PG plc - Interim Results

On 19 December 2025, PG plc published its interim financial results for the six-month period ended 31 October 2025.

Revenue increased by 8.4% to €104.8 million compared to €96.7 million in the first six-months of the previous financial year.

Operating costs also increased by 8.4% to €94.3 million as the Group’s operations continued to be affected by inflationary cost pressures, geopolitical instability and stronger competitive activity in the local market.

As a result, the operating profit rose by 7.7% to €10.5 million compared to €9.78 million in H1 2024/25 and the EBIT margin remained practically unchanged at 10%.

Net finance costs amounted to €0.41 million.

Overall, PG reported a pre-tax profit of €10.1 million (H1 2024/25: €9.32 million). After accounting for a tax charge of €2.27 million, PG’s net profit for the period amounted to €7.79 million, which is 12.1% higher than the €6.95 million figure reported for H1 2024/25. The net profit reported during the period under review translates into an annualised return on equity of 21.0% compared to 20.4% in H1 2024/25.

The condensed statement of financial position as at 31 October 2025, when compared to the corresponding figures as at 30 April 2025, shows that total assets increased by 14.5% (or €23.5 million) to €185.7 million whilst total liabilities increased by 22.9% (or €20.2 million) to €108.5 million. Total equity expanded by 4.5% (or €3.3 million) to €77.2 million.

Dividend

On 5 December 2025, PG paid out a net interim dividend of €0.025463 per share, unchanged from the net interim dividend paid out for the first half of the 2024/25 financial year. PG’s payout ratio decreased to 35.3% compared to 39.6% in H1 2024/25.

Outlook

In their commentary, the Directors explained that the Group remains focused on its long-term strategic initiatives. Significant progress has been made on major projects, including the ongoing development and future operation of a shopping mall featuring diverse retail outlets, a PAVI-PAMA supermarket, multiple catering establishments, and a dedicated car park for patrons. Furthermore, the development of the land adjacent to PAVI is ongoing.

The Directors highlighted that turnover maintained its upward trend as it increased by 10% after the period ended 31 October 2025.