Updates

McBride

October 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

McBride delivered a robust FY25 performance, with operating profit of £66.1m and sales of £926.5m, both very similar to the prior year but supported by strong volume growth (+4.3% overall), including +1.4% in private label and +49% in contract manufacturing, reflecting the full-year impact of a major long-term contract. Operating margin held steady at 7.1% with PBT of £54.9m, though a higher-than-expected tax rate of 31.5% meant EPS came in at 21.1p. The balance sheet continues to strengthen, with net debt falling by £26m to £105.2m (1.2x ebitda). Notably, McBride has agreed with pension trustees to remove the dividend matching mechanism, providing greater flexibility for future distributions. A £1.7m one-off payment was made in ...

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McBride (August 2025)

McBride - Trading ahead and reinstates dividends (February 2025)

McBride - Private label volumes up and contract manufacturing recovers (September 2024)

McBride -Net debt now <1.6x vs 2x expectation (June 2024)

McBride - Barnstorming H1 and a 20% eps upgrade (April 2024)

McBride - Trading at top end of range (February 2024)

McBride - Massive eps upgrade from 5.5p to 15.1p (December 2023)

McBride (February 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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