LONDON (dpa-AFX) - Bunzl plc (BNZL.L), a distribution and outsourcing company, on Monday reported lower profit for the full year, despite modest top-line growth.
Profit before tax declined 7.9% to £620.5 million from £673.6 million, a year ago.
Excluding one-time items, adjusted profit before tax fell 7.4% to £787.1 million from £872.9 million last year.
Operating profit decreased 8% year-on-year to to £735.3 million from £799.3 million, while adjusted operating profit decreased 6.7% to £910.3 million from £976.1 million.
Profit after tax attributable to the company's equity holders decreased to £459.2 million or 140.9p per share from £500.4 million or 148.7p per share last year.
Adjusted earnings dropped to £581.9 million or 179.3p per share from £649.9 million or 194.3p per share.
Revenue, however, edged up to £11.845 billion from £11.776 billion, an increase of 0.6%.
The Board recommended a final dividend of 53.9p per share for 2025.
For fiscal 2026, the company reiterated its outlook, expecting moderate revenue growth at constant exchange rates.
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