This section provides a summary of our financial highlights for FY25 and FY24.

Financial Highlights FY25
  • Strong revenue growth of 6.8% with like-for-like revenue 6.4% ahead
    • Volume growth of 7.7% driven by premium product range growth and record Christmas trading period
    • Fresh Pork export revenue 10.2% ahead following Norfolk site China licence reinstatement
    • Pet Products revenue increased 47.8% as onboarding of Pets at Home business continues
    • 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%.