Shares of Manchester-based household and professional cleaning products firm McBride plc rose as much as 14% on Wednesday after it said profit before tax rose to £49 million from £46.5 million in the year ended June 30, 2025, and the firm reinstated its dividend.
The company reported revenue of £926.5 million, up 0.7% at constant currency, with volume growth from both private label and contract manufacturing.
McBride said: “As a result of the refinancing of the revolving credit facility (RCF), the block on shareholder distributions has now been removed, permitting the company to restore the payment of dividends and consider share buy-backs.
“The board is recommending a final dividend of 3.0 pence per ordinary share for the year ended 30 June 2025, subject to approval by shareholders at the company’s 2025 AGM.”
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 CEO Chris Smith said: “McBride has delivered another year of strong operational and financial results, marking five consecutive half years of these materially improved profitability levels. This sustained performance reflects the effectiveness of our strategy and the dedication of our teams across the group, further strengthening our industry leadership across Europe.
“We have continued to deepen our customer partnerships, secured new long-term contracts, and reinforced our strategic focus in key markets such as Germany and laundry. These achievements supported by a step up in service levels, alongside disciplined cost and margin management, have enabled us to deliver another year of profit growth and a further reduction in net debt, ahead of our leverage target.
“The reinstatement of dividends reflects our confidence in the business’ trajectory and our commitment to delivering long-term shareholder value. These results demonstrate the strength of our core activities and our normalised financial situation, positioning us well for continued growth and investment.”