Cropper (James) (CRPR): Paper & Packaging turnaround
This situation live
CRPR Cropper (James)
17 Nov 2025 · Restructuring under way; H1 loss narrowed · +8% until the next step
The benefits from these improvements in Paper & Packaging are on track, targeting run-rate break-even Adjusted EBITDA in the final quarter of FY26.
14 Apr 2026 · H2 FY26 EBITDA profit; losses sharply reduced · +11% until the next step
Paper & Packaging saw significantly reduced EBITDA losses for the full year, with the second six months of the year delivering an EBITDA profit.
15 Jul 2026 · H2 EBITDA profit; FY26 loss narrowed to £0.5m · +39% until the next step
Consistent revenue despite a significant customer loss with a return to EBITDA profitability in the second half, reflecting progress from restructuring, cost reduction, raw material utilisation and en
9 Sep 2026 · Particularly strong period, momentum building on H2 FY26 · +45% since
Paper & Packaging has delivered a particularly strong performance in the Period, reflecting high demand from established customers augmented by new business wins accelerating the momentum delivered in
Paper & Packaging turnaround
Particularly strong period, momentum building on H2 FY26
Next: Interim results for six months to 30 September 2026
Every step · 4
- 17 Nov 2025 Restructuring under way; H1 loss narrowed – The benefits from these improvements in Paper & Packaging are on track, targeting run-rate break-even Adjusted EBITDA in the final quarter of FY26. ↗
- 14 Apr 2026 H2 FY26 EBITDA profit; losses sharply reduced – Paper & Packaging saw significantly reduced EBITDA losses for the full year, with the second six months of the year delivering an EBITDA profit. ↗
- 15 Jul 2026 H2 EBITDA profit; FY26 loss narrowed to £0.5m – Consistent revenue despite a significant customer loss with a return to EBITDA profitability in the second half, reflecting progress from restructuring,... ↗
- 9 Sep 2026 Particularly strong period, momentum building on H2 FY26 – Paper & Packaging has delivered a particularly strong performance in the Period, reflecting high demand from established customers augmented by new business... ↗
What is happening
Cropper (James): Paper & Packaging turnaround – Particularly strong period, momentum building on H2 FY26. ['Particularly strong period, momentum building on H2 FY26']
- Announced
- 17 Nov 2025 · Restructuring under way; H1 loss narrowed
- Latest
- 9 Sep 2026 · Particularly strong period, momentum building on H2 FY26
- What it changes
- Confirms the FY27 start: Paper & Packaging's turnaround momentum continues while Advanced Materials is flat, and full-year expectations are held rather than raised.
What comes next
Interim results for six months to 30 September 2026.
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