Princes Group, known for producing tuna and Napolina Tomatoes, floated on the stock exchange earlier this month, and has already said there is already a pipeline of potential acquisitions.
The company announced a trading update for the nine months ended 30 September 2025 revealing consolidated group revenues of £1.378bn in the period, compared with £1.255bn the previous year.
EBITDA was up 51.5% to £111.1 million, driven by structural margin improvement and synergy delivery.
The group said it continued to execute its strategy focusing on “margin-accretive growth, operational efficiency and disciplined portfolio management.”
The company said that further margin expansion was achieved through structural improvements across the group’s operations, including operational efficiency gains across UK and international manufacturing facilities.
It highlighted improved pricing and product mix, enhanced demand planning and waste reduction initiatives, as well as exiting low-margin and structurally negative foodservice and private-label contracts. It also said it has strengthened retailer category partnerships in the UK and Europe.
Since the July 2024 acquisition of Princes by NewPrinces, the company says it has implemented advanced operational efficiencies and strengthened procurement discipline and supplier management.
Commercial momentum has been helped by targeted cross-selling and the expansion of the group’s presence into “white space” opportunities across existing customers in the UK and continental Europe.
The international food and drink company says to expect a “more exciting innovation pipeline”, with new product launches and range refreshes scheduled to enter the market over the coming quarters in Oils, Italian and Foods.
Commenting, Simon Harrison, CEO of Princes Group, said: “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.”
