Premier Foods (LSE:PFD) reported trading profit of £200.4m for the 52 weeks ended 28 March, up 6.7% versus the prior year and ahead of previously raised guidance.
Profit after taxation rose 9.4% to £136.6m, headline branded revenue increased 3.4% for the year with H2 strengthening to +4.7%, and headline revenue was 1.8% lower at constant currency reflecting reduced retailer cake stock in Australia; Premier Foods is one of Britain's largest food producers.
"Our continued focus on delivering profitable branded revenue growth has resulted in another year of strong earnings progression with full year Trading profit increasing to more than £200m," Alex Whitehouse, Chief Executive Officer, said.
Total Grocery branded revenue rose 2.3% and Sweet Treats branded revenue jumped 7.3%, UK branded revenue was up 3.7% (H2 +5.0%), US revenue grew 17% and Europe 9%, revenue from newly entered categories rose 37%, capital investment increased 25% to £51.9m, and acquired brands The Spice Tailor, FUEL10K and Merchant Gourmet all delivered double‑digit revenue growth.
The board increased the final dividend 20% to 3.36p and currently plans to introduce an interim dividend in FY26/27 with quantum to be updated at the half‑year results on 12 November, net debt/adjusted EBITDA is 0.4x and trading profit expectations for FY26/27 remain unchanged.
