Manchester-based household and professional cleaning products firm McBride said its profit before taxation rose 47.7% to £25.7 million for the six months ended December 31, 2024 .

Revenue increased by 0.7% to £471.4 million.

McBride is a leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets.

McBride intends to reinstate dividends at the end of the financial year.

The firm’s shares rose about 3% and are up almost 100% for the past 12 months, to about £1.47, to give the firm a current stock market value of about £255 million.

“Ongoing consumer and retailer switch to high-quality, excellent-value private label products supporting continued growth across the group …” reported McBride.

“Full-year earnings on track to be in line with internal expectations.”

McBride CEO Chris Smith said: “McBride today reports excellent half-year results, which are in line with our new elevated financial performance expectations and on track with the medium-term targets outlined at our Capital Markets Day in March 2024.

“Our divisional teams continue to execute their respective strategies, with all five divisions healthily profitable. These results demonstrate a business delivering a consistently improved performance.

“With the Group’s prospects in a much healthier position and with a more normalised debt position, the Board recently announced its intention to reinstate an annual dividend, details of which will be communicated at the time of the final results in September 2025.

“Our focus remains on driving performance excellence and maintaining the momentum we have built, whilst continuing the Transformation programme and achieving our sustainability targets.

“I would like to extend my gratitude to our employees for their hard work and to our investors for their continued support. Together, we are building a strong, resilient and reset McBride, poised for future success.”