10th Dec 2025 11:33
(Alliance News) - Fevara PLC on Wednesday said that the key northern hemisphere seasonal winter trading period "started strongly", as it posted a swing to a statutory pretax profit.
The Carlisle, England-based agriculture products, including livestock supplements previously known as Carr's said adjusted pretax profit from continuing operations surged 67% to GBP4.2 million in the financial year ended August 31, from GBP2.5 million a year ago.
The company swung to a statutory pretax profit of GBP2.9 million from a loss of GBP6.5 million.
Adjusted items costs were GBP1.3 million in financial 2025, down sharply from GBP9.0 million year ago.
Fevara highlighted it sold the Engineering division less Chirton to Cadre Holdings Inc in April. It cited an adjusted operating profit of its disposed businesses in the period up to the point of sale of GBP5.4 million, with a gain on sale of the businesses net of disposal costs of GBP16.2 million.
Revenue climbed 4.1% to GBP78.8 million from GBP75.7 million. Cost of sales edged up only 0.5% to GBP61.7 million from GBP61.4 million.
The company proposed a final dividend of 1.2 pence per share, down 58% from 2.85p a year ago. This brings the total payout to 2.4p, down 54% from 5.20p.
Fevara cited its progressive dividend policy approach which it had agreed on Tuesday.
"The key northern hemisphere seasonal winter trading period has started strongly with outlook for existing markets ahead of last year and in line with expectations," Fevara said.
Last week Wednesday, Fevara announced the acquisition of Domino Industria E Comercio LTDA, trading as Macal, for an initial GBP5.0 million, marking Fevara's entry into the Brazilian market.
The agreement includes a further GBP800,000 to GBP1.9 million of deferred payments in March 2028, subject to business performance.
Fevara Chief Executive Officer Joshua Hoopes said: "The recent announcement of our agreement to acquire Macal represents our first entry into the significant Brazilian market and offers transformational growth potential. I am very confident about the opportunities which lie ahead for the group."
Fevara shares were 0.2% lower at 128.78 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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