T&R Theakston: Famous brewery's turnover grows but profit dips as it prepares for 200th birthday
The Yorkshire-based brewery, T&R Theakston, reported an improvement in turnover last year, as it prepared for its bicentenary.
The family-controlled business, which will celebrate its 200th anniversary in 2027, saw turnover rise to £9.2m in 2025, an increase from £8.8m in the previous year. This growth came as the business saw demand for its cask ale continuing to rise, with the brewery noting particular interest in its darker beers such as Old Peculier and Theakston XB.
A spokesman said: “Despite the increased turnover, profitability fell, largely as a result of £300,000 of additional packaging taxes. The brewery also continued its cautious approach to price increases as it seeks to protect, as far as it is able, its on trade customers which have been impacted by a number of increased overheads.
"With some pubs now charging £10 per pint in London, the business remains passionate about the important role that pubs play in their local communities and welcomes the fact that Yorkshire drinkers can still enjoy a pint in their local for around half of that.”
Owing to its pricing considerations and increased packaging costs, the brewery recorded a pre-tax profit of £76,000 which is down on the £271,000 profit of the previous year.
Richard Bradbury, managing director of T&R Theakston, said: “We’re pleased to report another year of growth. These results highlight that our continued commitment to producing high quality beer, supporting our pub customers and listening to our consumers, is having a positive impact on our business.
“While our pre-tax profit may have decreased, the majority of this is the result of increased packaging taxes. It is also reflected in our ongoing work to minimise the cost pressures on our pub customers and their consumers, by ensuring price increases are kept as low as possible so that we all remain profitable and sustainable in this difficult economic environment.”
The brewery said it has had a successful start to 2026 after securing new listings for Nowt Peculier 0.0% beer in 285 Morrisons stores nationwide, as well as increased distribution regionally via the Co-Op. The brewery’s latest product, Theakston’s Salted Caramel Porter, is also being stocked nationally in Morrisons stores as well as Tesco and Co-Op regionally. It has also announced four new appointments to its sales team, bringing the total number of new roles created by the brewery since the pandemic to 18.
Mr Bradbury added: “Despite the economic headwinds that have been synonymous with this decade, we retain a positive outlook for the business for both this calendar year and looking forward longer term to our third century of brewing beers.”