Interim report
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IMMEDIATE RELEASE 29 September 2026 A.G. BARR plc ( " A.G. BARR " or " the Company " ) Interim Results for the 26 weeks ended 1 August 2026 Strong progress against strategic priorities , on track to meet full - year market expectations A.G. BARR , the multi - beverage business with a broad portfolio of market - leading UK brands including core brands IRN - BRU , Rubicon and Boost , today announces its Interim Results for the 26 weeks ended 1 August 2026 ( H1 26/27 ) . Highlights Growth ahead of the soft drinks market¹ driven by core brand performance ; • Revenue up 8.5 % to £ 247.4m through core brand growth and the contribution from recent acquisitions ; • Supply issues during summer trading peak resolved , with supply chain performance normalising through H2 ; Manufacturing line refresh programme in Cumbernauld now complete , Milton Keynes manufacturing expansion progressing to plan ; • Integration of recent acquisitions Fentimans and Frobishers complete , cost synergies from H2 ; Adjusted operating margin maintained at 15.0 % , supporting delivery of Adjusted profit before tax of £ 36.1m , up 2.6 % on the prior year . Statutory profit before tax down 3.7 % primarily as a result of one - off costs associated with integrating Fentimans ; Adjusted EPS up 0.4 % driven by PBT growth partly offset by phasing of tax . Interim dividend of 3.82p per share in line with policy at 25 % of prior year final dividend ; Net bank debt of £ 47.0m , in line with plan , driven by acquisitions , peak capex year weighted to H1 and working capital seasonality ; On track to meet full year market expectations² : 0 c.10 % revenue growth supported by market share gains , core brand performance and H1 supply constraints resolved ; 0 Adjusted operating margin of c.15 % and adjusted return on capital employed of c.19 % , both in line with our financial framework . Financial Summary H1 26/27 H1 25/26 Increase / ( Decrease ) £ 228.1m 8.5 % Revenue £ 247.4m £ 35.2m 2.6 % Adjusted Profit Before Tax³ £ 36.1m 15.0 % Adjusted Operating Margin³ 15.0 % Adjusted EPS ( basic pence / share ) 3 24.99p 24.90p 0.4 % £ 35.2m Statutory Profit Before Tax £ 33.9m ( 3.7 % ) 15.0 % Statutory Operating Margin 14.1 % Statutory EPS ( basic pence / share ) 23.82p 24.90p ( 90 bps ) ( 4.3 % ) £ 41.3m Net Cash at Bank / ( Net Bank Debt ) ³ Interim Dividend £ ( 47.0 ) m 3.82p £ ( 88.3 ) m 3.44p 11.0 % Euan Sutherland , Chief Executive Officer , commented : " We made strong progress against our strategic priorities during the first half of the year , with continued momentum across our brands and strong execution against our strategic growth drivers . Despite supply constraints impacting customer service in the peak summer months , our core brand portfolio performed well in the market , supported by successful rebrands , innovation and marketing . Our recent acquisitions have expanded our addressable market and investment in our manufacturing capabilities continues to significantly strengthen the business for the long term .