Young & Co's Brewery 'A' Shares

YNGA · Main Market · Travel and Leisure · mcap £596m · 1034.0p

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Financials · balance sheet 30 Mar 26 · last twelve months · today’s market value

Source: results 21 May 26 ↗

⚠ Market value uncertain: price × shares in issue gives £390.8m, other sources £596.2m – a change in the share count (tender offer, consolidation) may be missing. Ratios on the market value are uncertain.

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £390.8m ⚠
Owner’s net cash: −£225.7m
Net cash / market cap: -58%
EV ex leases: £619.5m
Revenue: £508.2m
Operating profit: £59.3m
Free cash flow after leases: £64.5m
EV / EBIT: 10.4×
FCF yield: 16.5%
Price / tangible book: 0.55×
ROCE: 5%
Net income (owners): £28.0m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Trading update 30 Sep 26ahead4 figures since the last report

First half revenue up 10.4%, like-for-like sales up 6.4%; full year expected ahead of market expectations.

Total revenue growth	10.4%
Like-for-like sales growth (26 weeks)	6.4%
Like-for-like sales growth (last 13 weeks)	7.9%
Like-for-like sales growth (pubs with gardens/riverside)	7.5%

As stated by the company, unaudited. Read it →

Latest report: FY Mar 26 (twelve months to 30 Mar 26), published 21 May 26 · read the results ↗

Source ↗

	2026 52 weeks £m	2025 52 weeks £m
Revenue	508.2	485.8
Operating costs before adjusting items	(436.9)	(414.4)
Adjusted operating profit	71.3	71.4
Adjusting items	(12.0)	(33.5)
Operating profit	59.3	37.9
Finance costs	(18.0)	(19.9)
Finance (charge)/income for pension obligations	(0.2)	0.1
Profit before tax	41.1	18.1
Income tax expense	(13.0)	(8.1)
Profit for the period	28.1	10.0
Attributable to
Shareholders of the parent company	28.0	9.8
Non-controlling interests	0.1	0.2
Total attributable to	28.1	10.0
Pence Pence
Earnings per 12.5p ordinary share
Basic	45.19	16.10
Diluted	45.15	16.10

Source ↗

	2026 £m	2025 £m
Non-current assets
Goodwill	77.1	77.1
Property and equipment	1,051.6	1,042.1
Investment properties	3.2	3.8
Right-of-use assets	153.8	161.9
Trade and other receivables	1.0	0.9
Derivative financial instruments	0.5	-
Retirement benefit schemes	0.6	-
Total non-current assets	1,287.8	1,285.8
Current assets
Inventories	6.9	6.6
Trade and other receivables	10.9	12.6
Income tax receivable	-	0.7
Derivative financial instruments	0.3	1.1
Cash	8.1	7.5
Total current assets	26.2	28.5
Asset held for sale	3.3	-
	29.5	28.5
Total assets	1,317.3	1,314.3
Current liabilities
Borrowings 1	(34.2)	(20.0)
Bank overdrafts	-	(3.3)
Lease liabilities	(6.4)	(6.3)
Trade and other payables	(68.6)	(62.9)
Income tax payable	(1.8)	-
Total current liabilities	(111.0)	(92.5)
Non-current liabilities
Borrowings 1	(198.1)	(232.5)
Lease liabilities	(76.4)	(81.7)
Derivative financial instruments	-	(0.1)
Deferred tax liabilities	(136.9)	(128.8)
Retirement benefit schemes	(1.5)	(4.3)
Total non-current liabilities	(412.9)	(447.4)
Total liabilities	(523.9)	(539.9)
Net assets	793.4	774.4
Capital and reserves
Share capital	7.7	7.8
Share premium	7.8	7.8
Other reserves	28.1	38.0
Hedging reserve	1.1	1.2
Revaluation reserve	303.3	289.2
Retained earnings	442.4	427.8
Total capital and reserves	790.4	771.8
Non-controlling interests	3.0	2.6
Total equity	793.4	774.4

Source ↗

	2026 £m	2025 £m
Operating activities
Net cash generated from operations	113.9	103.8
Tax paid	(8.7)	(5.5)
Net cash flows from operating activities	105.2	98.3
Investing activities
Proceeds from disposal of property and equipment 1	1.1	6.8
Purchase of property and equipment	(34.4)	(47.0)
Purchase of asset classified as held for sale	(1.7)	-
Disposal of subsidiary shareholding 2	-	2.3
Net cash used in investing activities	(35.0)	(37.9)
Financing activities
Purchase of shares through share buyback programme	(6.1)	-
Interest paid	(17.6)	(19.1)
Dividends paid	(14.7)	(14.0)
Acquisition of additional shareholding in subsidiaries 2	(0.4)	(0.8)
Payment of principal portion of lease liabilities	(6.3)	(6.2)
Repayment of borrowings 3	(78.0)	(62.0)
Transaction costs incurred on borrowings	(0.5)	(0.5)
Proceeds from borrowings 3	57.3	29.5
Net cash flows used in financing activities	(66.3)	(73.1)
Net (decrease)/increase in cash	3.9	(12.7)
Cash at the beginning of the period	4.2	16.9
Cash at the end of the period	8.1	4.2

Source ↗

	Unaudited 26 weeks to 29 Sep 2025 £m	Unaudited 26 weeks to 30 Sep 2024 £m	Audited 52 weeks to 31 Mar 2025 £m
Revenue	263.6	250.0	485.8
Operating costs before adjusting items	(222.9)	(211.9)	(414.4)
Adjusted operating profit	40.7	38.1	71.4
Adjusting items	(0.5)	(3.0)	(33.5)
Operating profit	40.2	35.1	37.9
Finance income	-	0.1	-
Finance costs	(9.4)	(9.9)	(19.9)
Finance (charge)/income for pension obligations	(0.2)	-	0.1
Profit before tax
Total profit before tax	30.6	25.3	18.1
Income tax expense	(8.8)	(5.0)	(8.1)
Profit for the period attributable to shareholders of the parent company
Total profit for the period attributable to shareholders of the parent company	21.8	20.3	10.0
Attributable to
Shareholders of the parent company	21.7	20.0	9.8
Non-controlling interests	0.1	0.3	0.2
Total attributable to	21.8	20.3	10.0
Pence Pence Pence
Earnings per 12.5p ordinary share
Basic	34.95	32.21	16.10
Diluted	34.94	32.20	16.10

Source ↗

	Unaudited at 29 Sep 2025 £m	Unaudited at 30 Sep 2024 £m	Audited at 31 Mar 2025 £m
Non-current assets
Goodwill	77.1	76.3	77.1
Property and equipment	1,036.8	1044.0	1,042.1
Investment properties	3.8	4.3	3.8
Right-of-use assets	158.7	174.2	161.9
Trade and other receivables	0.9	-	0.9
Retirement benefit schemes	-	2.6	-
Total non-current assets	1,277.3	1,301.4	1,285.8
Current assets
Inventories	6.8	6.6	6.6
Trade and other receivables	10.7	16.1	12.6
Income tax receivable	-	-	0.7
Derivative financial instruments	0.3	2.0	1.1
Cash	12.1	0.1	7.5
Total current assets	29.9	24.8	28.5
Asset held for sale	1.7	0.6	-
	31.6	25.4	28.5
Total assets	1,308.9	1,326.8	1,314.3
Current liabilities
Borrowings 1	(19.4)	-	(20.0)
Bank overdrafts	-	-	(3.3)
Lease liabilities	(6.7)	(6.6)	(6.3)
Trade and other payables	(64.0)	(61.6)	(62.9)
Income tax payable	(2.3)	(1.7)	-
Total current liabilities	(92.4)	(69.9)	(92.5)
Non-current liabilities
Borrowings 1	(214.5)	(255.9)	(232.5)
Lease liabilities	(80.0)	(84.1)	(81.7)
Derivative financial instruments	(0.4)	(0.9)	(0.1)
Deferred tax liabilities	(129.9)	(127.7)	(128.8)
Retirement benefit schemes	(2.5)	(1.5)	(4.3)
Total non-current liabilities	(427.3)	(470.1)	(447.4)
Total liabilities	(519.7)	(540.0)	(539.9)
Net assets	789.2	786.8	774.4
Capital and reserves
Share capital	7.8	7.8	7.8
Share premium	7.8	7.8	7.8
Other reserves	38.0	38.0	38.0
Hedging reserve	0.3	0.8	1.2
Revaluation reserve	289.4	277.6	289.2
Retained earnings	443.2	451.5	427.8
Total capital and reserves	786.5	783.5	771.8
Non-controlling interests	2.7	3.3	2.6
Total equity	789.2	786.8	774.4

Source ↗

	Unaudited 26 weeks to 29 Sep 2025 £m	Unaudited 26 weeks to 30 Sep 2024 £m	Audited 52 weeks to 31 Mar 2025 £m
Operating activities
Net cash generated from operations	62.6	45.2	103.8
Tax (paid)/received	(4.3)	0.9	(5.5)
Net cash flow from operating activities	58.3	46.1	98.3
Investing activities
Proceeds from disposal of property and equipment 1	0.6	3.9	6.8
Purchases of property and equipment	(12.6)	(21.7)	(47.0)
Purchase of asset classified as held for sale	(1.7)	-	-
Direct costs incurred in acquisition of leases	-	(0.2)	-
Disposal of subsidiary shareholding 2	-	2.3	2.3
Net cash used in investing activities	(13.7)	(15.7)	(37.9)
Financing activities
Interest paid	(7.4)	(5.7)	(19.1)
Equity dividends paid	(7.2)	(6.8)	(14.0)
Acquisition of additional shareholding in subsidiaries 2	-	-	(0.8)
Payments of principal portion of lease liabilities	(2.9)	(3.0)	(6.2)
Repayments of borrowings 3	(19.0)	(28.5)	(62.0)
Transaction costs incurred on borrowings	(0.2)	(3.2)	(0.5)
Proceeds from borrowings	-	-	29.5
Net cash flow used in financing activities	(36.7)	(47.2)	(73.1)
Net increase/(decrease) in cash	7.9	(16.8)	(12.7)
Cash at the beginning of the period	4.2	16.9	16.9
Cash at the end of the period	12.1	0.1	4.2

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	508.2	485.8
Adjusted EBITDA	115.2	113.6
EBITDA	110.9	101.9
Adjusted operating profit	71.3	71.4
Exceptional / adjusting items	(12.0)	(33.5)
Operating profit	59.3	37.9
Depreciation (owned assets)	–	33.1
Depreciation (right-of-use)	–	9.1
Operating profit to net income
Finance costs	(18.0)	(19.9)
Profit before tax	41.1	18.1
Tax	(13.0)	(8.1)
Net income (owners)	28.0	9.8
Per share
EPS basic	45.2p	16.1p
EPS diluted	45.1p	16.1p
Dividend per share	24.4p	23.1p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	244.6	263.6	235.8	250.0
Adjusted EBITDA	52.7	62.5	54.6	59.0
Adjusted operating profit	30.6	40.7	33.3	38.1
Exceptional / adjusting items	(11.5)	(0.5)	(30.5)	(3.0)
Operating profit	19.1	40.2	2.8	35.1
Depreciation (owned assets)	–	17.4	16.7	16.4
Depreciation (right-of-use)	–	4.4	4.6	4.5
Operating profit to net income
Finance costs	(8.6)	(9.4)	(10.0)	(9.9)
Profit before tax	10.5	30.6	(7.2)	25.3
Tax	(4.2)	(8.8)	(3.1)	(5.0)
Net income (owners)	6.3	21.7	(10.2)	20.0
Per share
EPS basic	10.2p	35.0p	(16.1p)	32.2p
EPS diluted	10.2p	34.9p	(16.1p)	32.2p
Dividend per share	12.2p	12.2p	11.5p	11.5p

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	105.2	98.3
Interest paid	(17.6)	(19.1)
Tax paid	(8.7)	(5.5)
Investing activities
Capex (PP&E)	(34.4)	(47.0)
Financing activities
Lease principal paid	(6.3)	(6.2)
Dividends paid	(14.7)	(14.0)
Share buybacks	(6.1)	–

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	46.9	58.3	52.2	46.1
Interest paid	(10.2)	(7.4)	(13.4)	(5.7)
Tax paid	(4.4)	(4.3)	(6.4)	0.9
Investing activities
Capex (PP&E)	(21.8)	(12.6)	(25.3)	(21.7)
Financing activities
Lease principal paid	(3.4)	(2.9)	(3.2)	(3.0)
Dividends paid	(7.5)	(7.2)	(7.2)	(6.8)

	30 Mar 26	31 Mar 25
Non-current assets
Goodwill	77.1	77.1
Property, plant & equipment	1,051.6	1,042.1
Investment property	3.2	3.8
Non-current assets	1,287.8	1,285.8
Current assets
Inventories	6.9	6.6
Trade receivables	10.9	12.6
Cash	8.1	7.5
Current assets	29.5	28.5
Total assets	1,317.3	1,314.3
Current liabilities
Trade payables	68.6	62.9
Borrowings, current	34.2	20.0
Lease liabilities, current	6.4	6.3
Current liabilities	111.0	92.5
Non-current liabilities
Borrowings, non-current	198.1	232.5
Lease liabilities, non-current	76.4	81.7
Pension surplus / (deficit)	(1.5)	(4.3)
Non-current liabilities	412.9	447.4
Total liabilities	523.9	539.9
Equity
Non-controlling interests	3.0	2.6
Total equity	793.4	774.4
Net cash and other figures
Net cash / (debt) ex leases	(224.2)	(248.3)
Net cash / (debt) incl. leases	(307.0)	(336.3)

	30 Mar 26	29 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Goodwill	77.1	77.1	77.1	76.3
Property, plant & equipment	1,051.6	1,036.8	1,042.1	1,044.0
Investment property	3.2	3.8	3.8	4.3
Non-current assets	1,287.8	1,277.3	1,285.8	1,301.4
Current assets
Inventories	6.9	6.8	6.6	6.6
Trade receivables	10.9	10.7	12.6	16.1
Cash	8.1	12.1	7.5	0.1
Current assets	29.5	31.6	28.5	25.4
Total assets	1,317.3	1,308.9	1,314.3	1,326.8
Current liabilities
Trade payables	68.6	64.0	62.9	61.6
Borrowings, current	34.2	19.4	20.0	0.0
Lease liabilities, current	6.4	6.7	6.3	6.6
Current liabilities	111.0	92.4	92.5	69.9
Non-current liabilities
Borrowings, non-current	198.1	214.5	232.5	255.9
Lease liabilities, non-current	76.4	80.0	81.7	84.1
Pension surplus / (deficit)	(1.5)	(2.5)	(4.3)	(1.5)
Non-current liabilities	412.9	427.3	447.4	470.1
Total liabilities	523.9	519.7	539.9	540.0
Equity
Non-controlling interests	3.0	2.7	2.6	3.3
Total equity	793.4	789.2	774.4	786.8
Net cash and other figures
Net cash / (debt) ex leases	(224.2)	(221.8)	(248.3)	(255.8)
Net cash / (debt) incl. leases	(307.0)	–	(336.3)	–

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