Greencore delivers strong year of growth
Greencore reports 8% revenue growth and raises profit guidance ahead of full-year results, citing strong demand and innovation
Print8 October 2025
Greencore Group plc has today (8 October) announced a strong finish to its financial year, with revenue up 8% for both the fourth quarter and the full year ended 26 September 2025.
The convenience food manufacturer attributed its growth to new business wins, product innovation, and favourable trading conditions.
The Group now expects to report FY25 revenue of approximately £1.95 billion (€2.25 billion) and an adjusted operating profit of around £125 million (€144 million), above previous guidance.
New products
Greencore launched 130 new products in Q4 alone, including new food-to-go lines, premium sauces, and an enhanced mac and cheese range.
Operational performance remained high, with 99% service levels maintained throughout the year.
Volume growth was particularly strong in the food-to-go category, including sandwiches and sushi, with overall manufactured volume up 3%.
Cost efficiency and waste reduction helped drive profit conversion ahead of expectations, while net debt fell sharply to about £70 million (€80 million), well below target levels.
Looking ahead, the company remains focused on delivering high-quality, fresh food and progressing its proposed acquisition of Bakkavor Group plc, pending regulatory approval.
CEO Dalton Philips said: “We had another excellent quarter in Q4, which rounded out an exceptional year.
“I am proud of the Greencore team for the passion and commitment they bring each day, allowing us to deliver for our customers.
“While there are wider economic headwinds, the strong performance means we are again upgrading our full year guidance.
“Our focus in the new financial year remains on producing high-quality, fresh food for consumers across the UK.
“We look forward to completing the Bakkavor transaction, subject to regulatory approval, and remain excited about the potential of combining two great UK food businesses, enhancing our product offering for our customers and UK consumers.”
Read more: Greencore delivers ‘strong financial and operational performance in Q3’
© 2025, ShelfLife by Ryan Brennan
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