Punch Pubs has reported revenue of £284.4m for the year ended 14 August 2022, a 94% rise from £146.4m the previous year.

EBITDA for the period was £77.7m - a 192% rise from £26.6m the prior year - with underlying EBITDA of £83.2m.

Last month, CEO Clive Chesser told MCA the company’s plan was to invest and buy more sites with “an eye on M&A.”

Chesser said: “We’re trading ahead of 2019, but profit is more challenging because of the cost impacts.”

Around 50 Punch pubs each year are switching to the management partnerships model. Under this agreement, Punch pays the running costs for the pub and the operators hire the staff and pay their wages out of an agreed share of overall profits.

  • A previous version of this story reported on figures contained in a report for Punch’s holding company. This has since been edited to reflect figures from Punch’s operating company