In its financial year ending 28 March 2026, Fuller's delivered revenue of £397.8 million (up 5.7%), with like-for-like sales across its Managed Pubs and Hotels division increasing 4.9%, driving adjusted profit before tax 28% higher to £34.6 million. The group leverages the resilience of its predominantly freehold estate and disciplined capital allocation through share buybacks and balance sheet management, supported by a property estate valued at approximately £991 million.
Cyborg Score Rationale
Financial performance is solid, though improvements in free cash flow and return on equity could enhance the outlook, with valuation providing a balanced risk-reward profile. The score is tempered by 2026 margin pressure and historically volatile cash conversion. The company demonstrates strong operational momentum and dividend growth.
Top Insights
(January 2026) Revenue reached £397.8 million (up 5.7% YoY) with adjusted PBT up 28% to £34.6 million
(January 2026) Raised total dividend by 7% to 21.20p on back of 38% adjusted EPS growth
(January 2026) Invested £32.2 million across portfolio including freehold acquisitions in central London
(June 2026) Analyst consensus leans positive with 5 buy recommendations and 27.7% upside potential to price target
Named Competitors
Young & Co.'s Brewery — UK pub and brewery operator