47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 195
Strategic Report
RECONCILIATION
OF NON- GA AP
ME ASURES
Corporate Governance
Accounts
Adjusted Consolidated Income Statements
Year ended 28 January 2024
Year ended 25 January 2025
Reported
Business
change
projects
Adjusted
Reported
Boost earn-out
accrual write
back
Adjusted
Revenue
Cost of sales
420.4
(256.1)
–
–
420.4
(256.1)
400.0
(245.8)
–
–
400.0
(245.8)
Gross profit
Operating expenses
164.3
(112.6)
–
5.3
164.3
(107.3)
154.2
(104.1)
–
(0.8)
154.2
(104.9)
Operating profit
Finance income
Finance costs
51.7
2.0
(0.5)
5.3
–
–
57.0
2.0
(0.5)
50.1
1.4
(0.2)
(0.8)
–
–
49.3
1.4
(0.2)
Profit before tax
Tax on profit
53.2
(13.5)
5.3
(0.9)
58.5
(14.4)
51.3
(12.8)
(0.8)
–
50.5
(12.8)
Profit for the period
39.7
4.4
44.1
38.5
(0.8)
37.7
Adjusting entries:
Business change projects – the costs associated with the business change projects involving the closure of Barr Direct operations and the integration of the Boost business.
Boost earn-out reversal – certain conditions associated with the Boost earn-out were not met and as such the earn-out was not payable in its previous form but was
incorporated into employee reward incentives.
Adjusted basic EPS
2025
2024
44.1
110,874,571
37.7
111,289,068
39.77
33.88
2025
pence
2024
pence
Interim dividend paid
Final dividend declared
3.10
13.76
2.65
12.40
Full year dividend
16.86
15.05
2025
£m
2024
£m
Revenue
Gross profit
420.4
164.3
400.0
154.2
Gross margin
39.1%
38.6%
Adjusted profit attributable to equity holders of the Company £m
Weighted average number of shares in issue
Adjusted basic EPS (p)
Full year dividend
Gross margin
193
