For the year ended 29 June 2025, group turnover rose 21.7% to £82.6m, up from £67.9m the previous year. Site EBITDA increased to £13.3m, compared with £11.7m in 2024, despite structural cost pressures.
Heartwood said it is now on track to reach £100m turnover in the current financial year ending June 2026.
Record festive trading
The group delivered its strongest festive period on record, with trading between 1 December 2025 and 4 January 2026 showing significant momentum across Heartwood Inns, Brasserie Blanc, and its pubs-with-rooms estate.
The group achieved an 8.3% like-for-like increase in sales within its 34-strong Heartwood Inns business over the festive period. It also posted average gross weekly sales (AGWS) of £97k in its pubs with rooms division and AGWS of £70k at Brasserie Blanc.
Heartwood said the results underline growing demand for premium pub dining and the resilience of the staycation market.
The Group has also continued to strengthen its guest proposition, following the launch of its first loyalty app, Treats, in late 2025, which offers personalised rewards, booking functionality and incentives to drive repeat visits.
Estate growth
The group opened six new sites during FY25, including four pubs with rooms: The Ropemaker in Emsworth, The White Hart in Lewes, The Coat & Bear in Newbury and The Royal Forest in Epping Forest.
Post year end, The George & Dragon in Marlow has taken total room count to 213.
Additional standalone pubs were added in Lymington and East Barnet, while the Red Lion in Stratford upon Avon and the Old Crown in Great Bookham have also been acquired and are trading ahead of expectations.
Development continues at pace, with The Potter’s Heron in Ampfield set to open in Spring this year and the group’s 48th site, The Woodman in Southgate, due to open on 3 February.
Heartwood said it remains on course to reach 500 bedrooms by June 2027, supported by new debt facilities from Heritable Development Finance.
CEO Richard Ferrier said: “The year to June 2025 marked another excellent year of progress for Heartwood, combining sustained sales growth and continued investment in our freehold pubs-with-rooms portfolio.
“With positive festive trading, a maturing freehold rooms estate and a healthy pipeline for 2026, we are well positioned to build one of the UK’s most admired premium hospitality businesses. These results reflect the extraordinary commitment of our teams across the Group, for which I am immensely grateful.”
CFO transition
Heartwood has confirmed that chief financial officer Chris Guy stepped down on 31 December 2025 and will remain with the business in an advisory capacity until June.
Finance director Henry Olney, who has been with the company for eight years, has been appointed interim CFO, providing continuity during what Heartwood described as a period of ambitious investment and expansion.
Guy joined the business in 2018 and played a key role in strengthening financial reporting, developing finance and IT functions, and supporting the group’s 2022 sale to Alchemy Partners.
Reflecting on his decision, Guy said: “It has been a privilege to be part of the management team at Heartwood Collection. I am confident that the strong foundations now in place will continue to serve the business well as it grows. I am sad to be stepping back, but I do so with great pride in what we have achieved together and with every confidence in the company’s continued success.”
Heartwood said its investment strategy remains unchanged, with Alchemy Partners continuing to back expansion of its freehold pubs and inns, alongside further development of Brasserie Blanc.
