Irish convenience food-maker Greencore posts a near 30% increase in pre-tax profits 

Chief Executive of Greencore, Dalton Philips

Irish convenience food manufacturer Greencore has seen their pre-tax profit increase by nearly 30% during its most recent financial year driven by new business wins, volume growth, and and pricing impacts.

The company reported a 7.7% year-on-year increase in revenue to over £1.9bn with operating profit increasing by 19.9% to £101.1m. Group profit before tax stood at €79.5m, after exceptional items, for its 2025 financial year - which ended on September 26 - an increase of 29.3%.

Revenue in the company’s Food to Go categories - which includes sandwiches, salads, sushi and chilled snacking - totalled £1.3bn accounting for 69% of all revenue.

“Revenue increased by £93.2m following successful new business wins, new product innovation and favourable summer weather, as well as inflation and pricing impacts. In particular, sandwiches and sushi performed strongly across the period,” the company said.

The company launched 534 new products during the year which it called an “important contributor” to its growth.

In its “Other Convenience" category - which includes chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces, among others - revenue increased by £46.7m to £609.2m.

It saw an increase in costs during the year driven by government-driven National Insurance and National Living Wage increases, and protein costs.

“We worked to offset these factors through internal cost management and positive engagement with our customers on price recovery,” the company said.

Chief executive of Greencore Dalton Philips said “momentum has continued into the new financial year” which will mark the company’s 100th year in business.

Greencore is currently in the process of trying to acquire prepared British foods manufacturer Bakkavor for £1.2bn. In October, the UK’s Competition and Markets Authority (CMA) found that the acquisition gives rise to competition concerns in the area of own-label chilled sauces in Britain as a result of “horizontal unilateral effects”.

On November 7, Greencore said the CMA accepted in principle the sale of its Bristol chilled soups and sauces site as a proposed remedy in lieu of a Phase 2 investigation.

“Greencore has signed a binding agreement to sell its Bristol site to Compleat Food Group (Holdings) Limited. The disposal is subject to formal CMA approval and represents a further step towards completion of the acquisition, which the Group continues to expect to close in early 2026,” the company said.

Mr Philips said Greencore is “already collaborating closely with the Bakkavor team on integration planning and we look forward to bringing the businesses together in early 2026”.