McBride (MCB) Trading update summary

Trading conditions and cost pressures

• Sustained increases in petrochemical and energy-intensive material costs due to the ongoing Middle East conflict have exceeded initial expectations.

• Price recovery actions, including a second phase, have been implemented to offset rising input costs, but a time lag means financial impact will be felt in Q4 FY26 and Q1 FY27.

• Direct cost pressures are not expected to rise significantly further or decline meaningfully in the near term.

• Adjusted EBITA for FY26 and FY27 is now expected to be 5–10% lower than current analyst consensus (£64.2m for FY26, £70.6m for FY27).

• Demand for private label cleaning products remains resilient and growing amid general inflation and affordability challenges.

Acquisition update

• Completion of the Eurotab acquisition is expected on or around 1 July 2026.

• The acquisition will strengthen the Unit Dosing division's position in the European detergent market and add meaningful scale.

• A further announcement will confirm completion in early July.