C&C Group plc (CCR.L), a premium drinks company, reported Wednesday a profit in its fiscal year 2025, compared to prior year's loss, amid slightly higher net revenues. Further, the company lifted dividend and maintained medium term outlook.
Looking ahead, Roger White, Chief Executive Officer, said, "the Group remains well placed to navigate the current economic environment and we are confident about the prospects for the longer term and remain committed to achieving our target of €100m of Operating Profit over the medium term."
In the year, profit before tax was 19.6 million euros, compared to loss of 111.6 million euros a year ago. Earnings per share were 3.5 cents, compared to loss of 29.0 cents a year ago.
Adjusted profit before tax was 55.9 million euros, compared to 38.8 million euros in the prior year. Adjusted earnings per share were 11.7 cents, compared to 8.1 cents a year ago.
Adjusted EBITDA grew to 112.0 million euros from last year's 93.7 million euros.
Revenues edged down to 2.009 billion euros from 2.023 billion euros as year ago. Net Revenue, however, grew to 1.666 billion euros from prior year's 1.653 billion euros.
Further, the Board has proposed, subject to Shareholder approval at the AGM, a final dividend of 4.13 cent per Ordinary Share, 4% higher than last year, to be paid on July 18 to Shareholders registered at the close of business on June 13.
The full year dividend would be 6.13 cent per share to Shareholders.
The Board has reconfirmed its intention to distribute 150.0 million euros to Shareholders through a combination of dividends and share buybacks, over the three fiscal years FY2025 to FY2027.
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