Castore revenue rises as losses widen

Castore today (1 May) said sales increased from £190.3m in the prior 12-month period, while EBITDA more than doubled to £30.8m, up from £12.3m.

The business reported a pre-tax loss of £40.3m, widening 56% from the previous year, as it continued to invest heavily in infrastructure, brand development and international growth.

Castore has focused on scaling its direct-to-consumer operations alongside wholesale and licensing partnerships, supported by investment in new stores and digital platforms, it said.

During the period, Castore also continued to invest in technology and operational infrastructure, with a growing emphasis on AI to drive efficiency and productivity.

Post-period, the group acquired British outerwear brand Belstaff on 28 August 2025, as part of a strategy to diversify beyond performance sportswear and build a broader premium brand portfolio.

Castore co-founder Thomas Beahon said the results marked “another strong performance”, despite macroeconomic headwinds, highlighting the combination of “strong revenue growth and profitability”.

“Growth is deeply embedded in Castore’s DNA, and we continue to focus on moving quickly, innovating and adapting in an increasingly competitive global market,” he said.

“We remain very optimistic about maintaining this momentum into 2026, particularly as we welcome Belstaff into the group. This is a significant step in building a portfolio of premium British brands with global reach.”