MACFARLANE GROUP

Macfarlane Group reports H1 2026 revenue up 2% to £148.89m, while adjusted operating profit fell 3% to £9.50m. Net profit was £3.47m; operating profit £7.06m; and profit before tax £4.71m. Revenue growth was driven by the Packaging Distribution division through new business and price increases, while Manufacturing suffered from higher input costs and the Pitreavie business was hit by capacity constraints and outsourcing. The company is launching a £6m share buyback in October and expects full-year guidance to be in line with market expectations, supported by new business growth and cost controls. » More on de.investing.com

Macfarlane Group has completed a £53 million buy-in with Royal London for its defined benefit pension scheme, transferring financial and demographic risks to the insurer. The policy secures ongoing pension payments to all members and the scheme currently has a surplus, so no further cash contributions are required. The company and trustees may opt for a full buy-out within two years, which would remove the scheme from the balance sheet; any remaining surplus after tax would be returned to the company and any deficit would be met by a cash contribution. Macfarlane operates no other defined benefit schemes and expects any surplus or deficit on a buy-out to be no more than £1 million. » More on de.investing.com

Macfarlane Group reports an 11% revenue increase to $154.22m in the second half of 2025, driven by acquisitions, with earnings per share of $0.02. Adjusted operating profit fell 28%, hit by operational disruption following the takeover of Pitreavie, and net finance debt rose to £16.2m. Management is targeting EPS of $0.10 and revenue of $411.59m for 2026 and is focusing on integrating the acquisitions and optimising procurement. » More on de.investing.com