Quinco Holdings plc, a company spun off from Simonds Farsons Cisk plc last year, has published its inaugural set of financial statements, showing a profit before tax of €1.30 million.

Last year shareholders of Simonds Farsons Cisk plc approved a significant corporate restructuring which saw its food business spun off into this separate entity.

Quinco was incorporated in May 2025, but the operating subsidiaries were transferred from Simonds Farsons Cisk plc and consolidated with effect from September 2025, with Quinco itself commencing revenue-generating activities in November 2025, the financial statements read.

Given this transitional period, the group reported consolidated revenues of €13.32 million. It registered €1.37 million income from operations and has €72.15 million in total assets. The figures cover the period from 8th May 2025 to 31st December 2025.

The group’s Executive Chairman, Norman Aquilina, said that more than a holding company, Quinco is a management hub, logistics operator, shared services provider, and strategic architect for its subsidiaries.

During this foundational stage, the group is committing significant capital to long-term investments, most notably the development of the Handaq head office and logistics centre. In this context, the Board believes that retaining earnings at this stage best supports the Group’s long-term strategy and thus is not recommending a dividend for the period.

But as the group progresses beyond this phase and its investment programme in the new head office and logistics complex nears completion, the Board intends to continue assessing dividend distributions in line with earnings, cash generation and capital requirements, Mr Aquilina said.

Mr Aquilina indicated that the group will relocate to the new head office and logistics centre in summer, and that over €21 million has been invested in it.

“We acknowledge that this project goes far beyond just a building. This is a game-changing strategic asset giving us capacity to upscale and elevate our operations, offering new space at a new pace,” he said.

Quinco Holdings plc was established acts as the parent company of its Group subsidiaries, Quintano Foods Limited (‘QFL’) and Food Chain Limited (‘FCL’).

FCL manages Burger King, KFC and Pizza Hut restaurants across the island. FCL plans to introduce mobile applications for all three brands, incorporating loyalty programmes and improved e-commerce integration. It registered €2.95 million profit before tax.

The Executive Chairman said that “Food Chain now enters the next phase of its development with a more robust operating platform, enhanced digital capability and a clear roadmap for growth as it continues to evaluate new local store opportunities.”

QFL are importers and distributors across the ambient, chilled, and frozen categories, servicing supermarket chains, independent retailers, and the HORECA sector. It registered €1.1 million profit before tax.

The Executive Chairman said of QFL that “the company will continue to strengthen its market presence through selective brand representations, whilst also evaluating other methods to enhance the company’s upward trajectory. Here, one must underline that in March 2026, we secured the representation of the Kraft Heinz portfolio which includes various market-leading brands such as HP Foods, apart from Heinz. This development will certainly be an important contributor in enhancing our market presence and overall results.”