Global food producer Princes Group Plc has published its trading update for the nine months ended 30th September 2025.

It reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of £111.1 million, up 51.5% on the same period last year. This, it said, was driven by “structural margin improvement and synergy delivery”.

Revenue reached £1.4 billion, with its Foods category taking £457.9 million of the sum. This was down on 2024’s revenue of £1.5 billion during the same period, and its Foods category previously reached £489.8 million.

The producer said it experienced operational efficiency gains across its UK and international manufacturing facilities. Further drivers of Princes’ margin expansion included improved pricing and product mix discipline as well as enhanced demand planning and waste reduction initiatives.

Exiting its “low-margin and structurally negative” foodservice and private label contracts while strengthening its UK and Europe retailer category partnerships also drove margin expansion.

Princes said it would continue to trade in line with expectations, stating that it “remains confident” in the delivery of its full-year performance in line with management’s internal budget. It also commented that its operational and commercial improvements achieved during the period were expected to “continue to support margin development and cash generation”.

Simon Harrison, CEO of Princes Group, commented: “This has been a milestone period for Princes, with our admission to trading on the London Stock Exchange. We have taken decisive actions to enhance earnings quality, improve efficiency and strengthen our commercial partnerships. We are building a resilient, margin-accretive and customer-led business with a clear path for sustained growth.

“Our M&A and integration capability set along with the firepower we now have as a group is creating exciting opportunities to pursue value accretive M&A, in line with our stated strategy.”