McBride (MCB) H2 2025 TU earnings summary

Executive summary

• Adjusted operating profit for the year ended 30 June 2025 is expected to be in line with expectations, reflecting continued financial improvement.

• Group revenue increased by 0.7% year-over-year on a constant currency basis, with strategic market progress and stronger customer partnerships.

Financial highlights

• Total volumes rose 4.3% compared to the prior year; private label volumes up 1.4%, contract manufacturing volumes up 48.9% due to new long-term contracts.

• Net debt reduced to £105.2m, a £26.3m decrease from the previous year, with net debt cover at 1.2x.

Outlook and guidance

• Annual dividends are set to be reinstated for the current financial year, with details to be announced alongside full-year results in September 2025.