Hilton Food Group (HFG) Q3 2025 TU earnings summary

Executive summary

• Maintained resilient trading performance despite a highly inflationary environment, with solid volumes in red meat and convenience categories.

• Ongoing business review has identified opportunities to optimize operations, with an update expected in January 2026.

Financial highlights

• Net cash receipts of £71m received from Foods Connected and Fairfax Meadow transactions during the quarter.

• Adjusted pre-tax profit for FY25 expected in the range of £72m to £75m.

• Net debt at year-end expected to be only marginally higher than at the end of FY24.

Outlook and guidance

• Normal seasonal uplift in Q4 anticipated to support near-term performance.

• Board has become more cautious on 2026 outlook, expecting profit progression to be difficult due to inflation and operational disruptions.