Today’s results with adj. EBITDA at £3.6m are broadly in line with Tasty’s trading update in January 2025, when we lowered our FY24 forecasts (adj. EBITDA reduced by £0.5m to £3.8m). 2024 was a significant year for Tasty: in response to the severe pressures facing the hospitality industry, Tasty launched a restructuring plan in April 2024, which was sanctioned by the High Court in June 2024. The plan involved a major reshaping of its estate with the closure of 16 loss-making restaurants (leaving ....
