EarningsQ4 2025 Earnings Report

Greencore (GNCGN) Q4 2025 Earnings Report

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Previous Report: Q2 2025

Next Report: Q2 2026

MX:GNCGN Q4 2025 EPS Results

Actual EPS$1.99

Consensus EPS―

Beat/Miss―

One Year Ago EPS$1.74

MX:GNCGN Q4 2025 Revenue Results

Actual Revenue$23.49B

Expected Revenue$11.85B

Beat/MissBeat by +$11.65B

YoY Revenue Growth+8.93%

Earnings Announcement Details

QuarterQ4 2025

Date11/18/2025

TimeBefore Open

Conference CallTuesday, November 18, 2025

MX:GNCGN Upcoming Earnings

Greencore's next earnings date is estimated for December 1, 2026, based on past reporting schedules.

Q4 2025 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q4 2025 Earnings Slide Deck

No slide deck is available for this earnings event.

Q4 2025 Earnings Call Summary

Q4 2025

Earnings Call Date:Nov 18, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call presented a strong performance with record profitability, significant revenue growth, and successful new product launches. While there were challenges, such as inflationary pressures and underperformance in the salad category, these were outweighed by the positive financial metrics and progress in strategic initiatives like the Bakkavor acquisition.

Company Guidance

In the fiscal year 2025, the company reported a strong performance across multiple financial metrics, achieving a revenue of nearly GBP 2 billion, which represents a 7.7% year-on-year growth. The adjusted operating profit increased by 28.9% to GBP 125.7 million, resulting in an operating margin growth of 110 basis points to 6.5%. The return on invested capital (ROIC) rose to 15%, a 350 basis point increase from the previous year. The company's free cash flow was GBP 120.5 million, with a leverage ratio of 0.4x net debt to EBITDA. The successful onboarding of new contracts, particularly in the ready meals segment, contributed significantly to this growth. Additionally, the company launched 534 new products and maintained over 99% service levels with ongoing operational excellence initiatives. Looking ahead, the company anticipates continued profitable growth and plans to close the acquisition of Bakkavor in early 2026, projecting at least GBP 80 million in cost synergies. The company remains committed to enhancing shareholder value through disciplined capital allocation and strategic investments.

Record Profitability Achieved

The company reached a record level of profitability, achieving a 15% return on invested capital (ROIC), which is an increase of 350 basis points from the previous fiscal year.

Strong Revenue Growth

Revenue for FY 2025 was just under GBP 2 billion, representing a growth of 7.7% year-on-year.

Significant Operating Profit Increase

Adjusted operating profit increased by 28.9% year-on-year to GBP 125.7 million.

Successful New Product Launches

Launched 534 new products in partnership with customers, which is over 10 products per week.

Operational Excellence Improvements

Operational excellence initiatives led to a 4% increase in units per labor hour from FY 2024 and a 10% increase since FY 2023.

Strong Free Cash Flow

Recorded a free cash inflow of GBP 120.5 million, with a free cash flow conversion of 66.5%.

Bakkavor Acquisition Progress

Progressing according to plan with a positive Phase 1 decision from the CMA and expected completion in early 2026.

Dividend Increase

The Board recommended a dividend of 2.6p per share, an increase of 30% year-on-year.

MX:GNCGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Dec 01, 2026	2026 (Q4)	- / -	1.994	―
May 27, 2026	2026 (Q2)	- / -1.24	1.031	-220.00% (-2.27)
Nov 18, 2025	2025 (Q4)	- / 1.99	1.742	14.47% (+0.25)
May 15, 2025	2025 (Q2)	- / 1.03	0.642	60.71% (+0.39)
Dec 03, 2024	2024 (Q4)	- / 1.74	2.017	-13.64% (-0.28)
May 21, 2024	2024 (Q2)	- / 0.64	-0.229	380.00% (+0.87)
Nov 28, 2023	2023 (Q4)	- / 2.02	1.375	46.67% (+0.64)
May 30, 2023	2023 (Q2)	- / -0.23	0.413	-155.56% (-0.64)
Nov 29, 2022	2022 (Q4)	- / 1.38	1.1	25.00% (+0.28)
May 24, 2022	2022 (Q2)	- / 0.41	-0.321	228.57% (+0.73)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed