Farmer J grew turnover from £27.9 million in 2024 to £41.1 million in 2025, a rise of about 47%. The group credited new openings and like-for-like growth, plans at least five new UK sites for 2027 and two further US openings, and reported a wider loss after tax of £1.46 million.
The headline for the results describes a 50% jump in turnover, while the published totals give an increase of about 47%: £41.1 million is 47.3% above £27.9 million. This article uses the arithmetic from the two totals. The group also reported a loss after tax of £1.46 million, up from £682,000 the previous year, so turnover growth came with a larger loss. The number of Farmer J sites at the end of 2025 has not been given.
What drove the growth
Turnover rose because of new openings and continued like-for-like sales growth. Like-for-like sales compare restaurants that were open in both periods, so the second driver points to growth at existing sites as well as from the new ones.
No like-for-like percentage, number of 2025 openings or turnover per site has been published with the headline figures. The figures describe the 2025 financial year.
A wider loss alongside the growth
The loss after tax was £1.46 million against £682,000 the year before, roughly double. Both figures are reported without further detail. The group has not explained the loss or said whether it reflects the cost of opening sites, and no profit target or date for breaking even has been given.
A rising loss alongside rising turnover is common in restaurant groups that open sites quickly, because fit-out costs and pre-opening staffing arrive before the sales do, but that is a general pattern and not an explanation Farmer J has offered.
Turnover and loss are different measures
Turnover is sales before costs, while loss after tax is what remains after all costs and tax. A group can raise one while the other moves the other way, as Farmer J did in 2025.
The 2027 plans
Farmer J plans at least five new UK sites for 2027 and two further US openings. The reference to two further US openings implies the group already trades in the United States. The UK towns have not been named, and the group has not said whether the sites will be company-run or partner-run, or what it will invest in them. Farmer J is not described as a franchise, unlike the restaurant brands recruiting UK operators.
How to read the results
Three numbers matter when reading a growing restaurant group: turnover, like-for-like growth and loss or profit. Farmer J’s turnover rose by about £13.2 million in a year, a calculation from the two totals. Its like-for-like growth is credited but not quantified. Its loss roughly doubled.
Taken together, they describe a business that is selling much more and spending more than it earns while it expands. Whether that is a sound investment depends on the figures the full accounts will carry, in particular what the new sites cost and how quickly they reach the sales of the existing ones.
What comes next
The accounts filed at Companies House carry the full detail on profit, sites and costs, and they are the primary record behind the turnover and loss figures reported here. Farmer J has not announced where its 2027 sites will open, and no timetable has been given. The next verifiable sign will be the first of the five UK openings the group says it plans, a rate that brands taking on partners in the UK reach without funding the sites themselves.
