Castore losses widen to £40.3m despite healthy revenues

J Carter Sporting Club Ltd, the parent company of sportswear retailer Castore, has reported that losses after tax widened to £40.3m in the 18 months ended 3 August 2025 – annualised to £26.9m – compared with a loss of £25.8m in the 2023/2024 period. 

It comes despite the retailer having reported revenues of £334.6m – an annualised figure of £223m  – which represents a 17% increase on the £190.3m recorded the previous year. 

Founded in 2016 by brothers Tom and Phil Beahon, Castore also made improvements to its infrastructure and completed the acquisition of heritage brand Bestaff in a £102m deal. 

Meanwhile, EBITDA rose to £61.3m from £37.3m, with the annualised figure reaching £40.9m. The group also held £36.8m in cash and £100m in financing facilities at the period end. 

During the last 18 months, Castore also opened several physical stores and also launched ecommerce platforms to support long-term revenue growth.

According to Castore’s parent company, the challenging macro environment and continued investment in infrastructure caused a short-term impact on profitability. Management added that it remains focused on value creation.