The MacFralane Group announce an interim dividend has been maintained at 0.96p per share (H1 2025: 0.96p per share) - to be paid on 8 October 2026 to shareholders on the register as at 11 September 2026 (ex-dividend date 10 September 2026).
Other financial highlights include:
Group revenue increased by 2% to £148.9m (H1 2025: £146.6m) with operating profit of £7.1m (H1 2025: £7.0m).
Group adjusted operating profit reduced by 3% to £9.5m (H1 2025: £9.8m) impacted by the performance of the Pitreavie business.
Group adjusted operating profit as a percentage of revenue decreased to 6.4% (H1 2025: 6.7%).
Basic and diluted earnings per share were 2.22p per share (H1 2025: 2.32p per share).
Packaging Distribution increased revenues to £111.7m (H1 2025: £110.4m) with adjusted operating profit of £5.1m (H1 2025: £4.8m).
Manufacturing Operations grew revenues to £40.6m (H1 2025: £39.2m) with adjusted operating profit of £4.4m (H1 2025: £5.0m).
Decrease in net cash inflow from operating activities to £10.3m (H1 2025: £12.4m) after investment in inventory to provide contingency against the impact of events in the Middle East.
Net bank debt of £17.9m on 30 June 2026 (31 December 2025: £16.2m).
The Group is operating well within its bank facility of £40m which runs until November 2028 with an option to extend to November 2029.
Following completion of the buy-in transaction on 29 June 2026 the surplus on the pension scheme was £5.3m on 30 June 2026 (31 December 2025: £6.0m) with the Group and trustees targeting a buy-out of the scheme within two years.
