The French-founded Italian group reported sales of £56.2m for the year ended 31 December 2025, up 27% on the 2024 total of £44.3m.
Over the year, the group grew its gross profit margin from 74% to 75%. However, it reported a pre-loss for the period of £1.3m, down from a profit of £2m the year before.
During the period all eight restaurants currently within the group’s estate were operating, six having traded throughout the year and two – Barberella in London and Circolo Popolare in Manchester – both opening in the summer of 2025.
The group says it plans to add to its UK portfolio with another opening in the year ahead with a lease already signed, but did not reveal the location of the new restaurant. However, there has been speculation that the group is looking to open a restaurant in the City of London.
Writing in the results, group co-founder Tigrane Seydoux said all restaurants had ‘performed strongly in excess of expectations’, driven by high customer feedback scores and strong brand awareness.
“Each of these factors has enabled the group to maintain its high demand for the product with the restaurants continually fully booked one month in advance up throughout 2025.”
He added that the UK restaurant sector ‘continues to face external uncertainties’ including elevated cost pressures across labour, energy and food, increases in taxation and business rates, and unpredictable consumer spending and that the group was ‘actively managing these challenges through disciplined cost control, pricing strategies, and operational efficiencies.
“The directors remain confident in the group’s resilience, adaptability, and long-term growth prospects.”