Simonds Farsons Cisk plc registered a total profit for the last financial year of €39.1 million, which takes into account the operating profit after tax from discontinued operations and also a fair value adjustment to investment in subsidiaries upon distribution.

A large part of that profit - €21.9 million - was registered upon the completion of the spinoff of Farsons' food business into another listed company,  Quinco Holdings plc.

The €21.9 million registered as profit by Farsons represents the difference between the net book value of the food business prior to the spinoff and the valuation of the Quinco shares distributed to shareholders. 

Apart from the profit registered from the food business spin-off, Farsons also saw significant growth throughout its core core business.

Publishing its annual report and financial accounts, the Group reported record beverage segment turnover of €106.5 million, representing year-on-year growth of 4.63 per cent. Profit before tax from the beverage segment increased by 8.2 per cent to €16.0 million, while EBITDA for the Group reached €29.2 million. Gross profit margins improved from 42.5 per cent to 42.7 per cent, reflecting operational efficiencies and focussed cost management despite continued inflationary, freight, and labour cost pressures, the Group said.

The Group has total assets worth over €205 million. 

Chairman Louis A Farrugia highlighted the Group’s continued investment in operational excellence and sustainability, including the commissioning of a CO₂ recovery plant and the conversion of boilers to LPG to improve efficiency and reduce carbon emissions. The Group also advanced its €11 million Automated Logistics Warehouse project, expected to be completed by the end of 2027, which will further strengthen supply chain efficiency and long-term competitiveness.

The Board will be recommending a final net dividend of €5.22 million (€0.145 per share) at the forthcoming Annual General Meeting. Subject to approval, total dividends distributed in respect of FY2026 will amount to €7.56 million, equivalent to €0.21 per share.