**Summary**
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Order Intake (£'m) | 119.7 | 150.9 | +26% |
| Closing Order Book (£'m) | 118.5 | 90.0 | -24% |
| Revenue (£'m) | 122.4 | 174.1 | +42% |
| Underlying Operating Profit (£'m) | 12.0 | 18.1 | +51% |
| Underlying ROS (%) | 9.8% | 10.4% | +0.6% |
| Underlying Profit Before Tax (£'m) | 10.6 | 13.5 | +27% |
| Underlying Earnings Per Share (p) | 35.2p | 35.9p | +2% |
| Statutory (Loss)/Profit Before Tax (£'m) | 3.4 | (7.7) | -11.1 |
| Basic (Loss)/Earnings Per Share (p) | 6.0p | (31.8)p | -37.8p |
| Net Cash/(Debt) (£'m) | (37.5) | (47.9) | -10.4 |