The Mr Kipling manufacturer said it has made “good strategic progress” as it reported revenue of £502.5 million for the six months ended 27 September 2025, up 2% on the previous year.
Statutory profit before taxation was up 18.5% to £63.4 million and profit after taxation also up 18.5% to £46.8 million.
Sweet Treats branded revenue was up 9.4% with Premier Foods citing strong innovation as a major growth driver.
The group said it expects branded revenue growth to build in the second half, as further new product development comes to market, accompanied by increased marketing investment and a product innovation programme.
Premier Foods acquired ready meal brand Merchant Gourmet during the year. It said it would be driving benefits from the Merchant Gourmet acquisition and integration.
Alex Whitehouse, Premier Foods CEO, said the company would continue to explore additional inorganic opportunities which fit its M&A criteria.
He added: “The Sweet Treats growth reflects the strength of our innovation programme, with notable performances from Mr Kipling Breakfast Bakes, Cadbury Caramel Mini Rolls and the recently launched Mr Kipling cake bites tubs. We are particularly pleased with the continuing success of our Mr Kipling birthday cake tarts, with over 4 million packs sold since launch, as more people take up this US trend.”
He also said that its grocery portfolio has benefitted from new ranges like Bisto Peri-Peri gravy, Batchelors microwaveable Pasta ‘n’ Sauce, and Nissin Demae Ramen.
“In New Categories, we increased revenue by 41% in the first half, launching FUEL10K yogurt and granola pots and delivered further growth from Ambrosia porridge and Cape Herb & Spice.
“Overseas, Australia, our biggest international market, grew in-market sales by 17% although retailers reduced stock buffer levels, temporarily reducing reported revenues,” he said.
“In the USA, we’ve had a promising initial response to our Mr Kipling Apple Pies, which were launched in the first retailer in quarter 2.
“Our acquired brands, The Spice Tailor and FUEL10K, continued their strong trajectory with both increasing UK revenue in double-digit terms and we acquired Merchant Gourmet, the premium, healthy, convenient meals brand, which we expect to achieve similar levels of growth as we apply our Branded Growth Model.”
