By Cristina Gallardo

J.D. Wetherspoon reported a jump in pretax profit for the year, but warned cost increases stemming from U.K. government policies on energy and workers' pay will weigh on its results.

The London-listed pub chain said Friday that pretax profit rose 10% to 81.4 million pounds ($109.4 million) in the 52 weeks to July 27 compared with the same period of last year.

Revenue grew 4.5% to 2.13 billion pounds, while like-for-like sales increased 5.1%.

The company didn't provide forecasts for the current fiscal year, but said it expects a "reasonable outcome".

However, higher employer contributions to the U.K. national insurance payroll tax and an increase to the minimum wage will push up costs by about 60 million pounds a year, Wetherspoon said. Meanwhile, the introduction of new energy levies will add 7 million pounds to costs, it said.

Wetherspoon said it plans to open about 15 managed pubs this fiscal year. It currently operates 794 pubs.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

October 03, 2025 02:36 ET (06:36 GMT)

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