Cranswick (CWK) Trading Update summary

Current trading performance

• Stronger than expected trading since Q1, driven by robust volume growth in core UK food business and expanding pig farming operations.

• Industry-leading service levels and focus on quality and innovation contributed to performance ahead of last year.

• New houmous facility in Worsley, Manchester successfully commissioned, supporting asset base investment.

Financial outlook

• Full-year outlook for FY25 now expected towards the upper end of market expectations (£179.2m–£191.7m adjusted PBT).

• Board remains confident in long-term growth, supported by strong customer relationships, product quality, and asset infrastructure.

Business profile and strategy

• Cranswick employs over 15,000 people across 23 UK production facilities, supplying major grocery multiples and premium/discounter channels.

• Product range includes fresh pork, poultry, convenience, gourmet, pet food, and food-to-go, with a substantial export business.

• Sustainability commitments are integrated into the business model through the Second Nature strategy.