)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Macfarlane Group
Macfarlane Group (MACF) investor relations material
Macfarlane Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary1 Sep, 2026
Executive summary
Revenue increased by 2% year-over-year to £148.9m in H1 2026, with early signs of profit recovery and Packaging Distribution returning to organic profit growth.
Pitreavie returned to profitability in Q2 2026 after operational setbacks in 2025.
Sales growth was primarily price-driven, with new business momentum up 40% year-over-year.
Cost inflation from Middle East events was managed, and headcount in distribution was reduced by 6% to control costs.
Dividend was maintained at 0.96p per share, and a new £6m share buyback programme will commence in October 2026.
Financial highlights
Group revenue grew 2% year-over-year to £148.9m, with gross margin stable at 37.7%.
Adjusted operating profit declined 3% to £9.5m, and adjusted profit before tax fell 9% to £7.2m.
EPS fell 9% year-over-year to 3.45p, and basic/diluted EPS were 2.22p.
Net bank debt increased to £17.9m, mainly due to higher inventory and working capital absorption.
Net cash inflow from operating activities was £10.3m, down from £12.4m in H1 2025.
Outlook and guidance
No significant market catalysts expected; focus remains on executing the profit recovery plan and cost control.
Targeting a return to 7%-8% net margin in distribution within three years through organic growth and margin maintenance.
Expect stronger sales in H2 2026, with slight margin weakening due to ongoing input cost pressures.
M&A activity is on hold until profit recovery is further advanced and market valuations improve, with a potential return to acquisitions in early 2028.
Full year trading expected to be in line with market expectations.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Macfarlane Group
- Strong growth, customer focus, and all AGM resolutions passed with high shareholder support.MACF
AGM 2025 presentation - Profit recovery and operational efficiency prioritized as all AGM resolutions pass decisively.MACFAGM 2026 presentation
- 2026 trading meets expectations, with profit recovery and organic growth driving outlook.MACFTrading update
- Adjusted operating profit fell 28% despite 11% revenue growth; recovery efforts are underway.MACFH2 2025
- Performance on track for 2025; Pitreavie recovery and pension buy-in plans underway.MACFTrading Update
- Revenue up 13% but profit and EPS down; Manufacturing outperforms, H2 outlook improves.MACFH1 2025
- 2025 profit guidance cut by 10% as distribution weakens, but manufacturing stays strong.MACFTrading Update
- Revenue down 8%, but improved margins and acquisitions supported resilient performance.MACFH1 2024
- Profit rose 3% despite a 4% revenue drop, supported by acquisitions and margin gains.MACFH2 2024
Next Macfarlane Group earnings date
H2 20262 Mar, 2027
Macfarlane Group
Next Macfarlane Group earnings date
H2 20262 Mar, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Macfarlane Group PLC is a UK-based company in the packaging sector, with a significant presence in the UK, Ireland, and Continental Europe. The company's operations are primarily divided into two main areas: Packaging Distribution, which accounts for the majority of its sales, and Packaging Design and Manufacture. The company's design and manufacture division focuses on creating bespoke packaging solutions, particularly for high-value products requiring protection during storage and transit, servicing sectors such as electronics, aerospace, and medical. The company is headquartered in Glasgow, Scotland, and its shares are listed on the London Stock Exchange.