C&C swings to annual profit, lifts dividend amid 'encouraging' trading

C&C Group PLC on Wednesday said it is focussed on building a business platform from which it can maximise its potential, as it posted a swing to an annual profit.

The Dublin-based beer, cider, wine, spirits and soft drinks maker and distributor reported pretax profit of €19.6 million in the financial year ended February 28, swung from a loss of €111.6 million the year prior.

Exceptional costs were reduced to €36.3 million in financial 2025 from €150.4 million in financial 2024, and operating costs were cut by 6.7% to €1.62 billion from €1.74 billion.

Adjusted pretax profit climbed 44% to €55.9 million from €38.8 million.

The improvement in profit was despite revenue edging down 0.7% to €2.01 billion from €2.02 billion.

C&C proposed a final dividend of 4.13 euro cents per share, up 4.0% from 3.97 cents a year ago. This brings the total payout for financial 2025 to 6.13 cents, up 4.6% from 5.86 cents in financial 2024.

Looking ahead, Chief Executive Officer Roger White is optimistic.

‘Year to date trading is encouraging. With the key summer trading period ahead, we are executing our plans for the year, supporting our customers, investing in innovation and brand-building, people, and systems, whilst continuing to simplify the business and control costs,’ he said.

‘We remain focussed on building a solid platform from which we can maximise the potential of the group. We are developing plans to grow sustainably whilst delivering on our financial targets, creating increased long-term shareholder value.’

C&C shares were up 2.2% to 158.16 pence on Wednesday morning in London.

Copyright 2025 Alliance News Ltd. All Rights Reserved.