Farsons has announced strong half-year results alongside a landmark €49.1 million shareholder return, underpinned by the spin-off and listing of its Food business into Quinco Holdings plc.
The payout includes a €46.8 million dividend-in-kind through the distribution of Quinco Holdings shares, together with an interim cash dividend of €2.34 million, equivalent to 65c per share. The move marks the culmination of a three-year plan to separate the Food division from the Group’s beverage operations, mirroring the 2018 spin-off of Trident Estates plc.
Group turnover in the Beverage sector increased by 6.5 per cent to €54.8 million, with profit before tax rising 11 per cent to €9 million. The Food sector, reported as discontinued operations, also saw turnover climb by 6.2 per cent and profitability improve by 2.5 per cent.
Chairman Louis A. Farrugia described the results as a “milestone year” for the Group, citing strong performance across all business lines and the launch of a €20 million purpose-built logistics centre to support Quinco’s expansion.
International growth also remains a priority, with Farsons strengthening its presence in Ghana and Australia while expanding export revenues for flagship brands Cisk and Kinnie.
CEO Norman Aquilina noted that the results “highlight our ability to adapt, innovate, and create value in a competitive market,” emphasising the group’s long-term strategy of brand investment and international expansion.
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Nicole Zammit
When she’s not writing articles at work or poetry at home, you’ll find her taking long walks in the countryside, pumping iron at the gym, caring for her farm animals, or spending quality time with family and friends. In short, she’s always on the go, drawing inspiration from the little things around her, and constantly striving to make the ordinary extraordinary.
