Cake BOX Holdings plc AIM:CBOX
- Incorporated
- United Kingdom
- Chief executive
- Sukh Chamdal
- Employees
- 377
- Reports in
- GBP
- Companies House
- 08777765
Read straight from the annual reports
175p at close on 5 Oct 2026 · 9 reported years, 2018–2026
| Line | FY201803/18 | FY201903/19 | FY202003/20 | FY202103/21 | FY202203/22 | FY202303/23 | FY202403/24 | FY202503/25 | FY202603/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Gross profit | ||||||||||
| Operating profit | ||||||||||
| Adjusted operating profit | — | — | — | — | — | — | ||||
| Exceptional items | — | |||||||||
| Net finance cost | ||||||||||
| Profit before tax | ||||||||||
| Tax charge | ||||||||||
| Profit for the year | ||||||||||
| EBITDA | ||||||||||
| Basic EPS | ||||||||||
| Diluted EPS | ||||||||||
| Adjusted EPS | — | — | — | |||||||
| Dividend per share | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
9 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Franchise store sales and new store openings
Cake Box system sales rose 12.4% to £111.27m (total incl. Ambala; 2025: £87.10m). Cake Box revenue rose 9.3% to £45.86m on 25 new Cake Box stores and 4.8% like-for-like growth. Group revenue rose 39.5% to £59.69m.
page 5Maiden full-year Ambala contribution
Ambala contributed revenue of £14.14m (2025: £0.84m) and underlying EBITDA of £1.85m (2025: £0.09m). Ambala is 12 new stores, ahead of a target of 10, taking the total to 34.
page 12Gross margin mix from Ambala corporate stores
Group gross margin is 57.4%, up 4.9 percentage points. Cake Box gross margin is 53.2% and Ambala's 69.9% on corporate stores. Ambala's margin should fall as its estate moves to franchising.
page 16Operational gearing and procurement
Underlying EBITDA rose 41.6% on sales up 39.5%. Cake Box underlying EBITDA rose 21.7% on sales up 9.3% and overheads up 3.0%. Ambala synergies come from procurement, distribution and automation.
page 15£589k charge: Impairment of ERP intangible asset (Microsoft Dynamics programme abandoned after Ambala acquisition)
page 107'Cake Box has entered the new financial year with positive momentum. Early trading in 2027 has been encouraging, with total system sales ahead of the prior year.'
page 13'There are no material events after the reporting period to report.' Only the final dividend of 7.2p per share was recommended after year-end.
page 74'Progressive dividend policy'. A final dividend of 7.2p (2025: 6.8p) is recommended, up 5.9%, for a total of 10.8p (2025: 10.2p). Dividend cover is 1.48x on underlying basic EPS. It is payable on 9 September 2026 to holders on the register at 14 August 2026 (ex-dividend 13 August), subject to AGM approval on 2 September 2026. An interim of 3.6p was paid in the year. Total dividends paid were £4,576,000.
page 17The directors prepared accounts on a going concern basis, with cash resources and facilities sufficient. MHA Audit Services LLP (senior statutory auditor Rajeev Shaunak) gave an unmodified opinion dated 29 June 2026, with no material uncertainty related to going concern. Key audit matters: inventory existence and valuation, revenue cut-off, impairment of goodwill and intangibles (Group), and valuation of investment in subsidiaries (Parent). Group materiality is £350,000 (5.1% of profit before tax). Audit fee is £178,000 plus £75,000 for the prior-year audit; MHA is proposed for reappointment.
page 76- Competitive pressures and macroeconomic conditions in the UK affecting customer retention, frequency and market share (residual risk rating shown as High / Medium / Low tiers)p.49
- Franchisee relationships and operations: franchisees do not share the Group's vision or economics; cyber-attacks on franchisee operations; store opening pipelinep.49
- Failure of a key supplier (some sole-source ingredients), forecast accuracy and inventoryp.50
- Depots failing to deliver: loss of production capacity at one of the depots (single production shift; Bradford warehouse under development)p.50
Read from C000235-AR-2026-ch.
8 annual reports read, FY2019 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (8)
FY2027Next report expected 3 Jul 2027