Barr (A.G.)

BAG · Main Market · Food, Beverage and Tobacco · mcap £608m · 556.0p

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Financials · balance sheet 01 Aug 26 · last twelve months · today’s market value

Source: results 29 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £612.2m
Owner’s net cash: −£49.2m
Net cash / market cap: -8%
EV ex leases: £668.0m
Revenue: £437.3m
Operating profit: £61.6m
Free cash flow after leases: £18.3m
EV / EBIT: 10.8×
FCF yield: 3.0%
ROCE: 15%
Net income (owners): £47.1m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 Aug 26 (six months to 01 Aug 26), published 29 Sep 26 · read the results ↗

Source ↗

	Unaudited Six months ended 1 August 2026 £m	Unaudited Six months ended 26 July 2025 £m	Audited Year ended 31 January 2026 £m
Revenue	247.4	228.1	437.3
Cost of sales	(146.4)	(131.8)	(260.0)
Gross profit	101.0	96.3	177.3
Operating expenses	(66.0)	(62.1)	(115.7)
Operating profit	35.0	34.2	61.6
Finance income	0.1	1.1	1.7
Finance costs	(1.2)	(0.1)	(0.7)
Profit before tax	33.9	35.2	62.6
Tax on profit	(8.5)	(7.7)	(15.9)
Profit for the period	25.4	27.5	46.7
Attributable to
Equity shareholders of the parent Company	26.4	27.7	47.1
Non-controlling interests	(1.0)	(0.2)	(0.4)
Earnings per share (pence)
Basic earnings per share	23.82	24.90	42.27
Diluted earnings per share	23.52	24.61	41.80

Source ↗

	Unaudited As at 1 August 2026 £m	Unaudited As at 26 July 2025 £m	Audited As at 31 January 2026 £m
Non-current assets
Intangible assets	204.1	151.1	162.3
Property, plant and equipment	155.7	122.8	145.6
Right-of-use assets	7.4	4.7	8.4
Loans and receivables	2.0	-	1.1
Retirement benefit surplus	0.5	1.1	0.5
Total non-current assets	369.7	279.7	317.9
Current assets
Inventories	45.6	37.4	31.7
Trade and other receivables	124.2	113.3	82.2
Assets classified as held for sale	-	0.6	0.2
Derivative financial instruments	-	0.5	-
Current tax asset	0.7	0.7	0.6
Short-term investments	-	15.0	20.2
Cash and cash equivalents	15.5	26.3	61.4
Total current assets	186.0	193.8	196.3
Total assets	555.7	473.5	514.2
Current liabilities
Trade and other payables	81.4	95.9	74.6
Loans and other borrowings	63.5	0.1	40.0
Derivative financial instruments	0.6	0.1	0.1
Lease liabilities	1.9	1.9	1.8
Provisions	1.6	1.0	1.2
Total current liabilities	149.0	99.0	117.7
Non-current liabilities
Deferred tax liabilities	47.1	39.9	41.9
Loans and other borrowings	-	0.2	-
Provisions	0.7	-	0.7
Lease liabilities	5.5	2.7	6.2
Derivative financial instruments	-	-	0.1
Contingent consideration	1.2	2.0	2.0
Total non-current liabilities	54.5	44.8	50.9
Capital and reserves
Share capital	4.7	4.7	4.7
Share premium account	0.9	0.9	0.9
Share options reserve	2.4	3.2	4.3
Other reserves	(0.3)	0.4	-
Retained earnings	337.9	312.7	328.1
Total shareholder equity	345.6	321.9	338.0
Non-controlling interest in equity	6.6	7.8	7.6
Total equity and liabilities	555.7	473.5	514.2

Source ↗

	Unaudited Six months ended 1 August 2026 £m	Unaudited Six months ended 26 July 2025 £m	Audited Year ended 31 January 2026 £m
Operating activities
Profit for the period before tax	33.9	35.2	62.6
Adjustments for
Interest receivable	(0.1)	(1.1)	(1.7)
Interest payable	1.2	0.1	0.7
Impairment of assets classified as held for sale	-	-	0.5
Depreciation of property, plant and equipment	6.4	5.7	10.8
Amortisation of intangible assets	-	0.4	0.5
Share-based payment costs	-	1.2	2.5
Lease modification	(0.1)	(0.5)	(0.5)
Gain on sale of property, plant and equipment	(1.4)	(0.6)	(1.2)
Contingent consideration fair value adjustment	(0.8)	-	-
Operating cash flows before movements in working capital	39.1	40.4	74.2
(Increase)/decrease in inventories	(9.1)	(4.8)	2.3
Increase in receivables	(37.3)	(35.9)	(2.1)
Increase/(decrease) in payables	6.9	22.7	(8.2)
Difference between employer pension contributions and amounts recognised in the income statement	-	(1.3)	(1.3)
Cash (used in)/generated by operations	(0.4)	21.1	64.9
Tax paid	(7.2)	(5.4)	(13.9)
Net cash (used in)/from operating activities	(7.6)	15.7	51.0
Investing activities
Acquisition of subsidiaries	(40.5)	(14.7)	(27.6)
Cash acquired on acquisition of subsidiaries	2.5	6.1	8.8
Loans provided	(0.9)	-	(1.1)
Purchase of property, plant and equipment	(23.4)	(11.0)	(30.4)
Proceeds on sale of property, plant and equipment	2.2	2.3	2.7
Funds placed on fixed term deposit	-	(45.0)	(107.1)
Funds returned from fixed term deposit	20.2	72.5	129.6
Interest received	0.3	1.2	1.8
Net cash (used in)/from investing activities	(39.6)	11.4	(23.3)
Financing activities
Loans drawn	73.5	10.0	50.0
Loans repaid	(52.1)	(11.3)	(11.6)
Lease payments	(1.2)	(1.0)	(2.3)
Purchase of Company shares by employee benefit trusts	(2.2)	(4.9)	(5.0)
Proceeds from disposal of Company shares by employee benefit trusts	0.6	0.4	0.7
Dividends paid	(17.0)	(15.3)	(19.2)
Interest paid	(0.3)	(0.1)	(0.3)
Net cash from/(used in) financing activities	1.3	(22.2)	12.3
Net (decrease)/increase in cash and cash equivalents	(45.9)	4.9	40.0
Cash and cash equivalents at beginning of period	61.4	21.4	21.4
Cash and cash equivalents at end of period	15.5	26.3	61.4

Source ↗

	2026* £m	2025* £m
Revenue	437.3	420.4
Cost of sales	(260.0)	(256.1)
Gross profit	177.3	164.3
Operating expenses	(115.7)	(112.6)
Operating profit	61.6	51.7
Finance income	1.7	2.0
Finance costs	(0.7)	(0.5)
Profit before tax	62.6	53.2
Tax on profit	(15.9)	(13.5)
Profit for the period	46.7	39.7
Attributable to
Equity shareholders of the parent Company	47.1	39.7
Non-controlling interests	(0.4)	-
Earnings per share (pence)
Basic earnings per share	42.27	35.81
Diluted earnings per share	41.80	35.43

Source ↗

	2026 £m	2025 £m
Non-current assets
Intangible assets	162.3	129.2
Property, plant and equipment	145.6	118.0
Right-of-use assets	8.4	5.0
Loans and receivables	1.1	-
Retirement benefit surplus	0.5	6.8
Total non-current assets	317.9	259.0
Current assets
Inventories	31.7	31.7
Trade and other receivables	82.2	76.8
Derivative financial instruments	-	0.2
Current tax asset	0.6	0.4
Assets classified as held for sale	0.2	0.9
Short-term investments	20.2	42.5
Cash	61.4	21.4
Total current assets	196.3	173.9
Total assets	514.2	432.9
Current liabilities
Trade and other payables	74.6	73.2
Loans and other borrowings	40.0	-
Derivative financial instruments	0.1	0.3
Lease liabilities	1.8	1.8
Provisions	1.2	1.1
Total current liabilities	117.7	76.4
Non-current liabilities
Deferred tax liabilities	41.9	36.0
Lease liabilities	6.2	2.8
Provisions	0.7	-
Derivative financial instruments	0.1	0.1
Contingent consideration	2.0	-
Total non-current liabilities	50.9	38.9
Capital and reserves
Share capital	4.7	4.7
Share premium account	0.9	0.9
Share options reserve	4.3	3.6
Other reserves	-	-
Retained earnings	328.1	308.4
Total shareholder equity	338.0	317.6
Non-controlling interest in equity	7.6	-
	345.6	317.6
Total equity and liabilities	514.2	432.9

Source ↗

	2026* £m	2025* £m
Operating activities
Profit for the period before tax	62.6	53.2
Adjustments for
Interest receivable	(1.7)	(2.0)
Interest payable	0.7	0.5
Impairment of assets classified as held for sale	0.5	1.6
Depreciation of property, plant and equipment	10.8	11.0
Amortisation of intangible assets	0.5	1.2
Share-based payment costs	2.5	2.4
Lease modification	(0.5)	-
Gain on sale of property, plant and equipment	(1.2)	(0.3)
Operating cash flows before movements in working capital	74.2	67.6
Decrease in inventories	2.3	4.8
Increase in receivables	(2.1)	(13.0)
(Decrease)/increase in payables	(8.2)	1.5
Difference between employer pension contributions and amounts recognised in the income statement	(1.3)	(3.3)
Cash generated by operations	64.9	57.6
Tax paid	(13.9)	(9.3)
Net cash from operating activities	51.0	48.3
Investing activities
Acquisition of subsidiaries	(27.6)	-
Cash acquired on acquisition of subsidiaries	8.8	-
Loans provided	(1.1)	-
Purchase of property, plant and equipment	(30.4)	(19.2)
Proceeds on sale of property, plant and equipment	2.7	1.0
Funds placed on fixed term deposit	(107.1)	(90.5)
Funds returned from fixed term deposit	129.6	68.0
Interest received	1.8	1.4
Net cash used in investing activities	(23.3)	(39.3)
Financing activities
Loans drawn	50.0	-
Loans repaid	(11.6)	-
Lease payments	(2.3)	(2.1)
Purchase of Company shares by employee benefit trusts	(5.0)	(2.7)
Proceeds from disposal of Company shares by employee benefit trusts	0.7	1.0
Dividends paid	(19.2)	(17.2)
Interest paid	(0.3)	(0.2)
Net cash generated by/(used in) financing activities	12.3	(21.2)
Net increase/(decrease) in cash	40.0	(12.2)
Cash at beginning of year	21.4	33.6
Cash at end of year	61.4	21.4

	LTM Aug 26	FY Jan 26	FY Jan 25
Revenue to operating profit
Revenue	456.6	437.3	420.4
Gross profit	182.0	177.3	164.3
Adjusted operating profit	67.8	64.8	–
Operating profit	62.4	61.6	51.7
Depreciation (owned assets)	11.5	10.8	11.0
Amortisation	0.1	0.5	1.2
Share-based payments	1.3	2.5	2.4
Operating profit to net income
Finance costs	(1.8)	(0.7)	(0.5)
Profit before tax	61.3	62.6	53.2
Tax	(16.7)	(15.9)	(13.5)
Net income (owners)	45.8	47.1	39.7
Per share
EPS basic	41.2p	42.3p	35.8p
EPS diluted	40.7p	41.8p	35.4p
Dividend per share	19.1p	18.7p	16.9p

	H1 Aug 26	vs H1 Jul 25	H2 Jan 26	H1 Jul 25
Revenue to operating profit
Revenue	247.4	+8%	209.2	228.1
Gross profit	101.0	+5%	81.0	96.3
Adjusted operating profit	37.2	+9%	30.6	34.2
Operating profit	35.0	+2%	27.4	34.2
Depreciation (owned assets)	6.4	+12%	5.1	5.7
Amortisation	0.0	n/m	0.1	0.4
Share-based payments	0.0	n/m	1.3	1.2
Operating profit to net income
Finance costs	(1.2)	n/m	(0.6)	(0.1)
Profit before tax	33.9	−4%	27.4	35.2
Tax	(8.5)	+10%	(8.2)	(7.7)
Net income (owners)	26.4	−5%	19.4	27.7
Per share
EPS basic	23.8p	–	17.4p	24.9p
EPS diluted	23.5p	–	17.2p	24.6p
Dividend per share	3.8p	–	15.3p	3.4p

	LTM Aug 26	FY Jan 26	FY Jan 25
Operating activities
Cash from operations	27.7	51.0	48.3
Interest paid	(0.5)	(0.3)	(0.2)
Tax paid	(15.7)	(13.9)	(9.3)
Investing activities
Capex (PP&E)	(42.8)	(30.4)	(19.2)
Financing activities
Lease principal paid	(2.5)	(2.3)	(2.1)
Dividends paid	(20.9)	(19.2)	(17.2)
Share buybacks	(2.3)	(5.0)	(2.7)

	H1 Aug 26	vs H1 Jul 25	H2 Jan 26	H1 Jul 25
Operating activities
Cash from operations	(7.6)	n/m	35.3	15.7
Interest paid	(0.3)	+200%	(0.2)	(0.1)
Tax paid	(7.2)	+33%	(8.5)	(5.4)
Investing activities
Capex (PP&E)	(23.4)	+113%	(19.4)	(11.0)
Financing activities
Lease principal paid	(1.2)	+20%	(1.3)	(1.0)
Dividends paid	(17.0)	+11%	(3.9)	(15.3)
Share buybacks	(2.2)	−55%	(0.1)	(4.9)

	1 Aug 26	31 Jan 26	25 Jan 25
Non-current assets
Other intangibles	204.1	162.3	129.2
Property, plant & equipment	155.7	145.6	118.0
Non-current assets	369.7	317.9	259.0
Current assets
Inventories	45.6	31.7	31.7
Trade receivables	124.2	82.2	76.8
Cash	15.5	61.4	21.4
Current assets	186.0	196.3	173.9
Total assets	555.7	514.2	432.9
Current liabilities
Trade payables	81.4	74.6	73.2
Borrowings, current	63.5	40.0	0.0
Lease liabilities, current	1.9	1.8	1.8
Current liabilities	149.0	117.7	76.4
Non-current liabilities
Lease liabilities, non-current	5.5	6.2	2.8
Deferred consideration	1.2	2.0	0.0
Pension surplus / (deficit)	0.5	0.5	6.8
Equity
Non-controlling interests	6.6	7.6	0.0
Total equity	–	345.6	317.6
Net cash and other figures
Net cash / (debt) ex leases	(47.0)	41.6	–
Undrawn facilities	37.5	–	–

	1 Aug 26	31 Jan 26	26 Jul 25	25 Jan 25
Non-current assets
Other intangibles	204.1	162.3	151.1	129.2
Property, plant & equipment	155.7	145.6	122.8	118.0
Non-current assets	369.7	317.9	279.7	259.0
Current assets
Inventories	45.6	31.7	37.4	31.7
Trade receivables	124.2	82.2	113.3	76.8
Cash	15.5	61.4	26.3	21.4
Current assets	186.0	196.3	193.8	173.9
Total assets	555.7	514.2	473.5	432.9
Current liabilities
Trade payables	81.4	74.6	95.9	73.2
Borrowings, current	63.5	40.0	0.1	0.0
Lease liabilities, current	1.9	1.8	1.9	1.8
Current liabilities	149.0	117.7	99.0	76.4
Non-current liabilities
Lease liabilities, non-current	5.5	6.2	2.7	2.8
Deferred consideration	1.2	2.0	2.0	0.0
Pension surplus / (deficit)	0.5	0.5	1.1	6.8
Equity
Non-controlling interests	6.6	7.6	7.8	0.0
Total equity	–	345.6	–	317.6
Net cash and other figures
Net cash / (debt) ex leases	(47.0)	41.6	41.3	–
Undrawn facilities	37.5	–	–	–

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