The Convenience Shop (Holding) plc - Full-Year Results

On 30 April 2026, The Convenience Shop (Holding) plc published its Annual Report and Financial Statements for the financial year ended 31 December 2025.

Revenue surged by 14% to €53.0 million (2024: €46.4 million), which partially reflect the impact of high inflation. The company explained that the combined turnover of the Group and its franchisees amounted to €97.4 million. As at the end of 2025, the Group operated 49 shops and another 54 shops were franchised.

Operating costs increased by 16% to €51.6 million (2024: €44.4 million) as the company transitioned the entire pool of subcontracted staff to direct employees to ensure a more engaged, skilled, and loyal team amid an expansion strategy.

As a result, operating profit slumped by 28% to €1.39 million (2024: €1.94 million) and the operating profit margin fell to 2.6% from 4.2% in the previous year. Excluding depreciation and amortisation charges, EBITDA declined by 4% to €4.08 million compared to €4.25 million in the previous year and the EBITDA margin eased to 7.7% from 9.2% in 2024.

After accounting for other income of €0.86 million, net finance costs of €1.19 million, a tax charge of €0.15 million, and minimal losses attributable to non-controlling interests, the Group reported a net profit attributable to shareholders of €0.94 million, which is 31% lower than the €1.36 million reported in 2024, resulting in a return on average shareholders’ funds of 9.7% (2024: 14%).

In terms of financial position, total assets increased by 19% (or €7.9 million) to €49.7 million reflecting higher right-of-use assets and trade receivables. Similarly, total liabilities increased by 25% (or €8.0 million) to €40.1 million, which include borrowings of €8.3 million and lease liabilities of €17.6 million. Meanwhile, shareholders’ funds eased by 1.1% (or €0.1 million) to €9.62 million.

Dividend

The Directors will propose an unchanged net final dividend of €0.024 at the upcoming Annual General Meeting.

Coupled with the net interim dividend of €0.010 per share paid in September 2025, the total net dividend attributable for the 2025 financial year amounts to €0.034 per share, unchanged from the previous year, and represents a payout ratio of 112% (2024: 77%).

Outlook

In their commentary, the Directors explained that in 2026, the Group is well positioned to deliver a step change in performance following the structural investments made in 2025. Revenue is expected to increase by 10% to €58.3 million while operating profit is forecasted to nearly double to €2.66 million.

The Board highlighted that since the restructuring and brand investment are now largely complete, the Group enters a phase of realisation where improved sales leverage, margin discipline, and cost efficiencies are expected to translate into meaningfully higher returns for shareholders.