Greencore Group plc (GNC) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.819 A huge thank you for being here this morning with Catherine and I and making your way 00:00:04.819 -- 00:00:10.368 across a hot London to be with us for our FY26 H1 00:00:10.368 -- 00:00:12.431 results. And we have people online as well. 00:00:12.431 -- 00:00:16.999 So we thank you for them joining us. Look, it's great to be presenting these results 00:00:16.999 -- 00:00:20.825 for the first time from our Green Corps London office, which will be familiar to many 00:00:20.825 -- 00:00:24.331 of you from previous back of war presentations. 00:00:24.331 -- 00:00:30.037 These results demonstrate that we're starting to reap the benefits of what we call internally 00:00:30.037 -- 00:00:35.163 better together. Two businesses that were each very strong in their own right, but 00:00:35.163 -- 00:00:40.169 now together can deliver even more following the acquisition, which completed 00:00:40.169 -- 00:00:45.335 in January. I'll open with some key messages and an overview of our 00:00:45.335 -- 00:00:49.920 new green core business. Catherine will cover the financials, and I'll close out with 00:00:49.920 -- 00:00:52.597 an operating review. 00:00:52.597 -- 00:00:57.806 So to start with, in my view, Greencore has never been in a better 00:00:57.806 -- 00:01:02.815 place. Firstly, the enlarged group has delivered strong operating profit growth of 00:01:02.815 -- 00:01:08.361 15.3% in the half and revenue growth of 3.2%. 00:01:08.425 -- 00:01:13.294 These numbers reflect the underlying growth rates for the new enlarged green core, and 00:01:13.294 -- 00:01:17.201 we're encouraged by the positive momentum. 00:01:17.201 -- 00:01:22.450 Catherine will speak more about the pro forma basis of calculation, but essentially includes 00:01:22.450 -- 00:0...