The group behind the Revolution and Revolución de Cuba brands returned to making a pre-tax profit during the first half of its financial year after its sales surged following the lifting of Covid-19 restrictions.
The Manchester-headquartered Revolution Bars Group has reported a profit of £4.3m for the six months to January 1, 2022, up from the £17.7m loss it posted for the period to December 26, 2020.
The company's revenue also jumped from £21.6m to £74.1m over the same time.
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Chief executive Rob Pitcher said: "We are hugely encouraged by the performance in FY22 H1 and are excited about the future as we all now "learn to live" with Covid-19.
"We are emerging strongly following a period of severe disruption and now believe that, assuming no further variants, we can look forward to a sustained period of growth.
"We continue to urge the Government to support the recovery and rebuilding of the hospitality industry by leaving VAT at 12.5% for food and non-alcoholic beverages and retaining business rates relief at current levels, in-particular maintaining the cap at £2m, not reducing it to £110,000.
"Demonstrating our renewed confidence, we have signed our first new lease since 2018, have a pipeline of opportunities, and several amazing refurbishments taking place. There's never been a more exciting time for the group."
Th group added that its board "is now confident" of delivering an adjusted EBITDA towards the top end of the range of market expectations, which is currently between £8m and £10m, "assuming that the Covid-19 landscape does not significantly deteriorate".
