Global food producer Princes published its preliminary results for the 12 months ended 31st December 2025, reporting a 6.5% decrease in revenue when compared to the results from the year prior.
It said its increased revenue, which was £1.9 billion, reflected the inclusion of business combinations under common control from NewPrinces S.p.A.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of £148 million, up 22.2% on the year, driven by revenue contributions from new entities and cost-saving initiatives across the group. Profit before tax was reported as £55 million, compared to £9.3 million in the prior year.
The producer also highlighted that during 2025, the business was successfully listed on the London Stock Exchange, which it said had enhanced its corporate standing.
A “clear step-change”
Commenting on the results, Angelo Mastrolia, Princes executive chairman, said: “2025 marks a step-change for Princes Group, with our successful listing and a material strengthening of our financial profile. The group has delivered strong profitability growth and cash generation, underpinned by a clear focus on margin expansion, capital discipline and high-quality earnings.
“We have built a robust balance sheet and a highly cash-generative platform, providing significant financial flexibility. This positions us to act decisively in a consolidating market, where scale, execution capability and access to capital are increasingly critical.
“Our priority remains disciplined, value-accretive M&A, supported by a proven integration model and a clear capital allocation framework. Princes is uniquely positioned to act as a consolidator in a fragmented European food and beverage sector. We will continue to deploy capital selectively, with a strong focus on returns and long-term value creation for shareholders.
“We are firmly ahead of plan, and we enter the next phase of our journey with confidence, purpose and momentum.”
Looking forward, Princes said some portfolio optimisation effects were expected to continue impacting the top line in H1 2026, although underlying volumes “remain resilient” across the Group’s core categories and recent contract wins in the UK and Europe were said to provide “good visibility” into the second half.
Princes said that despite current macro-economic uncertainty, it remained confident in the Group’s strategy and confirmed its medium-term guidance of at least £3 billion revenue.
Simon Harrison, chief executive officer at Princes, added: “2025 has been a transformative year for Princes Group, marked by our successful listing on the London Stock Exchange and strong delivery against our strategic priorities. In our first months as a listed company, we have demonstrated the resilience of our business model, delivering robust financial performance, disciplined execution and structural margin expansion.
“We ended the year with a strong net cash position, providing significant optionality and the financial flexibility to support our growth ambitions. Our performance reflects a continued focus on high-quality earnings and cash generation, underpinned by the strength of our brands and the essential nature of our product portfolio.
“Operational excellence remains central to our strategy, with meaningful margin progression delivered across the Group. At the same time, our international footprint and strong UK market position continue to differentiate Princes, reinforcing our role as a partner of choice for customers.
“Looking ahead, we remain focused on disciplined, value-accretive growth. Our robust balance sheet and platform position us well to capitalise on a growing pipeline of M&A opportunities, while continuing to invest in the business to drive sustainable long-term value for shareholders.”
