UK-based pub and brewery company Adnams reported a pre-tax loss of £1.42 million for the six months ending June 2026, showing a slight improvement from the £1.46 million loss recorded in the same period a year ago. Revenue dropped to £27.4 million, down from £30.1 million, mainly due to the sale of part of its tenanted pub estate in the previous year. The company stated that, excluding this factor, its performance remained "resilient," even though consumer spending remained under pressure and trading conditions were subdued early in the year. Sales at its managed pubs and hotels were "below expectations" during the first half of the year.
Despite these challenges, Adnams noted an improvement in performance as the summer progressed, citing an extended period of very favorable weather and the football World Cup as key factors. The company reported like-for-like revenue growth of 3.3% and profit growth of 10% in July for its managed estate. Free trade revenues in its drinks business remained largely flat despite a difficult market, while supermarket sales matched those of last year.
England and Scotland’s World Cup matches helped boost sales across British pubs in July, while restaurants and bars saw a weaker month. According to the latest monthly NIQ RSM hospitality business tracker, pubs were the standout performers in the hospitality sector during the month, thanks to the influx of football fans. Experts believe that England’s progress to the semi-finals will have further strengthened performance in August. Like-for-like sales grew by 1.9% across British pubs in July, marking the strongest monthly performance of the year so far.
The warm weather also played a role in the improved performance, as England experienced its hottest June on record, according to the Met Office. Prolonged periods of high temperatures likely encouraged more people to visit pubs and outdoor venues, contributing to the overall positive trend in the sector.
Adnams Reports Financial Losses Amid Mixed Performance in 2026
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