Potter & Moore (LSE:PAM), the British beauty and well-being brand owner and manufacturer formerly known as Creightons, reported revenue of £53.8m for the year ended 31 March, down 0.4% from £54.1m the prior year.
Profit before tax fell to £2.8m from £3.5m, while EBITDA (earnings before interest, tax, depreciation and amortisation) dropped £0.9m to £4.2m, as higher labour costs, including a £0.9m hit from National Living Wage and National Insurance increases, outweighed margin improvements.
Gross profit margin nonetheless rose 20 basis points to 44.9%, helped by manufacturing efficiency gains and procurement savings.
Private Label sales grew 9.0% to £31.8m, offsetting a 43.9% decline in Contract Manufacturing revenue to £3.7m after a major customer overstocked and shifted priorities.
Net cash rose to £3.2m from £3m, and inventory edged down to £8.8m.
"These results reflect the quality of our business model in a year when headwinds were considerable," said chief executive Philippa Clark, pointing to disruption at key retail partners and increased employment costs.
The Group changed its name from Creightons to Potter & Moore on 21 April, following its move to AIM in March 2025.
Non-executive director Nick O'Shea will retire and not stand for re-election at the upcoming annual general meeting, alongside Jemima Bird, prompting a search for a new independent non-executive director.
