Fevertree says momentum continuing after 2025 ends with rebound
Fevertree Drinks PLC on Tuesday announced lower revenue and profit for the full-year, although it noted some momentum in the second half of the year allowed the company to raise its dividend.
The London-based premium drink mixers reported revenue of £325.0 million in 2025, down 12% from £368.5 million in 2024, although it noted 1.8% growth to £375.3 million on an adjusted basis.
It comes as revenue from the US more than offset a £3.7 million dip in UK revenue, as the adjustment brings US revenue in line with invoiced sales to customers following a switch to a partnership model last year that now recognises profits via royalty fees.
Fevertree reported pretax profit of £29.9 million, down 16% from £35.5 million, as the combination of higher central costs and the switch to the partnership model weighed on the result.
The drink mixers company said that its own-brand revenue growth accelerated to 5% in the second half of 2025, reflecting momentum across different regions and further market share gains, as it noted a that the US partnership with Molson Coors allows it to achieve accelerated growth this year and that almost half of the group’s revenue now comes from products beyond tonic.
Fevertee, which completed a £100 million share buyback programme in 2025, commenced a further £30 million buyback last month.
The company recommended a final divided of 11.34 pence per share, up 2.0% from 11.12p. This brings the total dividend for the year up 2.0% to 17.31p per share from 16.97p.
Fevertree said its expectations for the current year remain unchanged in light of geopolitical developments, and said that it enters 2026 from a position of strength brought by ‘a premium brand with unmatched credentials’.
Fevertree shares were up 4.1% to 785.00 pence each on Tuesday morning in London.
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