Newbury Racecourse interim loss narrows as raceday attendance grows
Newbury Racecourse PLC on Friday reported stronger revenue for the first half of 2025 and a narrowed loss, amid a rise in raceday attendance.
The Newbury, England-based racing, entertainment and events business said pretax loss in the six months that ended June 30 narrowed to £146,000 from £256,000 a year earlier.
Revenue increased 4.3% to £9.7 million from £9.3 million, as raceday attendances grew to 53,569 from 43,733 a year earlier for the twelve fixtures held during the six-month period.
‘Trading for the first half of 2025 is marginally ahead of our expectations, despite strong raceday attendances up 22% on 2024.
‘Compared with the first six months of last year, our revenues have grown across the majority of our income streams, but due to the impact of high inflationary costs, the increase in the National Living Wage and National Insurance contributions as well as our continued commitment to prize money, the company has only been able to reduce losses compared to the same period last year,’ said Chair Dominic Burke.
Overall costs increased 3.1% during the first half, the company said.
Burke continued: ‘We remain confident in the delivery of a positive financial outturn for 2025, but, looking ahead, are mindful of the potential impact that any changes to betting related tax rates could have on our racing business revenues.’
Shares in Newbury Racecourse were last quoted at 615.00 pence on the Aquis Stock Exchange.
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