Fresh prepared food provider Bakkavor Group Plc published its results for the 26 weeks ended 28th June 2025, reporting a 9.8% increase on the year to its adjusted operating profit.
Reported revenue reached £1,076.3 million, up 0.9% from the H1 2024 revenue of £1,066.8 million. Like-for-like revenue was up 1.2%, which Bakkavor said was driven by strong US volume growth and price in the UK.
Adjusted operating profit was up 9.8% on the year to reach £61.5 million, up from the H1 2024 adjusted operating profit of £56 million.
With Greencore set to acquire Bakkavor, an inquiry into the merger was launched by the Competition and Markets Authority (CMA) on 1st September 2025. It has a deadline of 27th October for its Phase 1 decision.
Mike Edwards, CEO, commented: “The first half of 2025 has seen another strong performance by the Group as we continued to move at pace delivering on our strategy and driving further margin improvement.
“The business is in great shape, with momentum expected to continue in the second half and we now expect to deliver towards the upper end of our previously guided FY25 profit range. Looking further ahead, we have accelerated the delivery of our medium-term margin target of 6% to FY26, one year ahead of plan.
“I am proud of what we have achieved and would like to thank the entire Bakkavor team for their commitment and exceptional efforts which have delivered such a great performance, while also working towards a significant change in the Group’s ownership.”
