Business
Preliminary Results
Preliminary Results.
About this update from Premier Foods Plc
[{"type":"text","content":"\n\n \n15 May 2025\nPremier Foods plc (the \"Group\" or the \"Company\")\n \n\n\n\n\nPreliminary results for the 52 weeks ended 29 March 2025\n\n\n\n\n \nStrong branded volume growth, Trading profit ahead of expectations and step up in dividend\n \n\n\n\n\nHeadline results* (£m)\n\n\nFY24/25\n\n\nFY23/24\n\n\nchange\n\n\n\n\nHeadline Revenue1\n\n\n1,147.8\n\n\n1,108.7\n\n\n3.5%\n\n\n\n\nHeadline branded Revenue1\n\n\n1,008.1\n\n\n958.1\n\n\n5.2%\n\n\n\n\nHeadline Trading profit2\n\n\n187.8\n\n\n177.2\n\n\n6.0%\n\n\n\n\nAdjusted profit before taxation5\n\n\n169.3\n\n\n155.6\n\n\n8.8%\n\n\n\n\nAdjusted earnings per share8 (pence)\n\n\n14.5\n\n\n13.5\n\n\n7.3%\n\n\n\n\nNet debt12\n\n\n143.6\n\n\n235.6\n\n\n£92.0m lower\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nStatutory measures (£m)\n\n\nFY24/25\n\n\nFY23/24\n\n\nchange\n\n\n\n\nRevenue (includes Charnwood & Knighton prior to exits)\n\n\n1,149.0\n\n\n1,137.5\n\n\n1.0%\n\n\n\n\nProfit before taxation\n\n\n161.3\n\n\n151.4\n\n\n6.5%\n\n\n\n\nProfit after taxation\n\n\n124.9\n\n\n112.5\n\n\n11.0%\n\n\n\n\nBasic earnings per share (pence)\n\n\n14.3\n\n\n13.0\n\n\n10.0%\n\n\n\n\nDividend per share (pence)\n\n\n2.8\n\n\n1.728\n\n\n62.0%\n\n\n\n\n \nAlternative performance measures above are defined below and reconciled to statutory measures throughout.\n* Headline results presented for both periods exclude effect of Charnwood & Knighton site closures; Headline revenue is stated at constant currency\nStatutory measures include Charnwood & Knighton results prior to closure\n \n\n\n\n\nStrong financial performance\n\n\n\n\n \n\n\n\n\n· Branded revenue1 up 5.2% due to strong branded volume growth; total headline revenue1 up 3.5%\n\n\n\n\n· Total Headline Grocery branded revenue1 up 4.6%, Sweet Treats branded revenue up 7.3%\n\n\n\n\n· Market share14 gains in both volume, up 80bps and value, up 21bps\n\n\n\n\n· Headline Trading profit ahead of expectations and up 6.0% versus prior year\n\n\n\n\n· Adjusted profit before taxation up 8.8% at £169.3m\n\n\n\n\n· Profit after taxation up 11.0%; basic earnings per share up 10.0% to 14.3 pence\n\n\n\n\n· &nbs...