A.G. BARR (BAG) H2 25/26 TU earnings summary

Executive summary

• Full year performance aligned with expectations, delivering double-digit profit growth for FY25/26.

• Strategic focus on brand innovation, channel expansion, and operational investment has driven momentum entering FY26/27.

• Acquisitions of Fentimans Ltd and Frobishers Juices Ltd expand presence in the adult soft drinks market.

Financial highlights

• Revenue grew approximately 4% year-over-year to around £437m, up from £420m.

• Adjusted operating margin increased to about 14.7%, up 110 basis points from 13.6% the previous year.

• Adjusted return on capital employed maintained at approximately 20%.

• Double-digit adjusted profit before tax growth achieved.

Outlook and guidance

• FY26/27 expected to build on current momentum with continued innovation and brand activity.

• Integration of recent acquisitions anticipated to deliver efficiencies from H2 FY26/27.