The C&C Group Board has proposed, subject to Shareholder approval at the AGM, a final dividend of 3.67 cent per Ordinary Share; the proposed amount has principally been determined by distributable reserves as referenced in the CFO Review. The final dividend would be payable on 17 July 2026 to Shareholders on the register at 12 June 2026. Together with the interim dividend of 2.08 cent per Ordinary Share paid during the year, this represents a full-year dividend of 5.75 cent per Ordinary Share.
Other financial highlights include:
Group net revenue decline of -5.7%, reflecting, in part, the planned exit of Budweiser Brewing Group ('BBG') contractual volume in the Republic of Ireland, alongside challenging hospitality market conditions impacting the Distribution business as previously disclosed.
Net revenue growth in their core brands Bulmers & Tennent's, with further progress across their premium brands and the launch of a number of new branded products, such as Tennent's Bavarian Pilsner.
Adjusted EBITDA was €104.3 million, demonstrating continued underlying profitability notwithstanding lower revenues during the year.
Operating profit before exceptional items was €70.5 million.
Group operating margin was broadly flat at 4.5%, with a modest 0.1 percentage point reduction year on year, despite reduced operating leverage and product mix challenges in Distribution.
Leverage increased to 1.6x, reflecting the earnings profile for the year.
