The London-based confectionery and snacking group reported a 1.2% increase in revenue for 2025, reaching £3.27 billion compared with £3.23 billion the previous year.
Pladis owns a portfolio of major international and heritage brands, including McVitie’s, Ülker and Godiva. However, higher operating pressures weighed on profitability. Operating profit declined by 12% to £301.6 million, versus £344.4 million in 2024.
The company attributed the reduction to “a demanding year for the wider food industry, shaped by commodity inflation, currency volatility and macroeconomic headwinds.”
EBITDA decreased by 4% to £473.7 million from £494.5 million. Increased working capital requirements also limited cash generation. At the end of the reporting period, net debt totalled £1.028 billion, representing a 14% rise from 2024 following the refinancing of loan agreements.
These results reflect several food and beverage industry trends affecting manufacturers, including inflationary input costs, currency movements and changing food and drink consumer trends. They also underline the importance of disciplined investment in food manufacturing trends, food processing technology and operational resilience.
Pladis allocated £100.5 million to capital expenditure during 2025, targeting improvements in production capacity, productivity, efficiency and supply-chain resilience. The investment included a £68 million programme at UK bakeries manufacturing brands such as McVitie’s, Jacob’s and Carr’s.
The company’s investment priorities also align with broader food distribution trends, food and drink sustainability expectations, evolving food and drink regulations and continued developments in food and drink packaging. At the same time, brand owners are increasing their focus on food and drink marketing and food and drink industry innovation to support growth across diverse markets.
Sridhar Ramamurthy, chief financial officer at Pladis, said: “Pladis delivered a resilient performance in 2025, growing revenue to £3.3 billion and maintaining market-leading positions in the UK, Türkiye, Saudi Arabia, Egypt and elsewhere.
“This reflects the enduring strength of our branded portfolio and the focus and commitment of our teams around the world. It was achieved in a year that tested every part of the food industry – from commodity inflation and currency volatility to broader macroeconomic headwinds.
“Our private, family-owned structure gives us the freedom to take a long-term view, beyond the reporting cycle. That perspective shapes how we invest in the business: in 2025, we invested £100 million in capital expenditure to support efficiency, capacity and resilience, while continuing to innovate across our priority brands.
“We are building from a strong commercial platform and our priorities remain clear: to keep building our brands, bring innovation to scale, accelerate digitalisation and manage cost, cash and capital with rigour. That combination of long-term investment and financial discipline is central to strengthening our competitiveness and creating value over time so that we can continue bringing happiness with every bite.”