Turnover remained broadly stable at £17.45m, fractionally above the £17.43m recorded in 2024. Gross profit improved to £5.47m from £5.13m, reflecting a reduction in cost of sales from £12.30m to £11.98m. The operating loss narrowed to £613,646 from £885,598 in the previous period.

The company carries net assets of £4.26m on its balance sheet, down from £5.21m a year earlier, with accumulated profit and loss reserves standing at a deficit of £2.90m.

Long-term borrowings of £4.88m relate to a loan from parent company Permian Industries Limited, a Canada-registered business, which is secured against the company’s leasehold property in Arbroath and bears interest at the Bank of England base rate plus 2.75%.

International sales, which account for approximately 26% of total turnover at £4.55m, declined modestly from £4.88m in 2024, with the company attributing the softness to market-specific challenges and currency movements. UK revenues grew to £12.90m from £12.55m.

The average monthly headcount fell to 124 from 134 the previous year, with the reduction concentrated in production roles. Total staff costs were broadly flat at £4.79m. Directors’ remuneration rose marginally to £142,387 from £137,600.

The financial statements also reflect a prior period adjustment relating to a settlement reached with the Scottish Environment Protection Agency (SEPA) over historic packaging waste obligations, which reduced restated equity at the end of 2024 by £185,000.

Managing director Martin Grant said the results demonstrated continued momentum, pointing to improved profitability and a strengthened market position despite ongoing cost-of-living pressures and input cost inflation across ingredients, packaging and logistics. The company said it anticipates further growth opportunities in retail, foodservice and new product development throughout 2026 and into 2027.