AGM Trading Statement

AGM Statement

Fever-Tree Drinks plc (the "Group"), the world's leading supplier of premium carbonated mixers, today announces a trading update ahead of its Annual General Meeting ("AGM"), which is being held today at 11am BST.

The Group has made a solid start to the year and remains confident of achieving full-year market expectations. Furthermore, as a reflection of the Board's confidence in the Group's prospects, we are announcing today a further £30m extension to the on-going share buyback programme.

During the early part of the year, the Group continued to execute against its strategic priorities, including:

Establishing the platform to accelerate growth in the US

o The partnership with Molson Coors has continued to progress well, moving beyond the initial transition period and beginning to leverage the new network, with new account wins, increasing distribution and momentum as we progress through the year.

o The brand launched its first national US marketing campaign in April, encompassing TV, digital, e-commerce, and a nationwide sampling initiative.

Diversification strategy continues to gain scale

o A new UK marketing campaign, "Straight Up or Mixed, it's a matter of taste", launched in April, highlighting Fever-Tree's relevance as both a mixer and premium soft drink across a wider range of drinking occasions.

o Continued strong momentum in Australia, driven by our premium soft drinks' portfolio, including the launch of Lemon, Lime & Bitters in collaboration with Angostura Bitters.

Continued category leadership

o Further share gains across key markets including the UK, Europe and the US.

Building business resilience

o As disclosed in the FY25 results presentation, 2026 glass costs are fully hedged with respect to the impact of elevated energy costs. Since then, we have significantly extended coverage through 2027 and into 2028 for energy and increased our hedging position across all other significant cost components into 2027.

Share Buyback

Today the Board has announced a further £30m extension of the share buyback programme. This builds on the £100m share buyback completed in FY25 and the ongoing £30m tranche, of which £18.9m has been returned as of 5 June 2026.

With confidence in the company's prospects and a cash compounding business model, the Board views a share buyback programme as a highly effective mechanism to drive shareholder value, alongside a progressive dividend policy, while enabling the business to continue to invest to accelerate growth.

Tim Warrillow, CEO of Fever-Tree commented:

"We have continued to make good progress against our strategic priorities so far this year. Fever-Tree is well placed to drive long-term growth across our markets as both a premium mixer and soft drink brand and this year we are significantly increasing marketing investment and innovating to support our growth ambitions. Notwithstanding the current uncertainty in the geopolitical backdrop, we are well hedged from a cost perspective and remain confident in achieving market expectations for both adjusted revenue and EBITDA."

Next Scheduled Announcement

The Group will announce its Interim Results on 10 September 2026.

Fever-Tree is the world's leading supplier of premium carbonated mixers by retail sales value, with distribution to over 95 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. The Company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").