Cake Box Holdings delivered a strong set of full-year results, with revenue up 39.5% to £59.69 million for the 52 weeks to 29 March 2026, boosted by a first full year of contribution from Ambala alongside solid organic growth.
Core Cake Box revenues grew 9.3% to £45.86 million, with like-for-like sales up 4.8%, an acceleration from 3.0% the year before. Ambala, acquired the previous year, added £14.14 million in maiden full-year revenue, with the company saying integration and operational efficiencies are progressing well.
System sales, which capture the wider network including franchised stores, jumped 27.7% to £111.27 million. The estate grew by 37 stores over the year to reach 310, comprising 25 new Cake Box openings (taking that brand to 276 stores) and 12 new Ambala stores, ahead of the 10-store target set for that brand.
Investors will be pleased to see higher revenues translating to surging profits. Underlying EBITDA rose 41.6% to £12.36 million, while underlying profit before tax climbed 22.6% to £8.67 million. Statutory profit before tax was up a more modest 16.5% to £6.86 million, with the gap reflecting non-underlying items, predominantly an impairment of an intangible asset.
“Households might be squeezed, but people are still finding the budget to celebrate birthdays, family gatherings, and special occasions,” said Duncan Ferris, Investment Writer at Freetrade.
“Ambala’s first full-year contribution meant Cake Box was always likely to serve up a much bigger business. Growth in like-for-like sales, along with climbing online sales and healthy franchisee demand, should reassure investors that Cake Box’s core business still has pulling power.”
Underlying earnings per share grew 21.1% to 15.97p.
Online remained a key growth driver, with online sales up 19.7% to £22.89 million and 289,000 new online customers added, alongside continued strength on delivery platforms Deliveroo, Just Eat and Uber Eats.
Sukh Chamdal, Chief Executive Officer, said: “We delivered a strong performance across the year, with healthy growth in revenue and underlying EBITDA and 37 new stores opened across the Group.”
“This reflects the disciplined execution of our growth strategy, including store expansion, positive like-for-like sales in our core Cake Box business, and sustained momentum across our multi-channel offering. Customer engagement has been good throughout the year, supported by ongoing investment in digital capability and the strength of our franchise model.”