REG - Barr(A.G.) PLC - Trading Statement

A G BarrAnnouncement

Tue 07:00

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RNS Number : 8564S  Barr(A.G.) PLC  29 July 2025

IMMEDIATE RELEASE
 
29 July 2025

A.G. BARR p.l.c

("A.G. BARR" or "the Company")

 

Trading Update

 

Continued revenue & profit growth; Full Year expectations unchanged

 

A.G. BARR p.l.c., the multi-beverage business with a portfolio of
market-leading UK brands including IRN-BRU, Rubicon, Boost and FUNKIN, today
announces a trading update for the 26 weeks ended 26 July 2025 (H1 2025/26).

H1 2025/26 Trading

H1 2025/26 revenue is expected to be c.£228m, c.3% up on the prior year (H1
2024/25:  £221.3m).  Overall, the Company's trading momentum increased as
H1 progressed, with several record volume weeks in Q2.

Brand revenue performance was led by Boost which delivered strong double-digit
growth.  IRN-BRU and Rubicon were flat in H1, with a stronger performance in
Q2.  FUNKIN saw continued off-trade growth partly mitigating challenges in
on-trade, with the overall trend improving during H1 and positive in Q2.

H1 adjusted operating margin is anticipated to be ahead of last year at
c.15.0% (H1 2024/25: 13.0%) driven by improved manufacturing efficiencies,
on-going benefits from our strategic business improvement initiatives and
continued disciplined cost management.

Strategy Update

We are pleased to announce the Company has acquired a 50.1% equity stake in
Innate-Essence Ltd, for an initial consideration of £15 million.
Innate-Essence is the home of The Turmeric Co., a leading brand in the
functional shots market, as well as a number of other speciality health
drinks.

This is consistent with the Company's strategy of acquisitions and innovation
in high growth, health focused, functional beverage categories.  The
investment has been funded from the Company's net cash position.  It is not
expected to have a significant impact on revenue or profit in the current
financial year.

The Company has also concluded the sale of the Strathmore brand and the Forfar
production site to Tŷ Nant, negatively impacting revenue in the short-term
but not profit.

Full Year Outlook

Our revenue and profit growth expectations for the full year are unchanged.
We are confident that H2 will see a strong rate of year-on-year revenue
growth.  We have made excellent progress with operating margin during H1 and
expect to deliver a full year result in line with expectations after taking
into account a planned higher level of marketing activity in H2.

Euan Sutherland, Chief Executive Officer, commented:

"We are pleased to report continued revenue growth and strong profit growth in
the first half of the financial year.  Trading improved during H1 and we
enter H2 with strong momentum and continued progress on margin improvement as
our strategic initiatives continue to deliver.  I am also excited about our
expansion into the functional beverage segment working alongside Thomas
Robson-Kanu and the Innate-Essence team.  Our full year guidance remains
unchanged and in line with market expectations."

For more information, please contact :

A.G. BARR
 
MHP GROUP

0330 390 3900
                                             07801 894
577

Euan Sutherland, Chief Executive
Officer
agbarr@mhpgroup.com

Stuart Lorimer, Chief Finance and Operating Officer
         Oliver Hughes

Ewan Dytch, Corporate Finance Director
                    Rachel Farrington

 
 
         Veronica Farah

 

 

 

 

 

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