Hilton Food Group Plc (HLTFF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us. We're pleased to present our 2025 full-year results today. Joining me this morning are Matt Osborne, CFO, Mel Chambers, COO for the East Region, Sami Zehu, COO for the West Region, and Martin Epsley, Investor Relations Director. You all know Matt and are getting to know Martin, but I also think it's important that you get to meet more of the wider leadership team, and I'll ask Mel and Sami to say a few words about themselves when they present later. I should mention Hannah Surtees is also with us today. Hannah's handed over the investor relations button to Martin. Going forward, she's going to head up our communications team and work closely with me on our strategy. I'd like to thank Hannah for the sterling job she's done in recent years and say how much I'm enjoying working with her. Over the next 35 minutes, we'll take you through the key highlights of the year, including our financial performance and our refresh strategy. Then there'll be time for questions. Let's start with our 2025 full year. Overall, we delivered solid financial performance in what has been a challenging operating environment. Adjusted profit before tax was 73.2 million, which is down around 3% year on year. This reduction reflects the impact of the disposal of Fairfax Meadow, together with the challenges in our seafood businesses and Dalco. Importantly, performance in our core meat operations in this challenging environment was stable. This demonstrates the resilience of our core business. We made good commercial progress during the year. We secured contract extensions in both the Netherlands and Denmark. This reinforces the strength of our long-standing customer relationships and the value we continue to deliver to our retail partners. In term...