Business
2025 Preliminary Results
Nichols PLC reported its 2025 preliminary results, showing a 1.3% increase in revenue to £175.1 million, driven by growth in UK packaged sales and a strategic shift to a margin-enhancing concentrate model internationally. Adjusted operating profit rose by 9.9% to £31.7 million, and adjusted profit before tax increased by 7.0% to £33.6 million, reflecting disciplined cost management and a strong gross margin of 46.1%. The company maintained a robust cash position of £55.7 million, though free cash flow decreased to £13.8 million due to working capital timing. A final ordinary dividend of 18.7p per share is proposed, and the company anticipates continued positive trading in 2026. Disclaimer*
About this update from Nichols Plc
[{"type":"text","content":"\n\n11 March 2026 \n\n \n2025 Preliminary Results\n \nDelivery of strategic initiatives drives strong profit growth in-line with expectations \n \nNichols plc ('Nichols', the 'Company' or the 'Group'), the diversified soft drinks group, announces its Preliminary Results for the year ended 31 December 2025 (the 'Period').\n \n\n\n\n\n\n\n\nYear ended\n31 December 2025\n\n\nYear ended\n31 December 2024\n\n\nMovement\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup Revenue\n\n\n£175.1m\n\n\n£172.8m\n\n\n+1.3%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted Operating Profit1\n\n\n£31.7m\n\n\n£28.9m\n\n\n+9.9%\n\n\n\n\nOperating Profit\n\n\n£27.3m\n\n\n£21.5m\n\n\n+27.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted Profit Before Tax (PBT)1\n\n\n£33.6m\n\n\n£31.4m\n\n\n+7.0%\n\n\n\n\nProfit Before Tax (PBT)\n\n\n£29.2m\n\n\n£24.0m\n\n\n+21.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted PBT Margin1\n\n\n19.2%\n\n\n18.2%\n\n\n+1.0ppts\n\n\n\n\nPBT Margin\n\n\n16.7%\n\n\n13.9%\n\n\n+2.8ppts\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA 2\n\n\n£33.8m\n\n\n£30.8m\n\n\n+9.6%\n\n\n\n\nEBITDA3\n\n\n£29.4m\n\n\n£23.5m\n\n\n+25.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted earnings per share (basic)1\n\n\n67.53p\n\n\n64.02p\n\n\n+5.5%\n\n\n\n\nEarnings per share (basic)\n\n\n58.67p\n\n\n48.84p\n\n\n+20.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and cash equivalents\n\n\n£55.7m\n\n\n£53.7m\n\n\n+3.8%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFree Cash Flow4 (FCF)\n\n\n£13.8m\n\n\n£17.8m\n\n\n-£4.0m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted Return on Capital Employed5\n\n\n34.1%\n\n\n31.0%\n\n\n+3.1ppts\n\n\n\n\nReturn on Capital Employed6\n\n\n29.4%\n\n\n23.1%\n\n\n+6.3ppts\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProposed Final Dividend\n\n\n18.7p\n\n\n17.1p\n\n\n+9.4%\n\n\...