The Publican’s Best Late Night Operator winner posted turnover of £47.5m, down from £49m the previous year, while operating profit fell to £5m from £5.2m.
Profit before tax declined to £3.3m, compared with £3.7m in the year-ago period, while profit after tax slipped to £3.2m, down from £3.7m.
Gross profit stood at £26.5m, compared with £27.6m in 2024, reflecting the lower revenue base. Administrative expenses remained elevated at £20.8m, broadly in line with the previous year, while net interest costs increased to £1.78m from £1.55m.
The results come as the Brighton-based operator continues a strategic repositioning away from brewing and towards its wet led pub estate, having last year licensed production of its beer portfolio to Keystone Brewing Group to focus capital and management attention on its pubs.
Balance sheet
At the period end, Laine reported total assets of £19.99m, up from £14.56m a year earlier, driven largely by an increase in tangible fixed assets following property revaluations.
Cash and cash equivalents increased to £2.3m from £1.4m, while net liabilities reduced to £5.5m, compared with £9m the previous year, although the business continues to report a shareholder deficit.
Total comprehensive income for the period was £3.4m, compared with £3.7m in --the prior year, including gains from property revaluations.
Outlook
Laine, which operates 55 sites across Brighton, London, Birmingham and Norwich, has said it is prioritising immersive late-night formats and Gen Z focused experiences, supported by targeted capital investment.
Managing director Russ Danks previously told The Morning Advertiser (The MA) the business plans to invest around £3m in its estate in 2026, with a focus on experiential venues, day to night trading and community led offers rather than rapid expansion.
Founder Gavin George stepped down as chief executive last year and has since taken on a non-executive role with Chickpea Group, while Laine continues to be led by Danks and its senior management team.
