Record Profitability Achieved
The company reached a record level of profitability, achieving a 15% return on invested capital (ROIC), which is an increase of 350 basis points from the previous fiscal year.
Strong Revenue Growth
Revenue for FY 2025 was just under GBP 2 billion, representing a growth of 7.7% year-on-year.
Significant Operating Profit Increase
Adjusted operating profit increased by 28.9% year-on-year to GBP 125.7 million.
Successful New Product Launches
Launched 534 new products in partnership with customers, which is over 10 products per week.
Operational Excellence Improvements
Operational excellence initiatives led to a 4% increase in units per labor hour from FY 2024 and a 10% increase since FY 2023.
Strong Free Cash Flow
Recorded a free cash inflow of GBP 120.5 million, with a free cash flow conversion of 66.5%.
Bakkavor Acquisition Progress
Progressing according to plan with a positive Phase 1 decision from the CMA and expected completion in early 2026.
Dividend Increase
The Board recommended a dividend of 2.6p per share, an increase of 30% year-on-year.