Baker & Baker, which employs more than 300 people at its site on Cutler Heights Lane, recorded group revenue of €623.5 million, a gross profit growth of 7.5 per cent to €90.1 million, and adjusted EBITDA of €32.7 million.

(The EBITDA performance excludes some one-off, non-underlying items incurred due to restructuring activities and divestments that, according to a spokesperson, “do not reflect the underlying profitability of the group.”)

The group, which employs around 1,300 people across four UK sites, saw a 3.7 per cent decline in product volumes, attributed to rising raw material costs and “other inflationary effects,” but this was said to be offset by gross profit growth “driven by a positive shift in product mix and effective measures to improve efficiency in the group’s operations.”

The company invested approximately €14 million in productivity, growth, and sustenance projects during the year across its 12 manufacturing sites.

At its UK facility in Bradford, Baker & Baker installed a new chocolate system, enabling the launch of three new Milka-branded products for the continental European market: Milka chocolate clusters, Milka cookies, and Milka chocolate-topped brownies.

A spokesperson said: “This product range has already seen strong initial growth in France during the first half of 2025.”

In Germany, Baker & Baker relocated its office to Bremen’s Überseestadt district.

Also in Germany, investments were made at the Delmenhorst site to improve the management and filtration of palm oil across the site’s doughnut lines.

Elsewhere, Baker & Baker introduced Côte d’Or muffins and doughnuts to Benelux markets in late 2024.

Matthew Acheson, CEO, said: “Baker & Baker remains a clear leader in the American Sweet Bakery category in Europe, and our customers trust our expertise and market insight to drive sales across the retail and food service channels.

“We are pleased to have delivered another year of solid financial performance across the group, despite facing a series of geopolitical headwinds and fluctuating consumer confidence.”

Last year, the company launched a group-wide ESG strategy to support its sustainability goals.

Actions included preparing for EUDR compliance, investing in a WRAP water stewardship project in the UK, and submitting net zero targets to the Science Based Targets initiative.

Baker & Baker’s customer base was also grown in the UAE, Saudi Arabia, and other Middle Eastern markets.