Glanbia: full-year revenue guidance upgraded
During the period, Glanbia returned €197 million to shareholders through share buybacks, repurchasing and cancelling more than 15 million ordinary shares.
Glanbia plc has announced strong third-quarter momentum and an upgrade to full-year revenue guidance in its Interim Management Statement for the nine months ending October 4.
For the period, Group like-for-like revenue grew by 3.3%, with all segments delivering strong performances in the third quarter.
Performance Nutrition (PN) recorded like-for-like revenue growth of 2.5% when excluding SlimFast and Body & Fit, while Optimum Nutrition (ON) achieved 4.6% growth for the nine months and a standout 14.3% increase in the third quarter, reflecting robust global volume growth. Health & Nutrition (H&N) delivered like-for-like growth of 6.1%, driven by strong demand across priority end-use markets, and Dairy Nutrition (DN) also grew 6.1%, supported by favourable dairy market conditions.
Chief Executive Officer Hugh McGuire said that Glanbia delivered a “good performance in the period, reflecting strong momentum” across our better nutrition brands and ingredients.
Performance Nutrition achieved particularly strong results in the third quarter, led by double-digit volume growth in Optimum Nutrition and Isopure. Health & Nutrition and Dairy Nutrition also performed well, supported by sustained demand and innovation.
“We continue to advance our group-wide transformation programme, simplifying our portfolio through the sale of non-core brands SlimFast and Body & Fit and enhancing our capabilities with the acquisition of Sweetmix in Brazil. With strong sequential improvement in Performance Nutrition, we are upgrading our full-year revenue guidance for the segment to 3–4% like-for-like growth, and now expect adjusted EPS to be at the upper end of our guidance range of 130 to 133 $ cent.”
During the period, Glanbia returned €197 million to shareholders through share buybacks, repurchasing and cancelling more than 15 million ordinary shares.
Net debt at 4 October 2025 stood at $718.5 million, an increase of $98.8 million versus the prior year, primarily reflecting the share buyback and the Sweetmix acquisition.
The Group retains $1.4 billion in committed debt facilities and remains in a strong financial position.