Princes Group, renowned for its production of tuna and Napolina Tomatoes, recently floated on the stock exchange earlier this month. Notably, the company has already outlined a robust pipeline of potential acquisitions.
In a trading update for the nine months ending 30 September 2025, the company reported consolidated group revenues of £1.378 billion, reflecting a significant increase from £1.255 billion in the previous year.
Moreover, the company’s EBITDA surged by 51.5% to £111.1 million, primarily driven by improvements in structural margins and effective synergy delivery.
The group reiterated its commitment to executing a strategy centered on “margin-accretive growth, operational efficiency, and disciplined portfolio management.”
Further margin expansion was achieved via structural improvements across the group’s operations, which included operational efficiency gains in both UK and international manufacturing facilities.
The company highlighted various initiatives contributing to its success, such as improved pricing and product mix, enhanced demand planning, waste reduction efforts, and the strategic exit from low-margin foodservice and private-label contracts. Additionally, it has reinforced retailer category partnerships in both the UK and Europe.
Since NewPrinces acquired Princes in July 2024, the company has implemented advanced operational efficiencies alongside strengthened procurement discipline and supplier management.
Commercial momentum has been bolstered by targeted cross-selling initiatives, expanding the group’s reach into “white space” opportunities among existing customers in the UK and continental Europe.
The international food and drink company anticipates a “more exciting innovation pipeline,” with new product launches and range refreshes planned for the upcoming quarters in Oils, Italian, and Foods.
Simon Harrison, CEO of Princes Group, commented: “This has been a milestone period for Princes, with our admission to trading on the London Stock Exchange. We have taken decisive actions to enhance earnings quality, improve efficiency, and strengthen our commercial partnerships.
“We are building a resilient, margin-accretive, and customer-led business with a clear path for sustained growth. Our M&A and integration capabilities, along with the strength we possess as a group, are creating exciting opportunities for pursuing value-accretive M&A, in line with our stated strategy.”