The business recorded a 45% increase in revenue to £42.9m for the year ended 29 March 2026, up from £29.6m in FY25.
Join our new WhatsApp channel: The Morning Round-Up
Get the biggest pub trade stories straight to your phone. Listen to our one-minute daily news briefing and receive breaking news, exclusives and sector updates throughout the day. Remember to turn notifications on in the top right corner! Join the channel here.
Meanwhile, pub-level Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose 56% to £8.6m.
Adjusted Group EBITDA increased to £2.5m after central overheads, compared with £0.8m the previous year.
Valiant acquired 16 pubs and disposed of two non-core sites during FY26, ending the financial year with an estate of 94 pubs.
It has since continued to expand across the North, Midlands, Wales and the South of England, targeting high-quality community pubs, with its estate now standing at 103 sites.
Evolving estate
The group also evolved from a predominantly wet-led model during the period, with increased investment in food, accommodation and the overall customer experience driving higher average weekly sales and margins.
Like-for-like sales across mature sites increased 2%, while pub-level EBITDA margin reached 20%.
The company said it had a “strong pipeline” of opportunities and funding in place and was “well positioned” to continue growing at pace.
A new £14m facility from Metro Bank, alongside a further £8m commitment post year end, has taken Valiant’s total committed bank funding to £34m.
The business was founded in 2021 by Gerry Carroll and Mark McGinty.
Quality and strength
Commenting on the latest trading update, Carroll said: “These results demonstrate the quality and strength of the business we have built over a relatively short period of time.
“We have assembled a strong and growing estate of community pubs, a healthy acquisition pipeline, and a proven model for creating value through investment and local engagement.
“With further opportunities ahead, we look forward to bringing more great pubs into the group and extending our presence in communities across the UK.”
McGinty added FY26 had been “another year of strong progress” for Valiant.
“Growing a pub estate is one thing; growing it while improving profitability is much harder,” he continued.
