AGM Trading Update

Bow Street Group (AIM: BOW), the owner and operator of "Wildwood" and "dim t" restaurants, is pleased to provide the following trading update for the first four and a half months to 17 May 2026 (the "year to date") ahead of its Annual General Meeting being held today at 10:00am.

Group revenue for the quarter to date (7 weeks to 17 May 2026) has continued to increase on a like-for-like basis in line with the first quarter of the current financial year as announced on 15 April 2026. The investment in improving the Wildwood estate has continued with four restaurants refurbished during the first quarter of this year, all of which are showing significant revenue growth. In addition, the refurbishment of the Salisbury Wildwood restaurant has recently been completed with three further Wildwood restaurants due to be refurbished within the coming weeks.

As part of the latest refurbishment projects, the Group has commenced improvement works on its restaurant networking infrastructure, benefiting user experience and efficiency. This month also sees the trial of the Group's new data dashboarding system and AI driven reporting, equipping its operations team with up-to-date trading and cost trends.

A new menu was introduced across all Wildwood restaurants on 13 May 2026, following a successful trial in a select number of restaurants earlier this year. The business has introduced a new specials menu and a wider choice of non-alcoholic beverages, in keeping with the wider industry trends. A similar menu refresh is now underway for our three dim t restaurants with a new menu launch planned ahead of the summer.

The Group continues to monitor the impact of the war in the Middle East on its costs and consumer spending. The team is also monitoring for the potential opportunity from increased staycation footfall over the summer as a result, inter alia, of higher jet fuel costs.

The Group has positive revenue growth and improving morale within the business. We are also beginning to benefit from the wide range of operational improvements and the site-by-site investment in the fabric of the business. These measures will ensure that Wildwood and dim t are well positioned and ready to face the many challenges being presented to our sector.

The Board remains confident that Bow Street Group is a highly attractive platform for exciting restaurant brands, offering structural benefits of scale, operational synergies and attractive incentivisation plans for entrepreneurial management teams. The Group remains in active discussions with several acquisition opportunities and looks forward to enhancing the Group's growth prospects through acquisitions. The Board is optimistic of completing of one or more of these acquisitions during the Group's current financial year.

David Page, Executive Chairman of Bow Street Group, commented:

"Trading in the first few months of the year has been encouraging, with continued like-for-like revenue growth and a positive customer response to our investments across the estate. The refurbished Wildwood restaurants are performing well, and the new menu, specials and broader drinks range are strengthening our customer proposition."

"While the consumer environment remains challenging, we are seeing clear benefits from the operational improvements and targeted investment being delivered across the business. We remain focused on improving the performance of our existing restaurants while progressing discussions with exciting potential acquisition targets."

Nick Naylor / James Reeve - Corporate Finance Jos Pinnington - Sales and Corporate Broking

Alex Brennan / Harry Griffiths / Jackson Redley