The figure is up nearly 4% on the group’s last set of full year results with new site openings contributing to growth.
Profit before tax dipped from £39.5m to £32.2m, impacted by an increase in pre-opening costs along with one-off exceptional charges, but adjusted EBITDA improved from £57.5m to £61.9m.
In its latest set of accounts on Companies House the group has described its performance as ‘impressive’.
“Although consumer confidence was dented by various conflicts and uncertainty following a new government, the company’s proposition proved compelling value for our customers,” the group’s strategic report reads.
The Richard Caring-led group - which now operates over 50 locations across the UK - plans to increase market share by launching additional sites this year, while developing its menu offering and upholding customer service levels.
Last month, it was reported that Caring is in advanced talks to sell a significant portion of his UK hospitality empire to an entity controlled by the Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan.
According to the FT, the prospective deal between Caring and Sheikh Tahnoon’s IHC holding company could exceed more than £1bn and provide funding to take Caring’s hospitality brands, such as The Ivy, into new markets.
The deal between IHC and Caring is anchored around the latter’s ongoing efforts to sell a stake in Troia, parent company of The Ivy Collection, which he originally announced in early 2024.
It is reported, though, that the scope of the talks has been expanded to include Caring’s other assets such as London private members’ clubs Annabel’s, George and Harry’s Bar.