By Adam Whittaker

Greencore's full-year earnings rose after getting a boost from new business and underlying volume growth, and said performance in fiscal 2026 has started positively.

The supplier to major U.K. grocery chains said for the year ended Sept. 26, pretax profit rose 29% to 79.5 million pounds ($104.6 million) from 61.5 million pounds last year.

Greencore also said Tuesday that it had agreed to sell its Bristol chilled soups and sauces manufacturing site to Compleat Food Group. The divestment is part of an agreement with the Competition and Markets Authority following an investigation into its 1.2 billion-pound acquisition of Bakkavor Group, it said.

The CMA had previously said the deal could hinder competition in the country's markets and gave the deal its approval subject to the sale of the site.

Full-year revenue rose 7.7% to 1.95 billion pound on net new business wins, volume growth as well as inflation and pricing impacts, it said.

Adjusted operating profit jumped 29% while its margin increased 110 basis points to 6.5%. This was aided by volume growth and cost management initiatives, it said.

The company proposed a full-year dividend of 2.6 pence a share, up from 2 pence last year.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 18, 2025 02:39 ET (07:39 GMT)

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