Sportswear retailer Castore’s boss Tom Beahon has hailed another “strong performance” from the business, despite posting deepening losses for the year.

In results published on Companies House for the financial year to August 3, 2025, losses before tax deepened to £40.7m, operating losses hit £30.5m and losses for the financial period deepened to £40.3m.

EBITDA more than doubled to £30.7m, while turnover exceeded £334.6m – up from £190.3m in the previous year.

Beahon said: “This week, Castore releases its results for the financial period ending July 2025, marking another strong performance for the business despite several macroeconomic headwinds. Overall revenue for the 18-month period was £335m, a 30% increase on prior period, with EBITDA of £31m also demonstrating strong growth. It has been nine years since we founded Castore with not much more than a very big dream and even greater passion to see that dream become reality. To deliver these kinds of numbers less than a decade into the journey is beyond even our wildest expectations.

“This combination of strong revenue growth and profitability is rarely seen in consumer brands and we are exceptionally proud of our entire team who have contributed to the performance. None of what we do is easy and these numbers are the result of an incredible amount of hard work every day by an amazing group of people. Growth is deeply embedded in Castore’s DNA, we love the challenge of adapting to ever-changing competitive environments and innovating more quickly than anyone else.

“In the modern digital economy, speed beats size more than at any other time in modern history and this will only accelerate as AI becomes further embedded in society. For all the challenger brands out there, this is your time to shine. Agility and speed are prized assets in a world changing faster than ever – and who doesn’t love a David vs Goliath story?

“Despite the many challenges in the world, we are very optimistic about continuing our growth momentum in 2026 as we welcome Belstaff into our enlarged group. Belstaff is an amazing brand with deep heritage – heritage being one thing AI cannot replace – a phenomenally loyal customer base and we are very excited about its future potential. Our vision from day one has been to build a great British brand competing on the global stage, so to have the opportunity to do this with two amazing brands is a great privilege. “

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