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MARSTON'S 13 October 2026 MARSTON'S PLC ( " Marston's " or " the Group " ) STRONG PROFIT GROWTH , AHEAD OF MARKET EXPECTATIONS ACCELERATED FORMAT ROLLOUT SET TO DRIVE NEXT PHASE OF GROWTH Marston's , a leading UK hospitality business with an estate of more than 1,300 pubs , today announces a trading update for the 52 - week period to 26 September 2026. All sales comparisons are to the same period in FY2025 . Business Update • • • • • • • • Underlying profit before tax expected to be above the top end of market expectations¹ , delivering a third consecutive year of significant profit growth . Profits are now more than three times the level of FY2023² . Underlying EBITDA margin up c.100 basis points in FY2026 , supported by our market - leading pub operating model and disciplined cost control . New pub formats are now a proven engine of growth , with Grandstand the standout performer . Grandstand is delivering ROICs above 30 % , with FY2026 investments delivering c.30 % sales growth compared to pre - investment levels.³ Following 60 format conversions in FY2026 , we will deliver at least 100 in FY2027 , focused on Grandstand , as the programme scales to become a material driver of Group sales and profitability . Like - for - like sales improved to broadly flat in Q4 , supported by new pub formats , stronger summer trading and an excellent World Cup . Full - year like - for - like sales were 1.2 % lower . Good progress developing the estate , including format conversions , investments into our locals pubs and management of the property portfolio , which enhanced profitability . Another year of strong delivery of recurring free cash flow supported further deleveraging to approximately 4.2x EBITDA4 , with leverage now broadly half the level of FY2023 . The Board intends to announce a programme of shareholder returns at the Preliminary Results which , subject to market conditions , is expected to be in the form of share buybacks . Justin Platt , CEO of Marston's PLC , commented : " We have delivered a third consecutive year of significant profit growth , margin improvements and strong recurring free cash flow . Our differentiated pub formats continue to drive excellent returns , and our guest satisfaction scores show that we continue to delight our customers a credit to our talented , hard - working teams . " Our progress over the last three years shows the momentum we have as a high margin , highly cash generative local pub company , with profits substantially up and debt levels halved . With clear strategic priorities and our new format conversion programme expanding to at least 100 pubs next year , we enter the new year well set to drive our next phase of growth . " Notice of Full Year Results Marston's intends to announce its FY2026 results on 24 November 2026 . Enquiries : Investors Marston's PLC