REG - Coral Products PLC - Final Results
31/10/2025 07:00
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RNS Number : 5962F Coral Products PLC 31 October 2025
31 October
2025
CORAL PRODUCTS PLC
('Coral' or the 'Company' or the 'Group')
Final Results and Directorate Change
"A year of recovery and profitability"
Coral Products PLC, a specialist in the design, manufacture and supply of
specialist plastic products based in Wythenshawe, Manchester, today announces
its results for the year ended 30 April 2025 ("FY25").
FINANCIAL HIGHLIGHTS:
· Profit after Tax £637k; FY24: (£1.129M)
· Revenue* of £31.045M, slightly ahead of FY24: £30.991M
· Gross Margin down at 32.56%; FY24: 34.45 %
· EBITDA £2.873M; FY24: £1.535M
· Earnings per share 0.72p; FY24: (1.26)p loss
*Includes Intercompany sales of £1.2M
OPERATIONAL & STRATEGIC HIGHLIGHTS:
· Restructured and re-sized the business with overhead reduction
(including senior management positions)
· Successful correction of the operating performance of the £3M
investment in machines and tooling, now delivering target sales levels and
vertical integration within the Group
· £1.821M capital investments in the year to support development
and growth in future years
· Successful strategic acquisition of Arrow Film Converters Ltd
("Arrow Film"), as announced on 1 April 2025, which strengthens the Group's
'Flexibles Division'
· Greater asset utilisation and capacity increases from existing
equipment with a £50M manufacturing capacity on a Group basis
· Secured the renewal of a 3-year supply agreement for leading UK
Telecommunications contract announced on 4 March 2025 and effective from April
2025
· New business wins in H2 carrying into FY26
· Completed the sale and leaseback of two properties in the period
· Successfully concluded long-standing insurance claim from Film
& Foil Solutions Ltd at expected value
· Paul Rice appointed as Group Finance Director on 17 February 2025
POST YEAR END OPERATIONAL HIGHLIGHTS:
· Ian Hillman appointed as Group CEO in May 2025 and Rob David
appointed as Group Operations Director
· Successful closure and operational integration of Customised
Packaging Ltd (CPL) into the Manplas Ltd business
· The Group purchased 203,000 of its own shares into treasury at an
average cost of 9.7p. Following these purchases, the Group's total number of
ordinary shares carrying voting rights is 88,829,697
Outlook
· The results for the first five months of this year are
encouraging, trading ahead of expectations and benefiting from the excellent
operational and commercial progress made in H2 2025. Having restored stronger
foundations and organisational structure, we consider the Group to be
strategically well-positioned for sustainable growth in our key operating
divisions and market sectors.
Joe Grimmond, Chairman, commented:
"Following a very disappointing first half which resulted in a pre-tax loss of
(£1.145M), we took decisive action by appointing a largely new executive team
with a clear focus on strengthening our operational fundamentals. I am pleased
to report that these actions and changes have led to significant improvements
in the Group's operational and financial performance, as clearly demonstrated
in these results.
"I'm also pleased to report that the new financial year ("FY26") has started
strongly, despite the prevailing economic challenges. The robust performance
achieved in the first five months gives us confidence in our ability to
deliver continued improvement going forward."
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain. The
Directors of the Company take responsibility for this announcement.
For further information please contact:
Coral Products Plc
www.coralproducts.com (http://www.coralproducts.com)
Joe Grimmond, Non-Executive
Chairman
Tel: 0161 946 9460
Ian Hillman, Chief Executive Officer
Tel: 0161 507 9302
Cairn Financial Advisers LLP - NOMAD and
Broker Tel: 020 7213
0880
Sandy Jamieson / Ludovico Lazzaretti
About Coral Products:
Coral Products Group is a specialist producer of technical and added value
polymer products produced from both rigid and flexible substrates that combine
to offer customers the widest choice of products and packaging solutions.
Based in the UK with 5 manufacturing facilities and 2 distribution locations
the business is trusted by leading UK brands and companies across food
packaging, retail, personal care, household, construction, automotive and
tele-communication sectors.
Chairman's statement:
Given the challenges faced within the year, this is a solid performance. Much
has been achieved in the year to include a significant organisational
re-structure, overhead reduction, operational alignment and increased business
integration, resulting in an increase in intercompany sales across the Group,
all contributing to an impactful H2 turnaround.
The acquisition of Arrow Film, completed on 2 April 2025, and has been
successfully integrated into the Group and, as a result, we have strengthened
the Group's Flexibles Division. This acquisition has further improved our
capability expansion with the introduction of modern print presses, in-house
reprographics, and additional lamination capacity offers our customers a
unique opportunity to purchase a full range of flexible packaging and
thermoformed products from one source.
FY25 was a year focused on reorganisation. Whilst the first half of the year
was challenging; decisive actions were taken by the Board and management
including strengthening the leadership team which created stability and
re-focused the Group on its core strategy. The benefits of these actions were
evident in the second half of the year, and I am pleased that the Group was
able to deliver a financial performance ahead of market expectations and
return the business to profitability.
Encouragingly, the first five months of FY26 have started positively, with
trading ahead of internal forecasts and margins improving. This provides
confidence that the Group is now on track for the current financial year.
Throughout my tenure, I have been consistently impressed by the
professionalism, commitment and resilience of our employees. Their ability to
adapt to changing circumstances and to support our customers with innovation
and service has been central to Coral's success. On behalf of the Board, I
would like to thank every colleague for their hard work and dedication and to
Ian and his senior team for leading the recovery in the second half.
The Board remains committed to building on the progress made to date. With a
clear strategy and strong leadership, Coral is well positioned to continue its
transformation journey, achieve organic growth, and pursue selective
acquisitions to broaden its capabilities.
Dividend:
The Board has carefully considered the Group's dividend policy in combination
with the operational and strategic ambitions of the business. While no final
dividend is recommended at this stage, the position will be kept under review
and dividends will be considered in line with trading performance, cash
generation and investment priorities.
Outlook:
The Group has created a strong foundation to actively pursue additional
strategic acquisitions to add to its organic growth potential and enhance
shareholder returns.
This year marks an important moment for me personally and the Group. After
more than 14 years serving the Coral Board in various roles as Non-Executive
Director, Executive Chairman and most recently Non-Executive Chairman, I have
decided to step down from the Board at the forthcoming AGM and am pleased to
confirm that David Low (Senior Non-Executive Director) will take over as
Non-Executive Chairman. It has been a privilege to support Coral Products
Group through a period of significant growth, challenge and transformation,
and I am proud of the progress the business has made. I would like to thank
all my colleagues past and present and the valued shareholders and customers
for your continued trust and support in this wonderful business.
It has been a personal honour to serve the Group and its shareholders. I look
forward to following Coral Products' continued success in the years ahead and
wish my colleagues every success in delivering the next phase of growth.
Joe Grimmond
Chairman
30 October 2025
Chief Executive Officer's Statement
FY25 represents my first set of results as Chief Executive Officer of Coral
Products Group and I am delighted to be leading this great business. It has
been a year of transition and reset, and we are pleased to have delivered a
set of results that materially exceed market expectations following our H1
results in January 2025:
Year End April Audited Full Year to 30 April 2025 Unaudited Six Months to 31 October 2024 (Interim Results dated 27th January Unaudited Unaudited Variance
2025)
Six Months to 30 April 2025
Revenue £29.8M £15.8M £14.0M -11.4%
Total Segmental Revenues £000's ** £31.0M £16.3M £14.8M -9.2%
Gross Margin 32.5% 30.4% 34.9% +4.5%
EBITDA £2,873K £224K £2,649K +£2,425K
Operating (Loss) / Profit £1,197K £(618k) £1,815K +£2,433K
**Includes £1.2M of Intercompany sales; Six Months to 30(th) April includes
2-week Christmas closure
While the early part of the year was challenging, reflecting both the wider
economic pressures and specific operational and trading issues within the
Group, we took decisive action to include, a Group restructure, and changes to
leadership and divisional accountability. This resulted in greater stability
for the Group and improved visibility across the business.
The second half of the year demonstrated the benefits of these actions. New
machinery became fully operational, delivering improved sales and margins,
while targeted cost measures strengthened the Group's cash generation. The
successful acquisition Arrow Film further provides an immediate revenue and
margin contribution and broadens our flexible packaging capabilities with
vertical integration.
Key Performance Indicators - FY25 vs FY24
Revenue; operating profit and margin FY25 FY24 Change
Revenue * £31,045K £30,991K +£54k
Gross Margin % 32.5% 34.4% -1.9%
PBT / (Loss) after tax £637K (£1,129)K +£1,766k
EBITDA *** £2,873K £1,535K +£1,338k
Return on Capital Employed 6.4% (0.83)% +7.23%
Net Assets £12.0M £11.8M +£0.2M
Gearing %** 58.7% 63.7% -5.0%
*Including intercompany Sales of £1.2M
** Excluding Right of use assets
*** Refer to notes 6 and 30 in the Report & Accounts
Our financial performance for the year, which includes separately disclosed
income of £2,843k (2024: £nil) and separately disclosed expenditure of
£1,498k (2024:£1,985k) in the year, materially exceeded full year
expectations and delivered improvement gains on all the key performance
measures compared to the prior year. The business has retained a strong
balance sheet which is underpinned by operational improvements, new business
wins, and the early benefits of greater integration between our divisions.
These results reinforce our belief that the Group's potential is not yet fully
reflected in market sector performance, and that future opportunities exist
both organically and through selective acquisitions.
Divisional Performance Overview:
Sales FY25 FY24 Change % % Group Sales of Total Sales Inter Co Sales Capital Invested in the year
Rigid Division £12.7M £12.9M -1.5% 9.45% £1.2M £276K
Distribution £6.4M £6.1M +5.8% - - £29K
Flexible Division £11.9M £11.9M - - - £1,516K
Flexible Division:
The industry-wide softening in the packaging market was demonstrable in the
like-like for revenue between FY25 and FY24, however margin and organisational
improvements ensured that we started to deliver improvements in H2 and beyond.
In April 2025, we welcomed new colleagues following the asset purchase of
Arrow Film Converters which has resulted in a gain on bargain purchase of
£2.58M. We have successfully integrated this business into the Group and the
combination of the 3 businesses that form our Flexibles division now offer an
even stronger product offering to customers. We expect this to result in new
business opportunities in the current financial year and increase our
strategic importance in this market sector.
During the year, we committed to investing in an important and strategic R-Pet
(Recycled Polyester) extrusion line into the Alma Products Ltd business. This
was required to extend the existing extrusion capabilities of Polypropylene
(PP), Polythene (PE), Polystyrene (PS) and Acrylonitrile Butadiene Styrene
(ABS) in line with the market movement to R-Pet substrates. This new
extrusion line is expected to be fully operational in November 2025 and
provides us with the opportunity to secure existing business whilst creating
new customer opportunities. This investment marks an important strategic
development of Alma Products.
Additional investment into Alma Products Ltd was also committed in granulation
machinery and a palletising line, creating the facility to convert waste into
resin pellets for re-use within our own extrusion production. The ability to
process pelletised resin waste allows us to produce and offer products with
more than 30% post-consumer waste (PCR) and provides commercial benefits. With
these additional facilities, we are beginning to partner with key customers to
recycle their process waste into the base film and / or the finished
thermoformed product as part of our 360-degree circular materials strategy
and, in turn, enhance our focus on sustainability.
Capital investment into Film & Foil Solutions Ltd saw us introduce the
manufacturing of three new speciality processes, such as stand-up pouches (a
growth product within the flexible packaging market), solventless lamination,
used to bind multiple substrates, and specifically, single polymer substrates
that are used to offer more sustainable packaging as they become fully
recyclable, and finally, bag production.
I am pleased to report that all of the capital investments made in the year
are delivering new business and a growing pipeline of sales opportunities. In
addition, we continue to structure our commercial strategy towards our
integrated portfolio that offers customers a range of complimentary products
from one source.
Rigid Division:
Following a subdued market in H1 2025, we increased sales in H2 2025 primarily
by addressing the operational issues associated with the new machinery
investments made in 2023 and the Eco-Deck grids. The optimisation of the new
machinery investments (approximately £3M) was the primary operational focus
in H2 2025, resulting in the full suite of machines producing the targeted
range of products with incremental output throughout Q3 and Q4 2025. In the
case of the Eco-Deck grids, we have increased the capacity with process
improvements, and the introduction of a 4(th) Injection moulding machine
provides sufficient capacity to produce 100% of the Eco-Deck grid volumes
in-house with no 3(rd) party supply dependency, allowing us to manage the
supply chain, control product costs and offer customers security of supply.
We have also seen a steady increase in volumes in our range of bottle caps and
closures and ice cream container production, which also formed part of the
£3M machinery investment.
The integration and site closure of the Customised Packaging Ltd business has
been a focus within the second half of the year, and this was successfully
concluded in July 2025. The project incurred some large exceptional costs,
including stock write downs. The rationalisation of both site and labour costs
will support the Manplas Ltd business performance in Q3 of FY26 and beyond.
Continued efficiencies and cost improvement measures across the two
manufacturing businesses continue with particular focus on the Manplas Ltd
business.
The Group took the opportunity to consolidate the sheet extrusion production
conducted within the former Customised Packaging Ltd business into the Alma
Products Ltd business, with the transfer of an extrusion line, allowing us to
focus this specialist process of extrusion in one Group business. We recognise
Alma Products Ltd as having extrusion as its core competence, thus improving
the utilisation of existing assets, skills and expertise in the Group and
creating more opportunity for growth and development for extruded sheet in the
market. As a result, Manplas Ltd becomes a customer of Alma Products Ltd.
The successful retention and issue of a new 3 -year supply agreement
(aggregated sales value estimated circa £12M-£15M over the 3- year period)
with a leading telecoms customer effective from April 2025 was a particular
highlight. An additional 3-year supply agreement for the supply of ice cream
containers (estimated at £1.5M-£2M of sales per annum) combine to provide
added surety of volumes and revenue into FY26 and beyond.
Distribution:
Both businesses benefited from the successful manufacturing of core products
within the Group (Rigid division), creating a stronger and more flexible
service proposition to customers, improved cost control to support new
business development.
The in-house manufacture of key products also created the opportunity to
produce and launch additional products and, in the case of Eco-Deck, a range
of coloured ground markers that create car parking spaces, disabled spaces,
electric car charging spaces by using the cavities within the grids. These
markers are in full production and gaining traction within the market.
Investment, Capacity and Sustainability
During the year, we continued to invest net £1.8M in capital expenditure
across the Group. The capital expenditure was centred around plant and
machinery, process improvements, tooling for new projects, capacity increases
from existing equipment and recycling equipment to support our sustainability
objectives. We are proud to now actively offer customers a genuine 360(o)
circular supply relationship, enabling our customers the opportunity to return
waste to us for 'batch recycling', which can then be processed back into their
materials purchased from us, delivering a full circular solution aligned to
both customer and our own sustainability objectives.
Sustainability sits at the centre of our innovations and investments, with
product development increasingly focused on supporting customers in addressing
the cost implications of Extended Producer Responsibility (EPR). This includes
changes to material specifications, product design and recycling pathways,
enabling our customers to both reduce costs and meet their regulatory and
environmental commitments.
Having re-set and re-structured the Group, creating greater stability and
visibility within each of our divisions and manufacturing businesses, we are
confident that we can support organic growth within our manufacturing capacity
of approximately £50m. Alongside this, we will continue to seek selective
acquisition opportunities to accelerate growth and broaden our capabilities
and product offering.
Strategy & Our Focus:
In the short term, we will continue to strengthen the foundations of our
business and look at additional synergies where we can reduce cost. We will
focus on disciplined cash management with prudent capital expenditure that
offers disciplined ROCE targets.
We expect to continue and deliver meaningful sales and margin expansion in
FY26. Our primary focus is to continue to grow and scale the business
profitably, sustainably and at pace. With an estimated £50M manufacturing
capacity in market sectors, that continue to offer annual growth and have
requirements for technical solutions and responses to changing demands, we
recognise solid opportunities for organic growth, and we have confidence that
our integrated range of products increases our chances of success. The
business continues to work hard to expand our market share in established
markets and we need to continue to hone our business development and product
innovation skills for the years ahead.
Our results for this past year are not wholly representative of the general market sector performance, and we therefore recognise opportunities for further consolidation and M&A activity, therefore, we see organic growth as another key part of our growth strategy that will accelerate our growth ambitions. We continue to be productive in our research and seek to be ready to react quickly to a viable opportunity when it materialises, evidenced in the successful acquisition of Arrow Film.
Given the above, my priorities as CEO remain clear:
· To leverage our £50M manufacturing capacity to drive organic
growth
§ To maintain a disciplined approach to investment and innovation,
particularly in sustainability and recycling solutions, supporting customers
with the cost implications of EPR
· To pursue acquisition opportunities that strengthen our market
position, broaden capability, and accelerate growth
Outlook
We are excited about the future and have a refreshed confidence in our own
capabilities. As a UK manufacturer with design, innovation and integrated
recycling strengths, we can support our customers with commercially driven
product changes and solutions to accommodate the rapidly changing
sustainability landscape.
We have secured several significant new business wins, with production
commencing progressively during FY25 and FY26. These contract gains are an
important driver of medium-term revenue and margin growth. The first five
months of this year have started well, with significant revenue increases and
profit performance materially ahead of expectations. Whilst we are pleased
with the Group's performance for the first five months, we are not complacent,
and we are always mindful of the ever changing and challenging macroeconomic
and geopolitical climate. Accordingly, we will continue with effective and
prudent cost management measures and maximise our synergies through resource
allocation across the Group.
Closing remarks:
I would like to thank all our colleagues across the Group for their commitment
and professionalism during what has been a challenging but ultimately
successful year of change. Their resilience and adaptability give me
confidence that we will continue to build on the momentum created into FY26
and beyond.
The Annual Report also marks the final statement from Joe Grimmond, who will
step down as Chairman at the AGM after more than 14 years in leadership roles
within the Coral Products Group. Joe's strong leadership, personality, high
expectations and entrepreneurial acumen has left his DNA inherent within the
business, and he will be missed by colleagues across the Group. On behalf of
all our employees, I would like to thank him for his immense contribution and
personal achievements.
Looking ahead, I am pleased that our long serving senior, independent
Non-Executive Director, David Low, who has served on the Board since 2018,
will assume the role of Non-Executive Chairman. David's detailed understanding
of the business, coupled with extensive investment banking experience,
position him well as an ideal replacement to Joe, I am sure David will
continue to guide the Group as we pursue disciplined capital investment and
acquisition opportunities.
Ian Hillman
Chief Executive Officer
30 October 2025
Group Income Statement
for the year ended 30 April 2025
2025 2024
Note As restated
£'000 £'000
Revenue 29,831 30,991
Cost of sales (20,124) (20,315)
Gross profit 9,707 10,676
Operating costs
Distribution expenses (1,386) (1,383)
Administrative expenses before other separately disclosed items (8,469) (7,449)
Other separately disclosed items 1,345 (1,985)
Administrative expenses (7,124) (9,434)
Operating profit 1,197 (141)
Finance costs (981) (1,021)
Profit /(Loss) for the financial year before taxation 216 (1,162)
Taxation 421 33
Profit /(Loss) for the financial year attributable to the equity holders of 637 (1,129)
the parent
Basic Earnings/(loss) per ordinary share 3 0.72p (1.26)p
Diluted Earnings/(loss) per ordinary share 3 0.72p (1.26)p
Group Statement of Comprehensive Income
for the year ended 30 April 2025
2025 2024
£'000 As restated
£'000
Profit/(Loss) for the financial year 637 (1,129)
Total other comprehensive (loss)/profit (9) -
Total comprehensive income/(loss) for the year attributable to equity holders 626 (1,129)
of the parent
The accompanying accounting policies and notes form an integral part of these
financial statements.
Statement of Financial Position
as at 30 April 2025
As at 30 April As at 30 April As at 30 April
2025 2024 2023
As restated As restated
£'000 £'000 £'000
ASSETS
Non-current assets
Goodwill 3,973 3,973 4,385
Intangible assets 4,829 1,958 2,956
Property, plant and equipment 7,093 7,053 7,209
Right of use assets 3,239 2,077 2,870
Investments in subsidiaries - - -
Deferred tax - - -
Total non-current assets 19,134 15,061 17,420
Current assets
Inventories 4,848 4,743 4,320
Trade and other receivables 7,489 6,644 7,193
Cash and cash equivalents 788 2,014 4,774
Assets held for sale - 1,706 200
Total current assets 13,125 15,107 16,487
LIABILITIES
Current liabilities
Other borrowings 6,060 6,534 6,063
Lease liabilities 904 721 970
Trade and other payables 6,332 5,901 7,438
Provisions 261 - -
Total current liabilities 13,557 13,156 14,471
Net current (liabilities) / assets (432) 1,951 2,016
Non-current liabilities
Term loan 1,771 3,298 3,263
Lease liabilities 3,489 891 1,505
Deferred tax 1,436 986 1,040
Total non-current liabilities 6,696 5,175 5,808
NET ASSETS 12,006 11,837 13,628
SHAREHOLDERS' EQUITY
Share capital 903 903 903
Treasury shares (186) (170) -
Retained earnings 11,289 11,104 12,725
TOTAL SHAREHOLDERS' EQUITY 12,006 11,837 13,628
Statement of Changes in Shareholders' Equity
for the year ended 30 April 2025
Called Up
Share Treasury Shares Retained Total
Group Capital £'000 Earnings Equity
£'000 £'000 £'000
At 1 May 2023 (as previously reported) 903 - 12,945 13,848
Impact of prior year restatement - - (220) (220)
At 1 May 2023 (as restated) 903 - 12,725 13,628
Loss for the year (as restated) - - (1,129) (1,129)
Other comprehensive income for the year - - - -
Total comprehensive income for the year - - (1,129) (1,129)
Contributions by and distributions to owners
Equity settled share-based payments - - 43 43
Treasury shares - (170) - (170)
Dividend paid - - (535) (535)
At 1 May 2024 903 (170) 11,104 11,837
Profit for the year - - 637 637
Other comprehensive income for the year - - (9) (9)
Total comprehensive income for the year - - 626 626
Contributions by and distributions to owners
Equity settled share-based payments - - 2 2
Purchase of treasury shares - (16) - (16)
Dividend paid - - (445) (445)
At 30 April 2025 903 (186) 11,289 12,006
Group Cash Flow Statement
for the year ended 30 April 2025 2025 2024
Note As restated
£'000 £'000
Cash flows from operating activities
Profit for the year 637 (1,129)
Adjustments for:
Depreciation of property, plant and equipment 723 638
Depreciation of right of use assets 722 716
Amortisation of intangible assets 255 535
Share based payment charge 2 43
Gain on bargain purchase (2,578) -
Profit on disposal of buildings (33) -
Impairment of building - 34
Impairment of goodwill and intangibles - 875
Change in fair value of contingent consideration (15) 215
Change in provisions 261 -
Interest payable 981 1,021
Taxation (credit) (421) (33)
Operating cash flows before movements in working capital 534 2,915
(Increase) in inventories (60) (423)
(Increase)/ decrease in trade and other receivables (574) 549
Increase/(decrease) in trade and other payables 200 (1,598)
Net cash generated from operating activities 100 1,443
Cash flows from investing activities
Net cash on disposal of building 1,899 -
Net cash on disposal of property, plant & equipment 1,794
Cash outflows on business combination (net of cash acquired) (675) (15)
Payment of contingent consideration (170) -
Acquisition of property, plant and equipment (869) (2,145)
Net cash generated from/(used in) investing activities 1,979 (2,160)
Cash flows from financing activities
New bank borrowings raised - 2,299
Dividends paid 3 (445) (535)
New lease liabilities 998 -
Interest paid on bank borrowings (333) (200)
Interest paid on invoice discounting (417) (437)
Interest paid on lease liabilities (202) (384)
Repayments of bank borrowings (2,758) (530)
Repayments of obligations under lease liabilities (889) (863)
Purchase of treasury shares (16) (170)
Net cash generated from/ (used in) financing activities (4,062) (820)
Net decrease in cash and cash equivalents (1,983) (1,537)
Cash and cash equivalents at 1 May (2,462) (925)
Cash and cash equivalents at 30 April (4,445) (2,462)
Cash 788 2,014
Invoice discounting facility (5,233) (4,476)
(4,445) (2,462)
The accompanying accounting policies and notes form an integral part of these
financial statements.
1. Basis of preparation
The financial information set out above does not constitute the Group's
statutory accounts for the years ended 30 April 2025 or 2024 within the
meaning of Section 434 of the Companies Act 2006 but is derived from those
accounts. Statutory accounts for 2024 have been delivered to the Registrar of
Companies and those for 2025 will be delivered following the company's General
Meeting.
The financial statements have been prepared on a historical cost basis (except
for certain financial instruments, land and buildings and share-based payments
that have been measured at fair value), and in accordance with the AIM Rules
and UK adopted International Accounting Standards.
2. Earnings per share
Number of Shares 2025 2024
Weighted average number of shares 90,277,589 90,277,589
Effect of weighted average number of treasury shares (1,236,511) (723,409)
Weighted average number of shares for the purposes of basic earnings per share 89,041,078 89,554,180
Effect of share options - 139,579
Weighted average number of shares for the purposes of diluted earnings per 89,041,078 89,693,760
share
2025 2024
Weighted average number of shares Earnings per share Weighted average number of shares (Loss)/
(pence) (Loss)/ earnings earnings per share
Earnings £'000 (pence)
£'000
Profit/(loss) for the year 637 89,041,078 0.72 (1,129) 89,554,180 (1.26)
Separately disclosed items (note 6 in Report & Accounts) (1,345) - - 1,985 - -
Underlying profit/(loss) for the period (708) 89,041,078 856 89,554,180
3. Dividends
£'000
PAID PRIOR YEAR 535
PAID DURING YEAR
Interim dividend for 2024: 0.25p paid 23 August 2024 223
Final dividend for 2024: 0.25p to be paid 17 January 2025 222
445
PAID FOLLOWING YEAR END
No dividend has been paid following the year end. 0
0
4. Publication of Annual Report
A copy of the 2025 Report & Accounts will be sent to all shareholders.
Further copies will be available to the public at the Company's registered
address at Southmoor Road, Wythenshawe, Manchester, M23 9DS and on the
Company's website at www.coralproducts.com (http://www.coralproducts.com) .
5. Forward looking statements
This announcement contains unaudited information and forward-looking
statements that are based on current expectations or beliefs, as well as
assumptions about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such statement because
they speak only as at the date of this document and are subject to known and
unknown risks and uncertainties and can be affected by other factors that
could cause actual results, and Corals plans and objectives, to differ
materially from those expressed or implied in the forward-looking statements.
Coral undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether those
statements are affected as a result of new information, future events or
otherwise, save as required by law and regulations.
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