Published by Global Banking & Finance Review®
Posted on November 11, 2025
2 min readLast updated: January 21, 2026
Princes Group reports a 51.5% profit increase post-UK market debut, focusing on cost management and margin improvement.
-Princes Group on Tuesday reported a sharp increase in nine-month core profit in its first results since going public, as one of Europe’s largest grocery suppliers reined in costs and streamlined operations to boost margins.
The company, like its Italian parent NewPrinces, has been focusing on initiatives to boost margins and improve its offerings vis-a-vis prices as consumers seek affordable options amid broader macro economic challenges.
The supplier of canned fruit, vegetables, soups, sauces and ready-to-eat meals said a decline in pricing across core raw materials affected its revenues, but it was confident in delivering full-year performance in-line with management expectations.
Shares of the company were up nearly 5% at 0856 GMT. The Liverpool-based owner of Napolina pasta and tinned tuna brands debuted in London late last month, with a valuation of 1.16 billion pounds.
Industry figures last month showed that British retailers cut their prices in October, led by the biggest drop for food in almost five years.
"We are building a resilient, margin-accretive and customer-led business with a clear path for sustained growth," CEO Simon Harrison said in a statement.
Princes Group's core profit rose 51.5% to 111.1 million pounds ($149.11 million) for the nine months ended September 30, while total pro forma revenue fell 5.7%.
($1 = 0.7451 pounds)
(Reporting by Rishab Shaju in Bengaluru; Writing by Pushkala Aripaka ; Editing by Nivedita Bhattacharjee )
Core profit refers to the earnings generated from a company's primary business operations, excluding any income from non-operational activities or one-time events.
Cost management strategies are methods used by businesses to control and reduce expenses while maximizing profitability and efficiency.
Market performance refers to how well a company's stock performs in the market, often measured by share price changes and overall investor sentiment.
Pricing trends are patterns in the prices of goods and services over time, influenced by supply and demand, competition, and economic conditions.
A public market debut occurs when a company first offers its shares to the public through an initial public offering (IPO), allowing it to raise capital from investors.
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