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Liverpool’s Liver Building – home of Princes Group<\/p>\nThe firm revealed that earnings before interest, tax, depreciation and amortisation (EBITDA) were more than 51% higher than the same period last yearLiverpool’s Liver Building – home of Princes Group<\/p>\n
Liverpool-based tinned tuna brand Princes Group has reported a surge in earnings after achieving a valuation of nearly \u00a31.2bn following its debut on the London stock market. The firm, which is almost 150 years old and best known for its Princes Tuna and Napolina brands, released its first trading update since launching its shares on the London Stock Exchange (LSE).<\/p>\n
It revealed earnings before interest, tax, depreciation and amortisation (EBITDA) of \u00a3111m for the first nine months of 2025.<\/a> This represents an increase of more than 51% compared to the same period last year. However, revenues dropped to \u00a31.4bn from \u00a31.5bn in 2024.<\/a><\/p>\n Princes explained that sales were affected by a decrease in prices for several of its raw materials, which it passes on to the prices charged to customers. The company<\/a> was valued at \u00a31.16bn after going public on the LSE last month.<\/p>\n The firm, located in Liverpool’s<\/a> iconic Liver Building<\/a>, was acquired last year by Italian food company Newlat, which will maintain an investment in the business<\/a>.<\/p>\n It stated that the funds raised from the initial public offering (IPO) would aid in further business growth through acquisition deals.<\/p>\n Princes’ chief executive Simon Harrison said there were “exciting opportunities to pursue value accretive M&A (mergers and acquisitions) following the float”.<\/p>\n “This has been a milestone period for Princes, with our admission to trading on the London Stock Exchange,” Mr Harrison added.<\/p>\n “We have taken decisive actions to enhance earnings quality, improve efficiency and strengthen our commercial partnerships.”<\/p>\n The company also emphasised the introduction of new products and updated ranges set to hit the market in the upcoming months for categories such as oils and Italian foods.<\/p>\n Princes’ shares saw a rise of approximately 5% following the update.<\/p>\n Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you by signing up to our daily and breaking newsletter<\/a>. Sign up to our breaking news newsletter here<\/a>.<\/p>\n Follow us on X<\/a> @LivECHONews<\/a> or on Bluesky @liverpoolecho.co.uk <\/a>– official Liverpool ECHO accounts – real news in real time<\/a>.<\/p>\n We’re also on Facebook\/theliverpoolecho<\/a> – your must-see news, features, videos and pictures throughout the day from the Liverpool ECHO.<\/p>\n Join the Liverpool ECHO Breaking News and Top Stories WhatsApp community to receive the latest news straight to your phone by clicking here<\/a>.<\/p>\n