Hollywood Bowl Group Plc (BOWL.L), a leisure operator of ten-pin bowling centers, on Thursday reported a decline in pre-tax income for the first half, reflecting higher expenses. However, the company posted an increase in revenue.
For the six-month period to March 31, the Group posted a profit before tax of 28.334 million pounds, lower than 29.528 million pounds in the same period last year. Excluding items, earnings before tax stood at 27.958 million pounds as against the prior year's 30.926 million pounds.
Net profit slipped to 20.633 million pounds, or 11.93 pence per share, compared with 21.947 million pounds, or 12.69 pence per share, in 2024. Adjusted income stood at 20.648 million pounds as against 23.345 million pounds a year ago.
Administrative expenses were 49.155 million pounds, higher than 42.725 million pounds a year ago. Finance expenses moved up to 7.109 million pounds from last year's 5.869 million pounds.
Finance income plunged to 0.555 million pounds from 1.029 million pounds in the previous year. Operating profit stood at 34.888 million pounds as against 34.368 million pounds a year ago.
Revenue was 129.249 million pounds, up from the previous year's 119.187 million pounds.
The Board will pay an interim dividend of 4.10 pence per share on July 25 to share holders of record as of June 27.
Looking ahead, Stephen Burns, CEO of Hollywood Bowl Group, said: "We remain confident in our outlook for the second half of the year. We are well-prepared for the key July and August holiday period and continue to expect full-year EBITDA to fall within the range of current analyst forecasts. The significant investments we have made in the estate over the last 12 months, put us on course to enhance future EBITDA returns."
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