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A.G. BARR (BAG) investor relations material
A.G. BARR Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance
H1 26/27 revenue expected at approximately £246m, up 8% year-on-year, driven by core brand growth and recent acquisitions.
H1 operating margin anticipated to be mid-range of guidance, despite £10m revenue impact from supply chain issues.
Market share gains and innovation support confidence in improved H2 revenue and double-digit full-year growth.
Integration and insourcing actions are expected to strengthen H2 operating margin and support full-year profit expectations.
Strategic and operational highlights
Core brands IRN-BRU, Rubicon, and Boost showed strong growth, with IRN-BRU and Rubicon benefiting from rebranding and innovation.
Boost achieved double-digit growth, expanding into grocery and healthy hydration categories.
Weakness in FUNKIN and Barr Brands partially offset core brand growth.
Integrations of Fentimans and Frobishers completed on schedule, with operational efficiencies expected in H2.
Manufacturing investment programme is on track, with Boost Sports production insourced and capacity upgrades progressing.
Outlook and guidance
Full-year profit guidance maintained, with analyst consensus for adjusted PBT at £71.9m.
Adjusted operating margin and ROCE guidance ranges are 14-16% and 19-21%, respectively, with ROCE expected at the lower end due to recent investments.
Supply constraints from Q2 are being resolved, supporting confidence in full-year performance.
- Low double-digit revenue growth expected in FY 2026-2027, driven by acquisitions and innovation.BAG
H2 25/26 - Double-digit profit growth and strategic acquisitions fuel momentum for the coming year.BAG
H2 25/26 TU - Revenue and profit rose, margins expanded, and strategic acquisitions drove growth.BAG
H1 25/26 - Revenue up 3% to £228m, margin improved, and outlook remains strong.BAG
Q1 25/26 TU - Revenue and adjusted profit up, margins improved, and outlook strong for H2.BAG
H1 24/25 - Revenue up 5% to £221m, with margin rebuild and FY guidance on track.BAG
Trading Update - A.G. BARR forecasts robust revenue and profit growth, driven by strong brands and margin gains.BAG
Trading Update - Revenue and profit growth driven by strong brands and operational efficiency.BAG
H2 2025
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