00% |
Dec 03, 2024 | 95.00 p | 95.00 p | 0.00% |
May 14, 2024 | 95.00 p | 95.00 p | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marston's PLC (GB:92IP) report earnings?
Marston's PLC (GB:92IP) is schdueled to report earning on May 19, 2026, TBA (Not Confirmed).
What is Marston's PLC (GB:92IP) earnings time?
Marston's PLC (GB:92IP) earnings time is at May 19, 2026, TBA (Not Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Marston's PLC stock?
The P/E ratio of Marston's is N/A.
What is GB:92IP EPS forecast?
Currently, no data Available