The French brasserie group has reported that its losses before tax had risen to £46m, up from £16.8m the previous year, for the year ended 29 September 2024. This despite making a turnover of £151.7m, up from £147.6m year on year, and a like-for-like sales growth of 4.1%, up from 1.3% the previous year.
Gross profit margins and ongoing operating expenses were relatively flat compared to the previous year, resulting in an adjusted EBITDA loss of £5.5m, down from £6m.
The business, which was acquired by Karali Group for an undisclosed sum in October 2025, said the performance demonstrated a ‘credible result’ against a challenging backdrop, with the increase in turnover coming despite the disposal of seven sites.
In its accounts, Côte said it had identified seven loss-making sites for disposal, which was part of a long-term strategy to ensure its estate is fit for the future. Since the year end, it has exited further loss-making sites to give the business a ‘sustainable base from which to grow’.
The group said it had invested £8.7m into refurbishing eight sites during the financial period as well as investing in significant marketing activity that targeted out-of-home and digital channels.
Last month, former CEO Emma Dinnis departed the business after less than a year in the role.