The Cranswick plc Board is proposing a final dividend of 76.0 pence per share, 12.9 per cent higher than the 67.3 pence paid last year. Together with the interim dividend of 25 pence per share, this equates to a total dividend for the year of 101.0 pence per share, an increase of 12.2 per cent on last year, extending the period of consecutive years of dividend growth to 35 years.
The final dividend, if approved by Shareholders, will be paid on 29 August 2025 to Shareholders on the register at the close of business on 18 July 2025. Shares will go ex-dividend on 17 July 2025.
Other financial highlights include:
Strong revenue growth of 6.8% with like-for-like revenue 6.4% ahead
o Volume growth of 7.7% driven by premium product range growth and record Christmas trading period
o Fresh Pork export revenue 10.2% ahead following Norfolk site China licence reinstatement
o Pet Products revenue increased 47.8% as onboarding of Pets at Home business continues
o Poultry revenue up by 20.3% driven by new Cooked and Prepared Poultry retail listings
48bps increase in adjusted operating margin to 7.6%, reflecting a strong contribution from growing agricultural operations, excellent capacity utilisation and tight cost control
Free cash conversion of 101.6% with ROCE of 18.5%
