Business
2025 Full Year Trading Update
Hilton Food Group plc anticipates its 2025 adjusted profit before tax will be within the £72m to £75m guidance range, with net bank debt expected around £135m, reflecting recent divestments and inventory management. The company experienced good Christmas trading in red meat and salmon, securing contract renewals in the Netherlands and Denmark, but anticipates significantly higher US stock write-offs for Foppen smoked salmon due to ongoing restrictions in Greece. For 2026, Hilton Foods forecasts adjusted profit before tax between £60m and £65m, citing continued US export restrictions and inflationary pressures, while a strategic review is nearing completion and expected to reinforce focus on core meat capabilities. Disclaimer*
About this update from Hilton Food Group Plc
29 January 2026 HILTON FOOD GROUP PLC 2025 FULL YEAR TRADING UPDATE Hilton Food Group plc ('Hilton Foods' or 'the Group'), the leading international multi-protein food business, today provides a trading update for the 52-week period to 28 December 2025. · 2025 adjusted financial results expected to be in line with expectations · Continuing caution on 2026 outlook Full Year 2025 Performance · Full year 2025 adjusted profit before tax expected to be within the previously provided guidance range of £72m to £75m. · Net bank debt expected to be around £135m (FY2024 £131.4m). This reflects recent divestments, and a planned partial unwind of inventory built in the UK in the first half of 2025 to support peak seasonal demand. · As expected, good Christmas trading across red meat and salmon categories. · Continued strength in long-term customer partnerships has led to successful contract renewals in core retail meat partnerships in the Netherlands and Denmark. · Foppen continues to supply smoked salmon to the US market from its Netherlands facility, following ongoing restrictions imposed at its facility in Greece. US stock write-offs are now expected to be significantly higher than previously indicated. The Group currently anticipates treating this cost as a non-underlying item. All 2025 reported financial figures remain subject to audit. 2026 Outlook We expect the restrictions on smoked salmon exports from Greece to the US to remain for at least the first half of 2026 and the inflationary pressures in beef and white fish to continue. While we are actively working on opportunities for business transformation and profit improvement against this backdrop, we remain cautious on the outlook for the year. We now expect 2026 adjusted profit before tax to be within the range of £60m to £65m. Strategic Review The Group's strategic review is nearing completion. We will share its conclusions and provide further detail, including updated key performance indicators and refreshed medium term targets, alongside our 2025 full year results. The review is expected to reinforce Hilton Foods' focus on the core meat capabilities that have underpinned its long-term success. It is also expected to highlight those areas that sit outside...
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