Greencore Group plc reports significant growth in FY25 and moves forward with plans to acquire Bakkavor Group plc, anticipating completion in early 2026 pending regulatory approval.

Target Company Overview

Greencore Group plc, a leading player in the UK convenience food manufacturing sector and a constituent of the FTSE 250 index, has demonstrated robust financial performance for the year ending 26 September 2025. The company achieved a notable 29% growth in adjusted operating profit, backed by expansive improvements across all crucial financial metrics. Greencore's achievements have laid a strong foundation for its anticipated acquisition of Bakkavor Group plc, which is projected to finalize in early 2026 pending regulatory approval.

Industry Overview in the UK

The UK convenience food market continues to evolve, driven by changing consumer preferences towards quick and accessible meal options. Recent trends indicate a 2.5% growth in manufactured volumes, outperforming the broader grocery market. This growth can be attributed to strategic business expansions and successful new product launches, which have increased consumer engagement.

Despite challenges such as inflationary pressures affecting food and labor costs, Greencore has adeptly managed these challenges through innovative operational strategies and productivity enh