James Cropper plc, the Kendal-based advanced materials and paper & packaging group, said its revenue rose 3.7% to £51.8 million in the six months ended September 27, 2025.

The firm reported a first-half adjusted profit before tax of £2.1 million compared to an adjusted loss before tax of £200,000 in the same period of the prior year.

James Cropper shares are up about 50% in 2025.

James Cropper CEO David Stirling said: “We are now starting to see benefit from the execution of our revised strategic plan, with performance in the year to date consistent with expectations under our revised strategy.

“In the longer term, we are targeting underlying double-digit revenue growth in the Advanced Materials business, as we continue to deepen customer relationships and develop opportunities across both established and nascent markets. 

“Our Paper & Packaging business is making meaningful progress towards its goal of sustainable profitability, with a good performance improvement despite the previously announced customer loss. We expect Paper & Packaging to achieve run-rate EBITDA break-even in the final quarter of this financial year. 

“I thank our employees for their continued efforts and remain confident that the delivery of our strategic plan will create significant long-term value for all stakeholders.”