James Cropper plc has released a full-year trading update, with adjusted EBITDA meeting expectations for the financial year ended March 29, 2025 (FY25). The Group expects to report marginally lower revenue compared to FY24, due to a less favorable product mix in Paper & Packaging. However, Advanced Materials revenue is slightly higher. FY25 adjusted profit before tax is ahead of FY24 due to lower depreciation charges. Net debt has improved due to reduced capital expenditure and effective working capital management.
For the current financial year (FY26), James Cropper forecasts single-digit revenue growth in Advanced Materials and similar revenue levels in Paper & Packaging. The Group plans to focus on operational improvements and cost savings, with the full benefits expected in FY27. A more detailed strategy update is anticipated in June before the release of the audited FY25 results in July.
David Stirling, CEO, highlights the ongoing assessment of the business, with a focus on mid-term growth opportunities, improvements in Paper & Packaging, and cash management. The Group is known for its leadership in Advanced Materials and Paper Products, with a commitment to sustainability and a global presence in over 50 countries.