The family-controlled business, which has been brewing beers in Masham for almost 200 years, recorded a pre-tax profit of £271,000 for the period, an increase from £248,000 in the previous year and marking the third consecutive year of growth for the business.
In addition, the brewery saw turnover increase by 7% to £8.8m in the same period.
The business said it has continued to respond to the challenges facing its pub customers with a “cautious approach” to price increases in order to minimise the cost pressures to them and their patrons.
The report also showed Theakston’s had seen increased demand for its cask ale brands and premium bottled ales last year.
Positive results
Its largest brands, Theakston Best, Theakston Old Peculier and Theakston XB, all grew in cask sales over the period. Overall cask volumes grew by more than 8%.
At the end of the period measured, the brand introduced Nowt Peculier, an alcohol free version of its Old Peculier brew. It also recently launched Theakston Quencher, a lower ABV beer at 3.4%.
Commenting on the results, T&R Theakston managing director Richard Bradbury said: “We’re pleased to report our third consecutive increase in growth and profitability.
“These results highlight that our commitment to producing high quality beer, supporting our pub customers and listening to our consumers, is not only the right thing to do but is delivering positive results for our business.”
The accounts also highlighted the business’s approach to its longer-term future, with increased capital investment into the brewery supporting its focus on consistent beer quality.
Bradbury continued: “Our performance has also been buoyed by the increased availability of our beers internationally with exports to places including America, Australia and Italy accounting for 4% of our turnover, double that of the previous year.”
Well placed
The report added while Theakston’s was optimistic about its brand strength, it was cautious about market conditions in 2025.
It highlighted increased costs affecting the viability of pub customers alongside packaging waste charges and the impact of tariffs on its supply to the USA as having potential impacts on its bottom line.
Bradbury added: “Despite short term economic conditions looking challenging, we believe the brewery is well placed to out-perform the market.
“With a solid business foundation, healthy balance sheet and secure financial arrangements, we remain focused on growing our revenue through not only our strong brand performance but through broadening of our customer base.
“It’s with this in mind that we are confident T&R Theakston is well placed to continue to perform strongly, as we look forward to celebrating our bicentenary in 2027 and building beyond that into our third century of brewing legendary ales.”
