Group revenue stood at £39.29m, compared to £29.08m the previous year, with the increase driven by both acquisitions and a 15.27% like-for-like sales increase.
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The group, which won Best Accommodation Operator at this year’s Publican Awards, also recorded a significant uplift in site EBITDA, before exceptionals, to £7.96m, versus £6.14m in 2024.
Adjusted group EBITDA after central costs rose to £3.98m (2024: £2.69m).
However higher administrative expenses, interest costs and exceptional costs of £1.86m resulted in a loss after tax of £3.79m, compared with a loss of £2.31m in 2024.
Chestnut, led by Philip Turner, said the performance of F&B and accommodation was consistent with its positioning as a destination-led hospitality business, with accommodation revenue growing by 55.59%, following room expansion and new acquisitions – with its total room estate growing from 209 to 332 rooms.
Although occupancy levels eased to 69.60% (2024: 75.91%), the group delivered a higher Average Daily Rate of £99.00 (2024: £89.78), reflecting stronger pricing and revenue management.
Chestnut also completed several acquisitions during the accounting year, and said it continued to invest in estate development, refurbishment and operational improvements.
