Here is a summary of the financial report for Premier Foods plc for the 52 weeks ended March 29, 2025
## Overview
Premier Foods plc, a leading British food producer, reported strong financial results for the fiscal year ended March 29, 2025. The companys branded revenue increased by 5.2%, driven by strong branded volume growth. This resulted in a 3.5% increase in total headline revenue. The companys trading profit was ahead of expectations, with a 6.0% increase compared to the previous year. Adjusted profit before taxation rose by 8.8% to £169.3 million, and profit after taxation increased by 11.0%. The company also made significant progress in reducing its net debt, which was £92.0 million lower than the previous year.
## Financial Performance Highlights
Branded revenue increased by 5.2%, driven by strong volume growth, with total headline revenue up by 3.5%.
Headline trading profit was ahead of expectations, with a 6.0% increase compared to the previous year.
Adjusted profit before taxation rose by 8.8% to £169.3 million.
Profit after taxation increased by 11.0%.
Basic earnings per share rose by 10.0% to 14.3 pence.
Net debt decreased by £92.0 million compared to the previous year, and the net debt/EBITDA ratio improved to 0.7x.
The company agreed to a full pensions merger and removed the dividend match, and it is on track to achieve a full resolution by the end of 2026.
The dividend was stepped up by 62% to 2.8 pence per share.
## Strategic Priorities and Growth
UK branded revenue increased by 4.4%, driven by consistent execution of the branded growth model.
Capital investment increased by 26% to £41.4 million, in line with the companys strategy, driving efficiencies and capacity expansion.
New categories revenue grew by 46%, with progress across all initiatives.
International revenue increased by 23%, with double-digit revenue growth in all target regions.
The Spice Tailor and FUEL10K brands delivered double-digit revenue growth.
## Outlook
For the upcoming year, Premier Foods plc expects revenue growth to be supported by a strong product innovation program, and the companys expectations for trading profit growth remain unchanged. The company plans to increase capital investment to deliver attractive returns and actively explore M&A opportunities.