Princes Group, the Liverpool-based international tuna, food and beverage giant, which joined the London Stock Exchange in November, said its first-quarter revenue increased 6% year on year to £506.6 million in three months ended March 31, 2026.

“Current trading has seen positive momentum entering Q2, with April performance ahead year on year …” said the firm.

“M&A activity remains ongoing, with the company involved in several ongoing acquisition processes whilst remaining financially disciplined.”

Princes Group, owned by Italian food firm Newlat, is best known for its Princes Tuna and Napolina brands, but also owns Crisp N Dry and licenses brands including Branston, Batchelors and Flora. It is the largest supplier of edible oils in the UK and sells nearly a billion cans of food a year.

Princes Group CEO Simon Harrison said: “The Group has yet again demonstrated the resilience of our operating model and the continued execution of our margin-accretive growth strategy. The Group delivered strong EBITDA growth, continued margin expansion and a further strengthening of its net cash position.

”Trading trends have improved entering the second quarter, while our highly cash-generative business model and strong balance sheet continue to provide substantial strategic flexibility.

“Alongside ongoing operational and commercial initiatives across the Group, we continue to see a strong pipeline of value-accretive M&A opportunities consistent with our long-term strategy, and we remain confident in our ability to complete at least one transaction in the near term, whilst maintaining our strict acquisition criteria.

”Whilst the broader macro-economic environment remains uncertain, we remain confident in the resilience of the business and our ability to continue delivering profitable growth, strong cash generation and long-term value creation.”