REGISTERED NUMBER: 07459738 (England and Wales)

BAZOOKA CANDY BRANDS INTERNATIONAL LTD

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 29 DECEMBER 2024 TO 3 JANUARY 2026

Page

Company Information

1

Strategic Report

2

Report of the Director

6

Report of the Independent Auditors

8

Income Statement

12

Other Comprehensive Income

13

Balance Sheet

14

Statement of Changes in Equity

15

Cash Flow Statement

16

Notes to the Cash Flow Statement

17

Notes to the Financial Statements

18

DIRECTOR:

Mr A Jacobs

SECRETARY:

Mr A Psathas

REGISTERED OFFICE:

3rd Floor

One Eton Street

Richmond

Surrey

TW9 1AG

REGISTERED NUMBER:

07459738 (England and Wales)

INDEPENDENT AUDITORS:

Blencowes

Chartered Accountants & Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

The director presents his strategic report for the period 29 December 2024 to 3 January 2026.

Principal activity

The company's principal activity during the period was the distribution and marketing of distinctive confectionery products across the UK, Europe, AMEA and APAC. The company's core brands include Juicy Drop, Mega Mouth Candy Spray, Push Pop, Big Baby Pop, Ring Pop and Bazooka.

Trading review

Revenue for the period reached €65.42m (FY24: €79.74m), a decrease of €14.32m (18%) year-on-year, following a record FY24. Operating profit reduced to €7.84m (FY24: €10.57m), a decrease of 25.9%, with operating margin declining from 13.26% to 11.98%.

The decline in revenue was not uniform across the business's geographic markets. Turnover by destination was as follows:

Geography

03 January 2026

29 December 2024

Variance

€'000

€'000

%

United Kingdom

Europe

7,762

10,571

-26.6

Rest of World

21,715

30,936

-29.8

Total Turnover

65,417

79,738

-18.0

Rest of World revenue fell most significantly, down 29.8% (€30.94m to €21.72m), followed by Europe, down 18.7% (€24.84m to €20.20m). The UK market was comparatively resilient, down only 1.9% (€23.96m to €23.50m), reflecting continued strength in existing UK retailer relationships even as international markets faced greater headwinds. The decrease was driven by a combination of softer volumes in certain international markets and adverse foreign exchange movements.

Foreign exchange movements had a material adverse impact during the period: the company recorded a net foreign exchange loss of €1.05 million within administrative expenses (FY24: a net foreign exchange gain of €0.48 million), a swing of over €1.5 million, reflecting the FX volatility experienced across the EUR/GBP/USD/JPY exposures the company trades in.

Profit before taxation reduced to €7.57 million (FY24: €10.67 million), and profit for the financial period (after tax) reduced to €5.73 million (FY24: €8.04 million). Administrative expenses decreased from €25.05 million to €21.34 million, mainly due to lower wage costs, reduced travel spend, and decreased storage and marketing spend, partly offset by the foreign exchange loss noted above.

Net assets increased from €20.63 million to €26.36 million, primarily due to a significant increase in cash balances, partly offset by planned reductions in inventory and trade creditors. Current liabilities decreased to €9.79 million (FY24: €14.65 million), driven by a €0.65 million reduction in trade creditors and a reduction in accrued expenses to €4.85 million (FY24: €7.72 million). Cash and cash equivalents rose to €21.46 million (FY24: €17.53 million), reflecting disciplined working capital management.

During the period, the company early-adopted the amendments to lease accounting under FRS 102, moving to a right-of-use lease model. This resulted in the recognition of a new long leasehold right-of-use asset of €2.61 million following €2.9 million of leasehold additions, together with new lease liabilities of €0.21 million due within one year and €2.82 million due after more than one year - the company's first recognition of non-current creditors. This also gave rise to new finance costs of €0.42 million in the period (FY24: nil), reflecting bank interest and lease interest charges.

.

REVIEW OF BUSINESS

Key performance indicators

The director consider revenue, operating profit and EBITDA to be the most reliable indicators for measuring company performance, consistent with the size and complexity of the business.

03 January 2026

29 December 2024

Variance

€'000

€'000

%

Revenue

65,417

79,738

-18.0

Gross Profit

28,284

34,708

-18.5

Gross Margin %

43.2%

43.5%

-0.3pp

Operating Profit

7,836

10,571

-25.9

Operating Profit %

11.98%

13.26%

-1.28pp

EBITDA

8,368

10,665

-21.5

EBITDA Margin %

12.79%

13.37%

-0.58pp

Profit Before Taxation

7,569

10,669

-29.0

Profit for the Financial Period

5,728

8,037

-28.7

Note: EBITDA is calculated as Operating Profit plus depreciation and amortisation ( €531k in FY25; €94k in FY24 ).

Geopolitical Disruption and Freight Costs

Conflict in the Middle East, including disruption around the Red Sea and the escalation of the Iran conflict has led to continued avoidance of the Suez Canal, longer transit times via alternative routes such as the Cape of Good Hope, higher marine war-risk insurance premiums, and constrained container availability. This has increased ocean freight costs and added to the overall cost of goods and has contributed to the disproportionate decline in Rest of World revenue noted in the Trading Review above. The directors continue to monitor the situation closely given the potential for further escalation to affect lead times and shipping costs into FY26.

Macroeconomic Headwinds

Global inflation, rising interest rates, and FX volatility have pressured both revenue and profitability during the period, evidenced by the €1.05 million net foreign exchange loss.

Future Developments

The company remains focused on driving growth through:

- Expansion of existing product lines

- Market penetration in new and existing regions

- Continued investment in marketing, product innovation, and seasonal packaging

- Continued investment in finance systems, controls and reporting capabilities.

- Utilisation of the company newly leased premises to support continued operational growth

The escalation of the conflict involving Iran during 2026 has further disrupted Middle East shipping routes and increased ocean freight and marine insurance costs beyond the levels experienced during the reporting period.

The company is part of a wider group committed to ongoing product development, supported by market research and a growing global customer base.

PRINCIPAL RISKS AND UNCERTAINTIES

Principal Risks and Uncertainties

-

Rising Input Costs: Increases in raw material and commodity prices have impacted production costs. The company may not be able to fully offset these increases through pricing, potentially affecting margins.

-

Consumer and Trade Concerns: Heightened sensitivity around child nutrition could influence customer perception and product demand.

-

Advertising Restrictions: Evolving media regulations may limit marketing efforts directed at target demographics.

-

Geopolitical Disruptions: Conflict in the Middle East, particularly around the Red Sea, has increased ocean freight costs, adding to overall cost of goods.

-

Macroeconomic Headwinds: Global inflation, rising interest rates, and FX volatility may pressure both revenue and profitability.

Supply Chain Risk

The company continually works to diversify its supplier base and reduce reliance on specific vendors or regions. This reduces disruption risk and enhances flexibility. Management also tracks raw material and commodity prices to ensure price competitiveness while protecting margins.

Product Compliance:

All products and ingredients undergo rigorous regulatory checks to meet national and regional standards, led by the company's Quality team.

Credit Risk

Credit risk arises primarily from customer receivables. The company assesses customer creditworthiness prior to extending credit and closely monitors overdue accounts. Customers with significant outstanding balances are placed on hold until accounts are settled.

Liquidity Risk

Liquidity risk is managed through regular forecasting and planning of working capital requirements, ensuring sufficient liquidity to meet all financial obligations, including intercompany debt and trading balances.

Foreign Exchange Risk

The company has exposure to various currencies including EUR, GBP, USD, JPY, THB, and CNY. Forecasting tools are used to assess exposure levels, and the parent company may enter into forward contracts as needed. FX risk is managed centrally through the parent group.

Inflation Risk

Inflationary pressure, especially in the supply chain, is monitored through proactive supplier engagement and forward planning. Where appropriate, cost increases are reflected in customer pricing agreements to protect financial performance.

Risk Management

Evaluation of risks, exposure and consequential mitigation are regularly considered by management which include commercial, operational and financial aspects and a consideration of climate related risks and opportunities. Regular meetings between the directors and management allow the company to assess all the risks and opportunities and react promptly to any situations which might adversely impact the company.

SECTION 172(1) STATEMENT

The directors of Bazooka Candy Brands International Limited understand their duty under Section 172(1) of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the company for the benefit of its members as a whole. In discharging their responsibilities, the directors have had regard to, and carefully considered, the matters set out in Section 172(1)(a) to (f), including:

- The likely consequences of any decision in the long term;

- The interests of the company's employees;

- The need to foster business relationships with suppliers, customers and others;

- The impact of the company's operations on the community and the environment;

- The desirability of maintaining a reputation for high standards of business conduct; and

- The need to act fairly between members of the company.

Long-Term Success and Strategic Decision-Making

The company is committed to driving sustainable, long-term growth in the UK and European confectionery markets, aligned with the broader strategic direction of our US-based parent company. Key decisions taken in 2025, including expansion into new retail channels and continued investment in our brand portfolio, were made with a view to maintaining long-term market relevance and commercial resilience.

Engagement with Employees

The directors recognise that the continued success of the business depends on the commitment and wellbeing of our employees. We maintained open communication through regular team briefings and digital engagement platforms. During the year, we introduced initiatives to support mental health and professional development, and gathered staff feedback through periodic surveys to inform decision-making.

Relationships with Customers and Suppliers

Maintaining strong, ethical relationships with customers, retailers, and suppliers remains central to our business model. In 2025, the company strengthened its collaboration with major UK and EU retailers while working closely with suppliers to manage cost pressures and maintain quality. The directors regularly reviewed feedback from partners to ensure that our service levels remained high and our products met consumer expectations.

Environmental and Community Impact

While the company does not operate manufacturing facilities in the UK, it remains committed to reducing the environmental impact of its operations and supply chain. In 2025, we increased the use of recyclable packaging materials and engaged with third-party logistics partners to explore lower-emission distribution options.

Ethical Conduct and Governance

As a subsidiary of a global consumer goods group, the company operates within a well-established governance framework. Policies covering anti-bribery, data protection, and whistleblowing were reviewed and updated where necessary during the year. The directors are committed to maintaining the highest standards of business conduct in line with group values and UK regulatory expectations.

Shareholder Engagement

As a wholly owned subsidiary of a US-based parent, the company maintains an active and transparent dialogue with its shareholder, with regular reporting on financial performance, risk management, and strategic progress. Key decisions are made in alignment with group oversight while taking into account the UK market context and local statutory responsibilities.

ON BEHALF OF THE BOARD:

Mr A Jacobs - Director

31 July 2026

The directors present their report together with the Strategic Report and audited financial statements for the year ended 03 January 2026. Some disclosures which would previously have been made in the Directors' Report are included in the Strategic Report. Please refer to the Strategic Report for details on principal activities, future business developments, financial performance and a review of the principal risks and uncertainties facing the business.

DIVIDENDS

No dividends will be distributed for the period ended 3 January 2026.

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS

The directors during the period under review were:

Mr D A Collier

Mr A Jacobs

The beneficial interests of the directors holding office on 3 January 2026 in the issued share capital of the company were as follows:

3.1.26

29.12.24

Ordinary Share €1.282 (£1) shares

Mr D A Collier

(5,649,707

)

-

Mr A Jacobs

-

-

The directors have opted to make a full disclosure of their shareholdings in this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

All of the directors have taken all the steps that they ought to have taken to make themselves aware of any information needed by the company's auditor for the purposes of its audit and to establish that the auditor is aware of that information. The directors are not aware of any relevant audit information of which the auditor is unaware.

The auditors, Blencowes, will be proposed for appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr A Jacobs - Director

31 July 2026

Opinion

We have audited the financial statements of Bazooka Candy Brands International Ltd (the 'company') for the period ended 3 January 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 3 January 2026 and of its profit for the period then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement set out on page six, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities including fraud are instances of non- compliance with Laws and Regulations. We design procedures in line with our responsibilities, outlined above to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below :

Non-compliance with laws and regulations

Based on:

-

Our understanding of the Company and the industry in which it operates;

-

Discussion with management and those charged with governance;

-

Obtaining and understanding of the Company's policies and procedures regarding compliance with laws and regulations;

we consider the significant laws and regulations to be UK GAAP, The Companies Act 2006, UK tax legislation and UK employment legislation

The Company is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigation. We identified such laws and regulations to be the health and safety legislation, employment regulations.and anti-bribery.

Our procedures in respect of the above included:

-

Enquiry with those charged with governance for any instances of non-compliance with laws and regulations;

-

Review of correspondence with tax authorities for any instances of non-compliance with laws and regulations;

-

Review of financial statement disclosures and agreeing to supporting documentation:

-

Review of legal expenditure accounts to understand the nature of expenditure incurred.

Fraud and money laundering

We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:

-

Enquiry with management and those charged with governance regarding any known or suspected instances of fraud;

-

Obtaining an understanding of the Company's policies and procedures relating to:

- Detecting and responding to the risks of fraud and

- Internal controls established to mitigate risks related to fraud.

-

Discussion amongst the engagement team as to how and where fraud might occur in the financial statements;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

Considering remuneration incentive schemes and performance targets and the related financial statement areas impacted by these.

Based on our risk assessment, we considered the areas most susceptible to fraud to be management override, revenue and inventory in transit.

Our procedures in respect of the above included:

-

Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation;

-

Assessing significant estimates made by management for bias. Significant estimates include sales return provisions and inventory provisions.

-

Testing a sample of revenue transactions for existence of revenue transactions, considering whether the revenue recognition policies adopted by the Company comply with accounting standards as well as testing a sample of revenue transactions to third party evidence of delivery of goods to the customer.

-

Testing a sample of inventory in transit, to third party evidence that goods were despatched pre year end and third party evidence of post year end receipt of goods at their destination.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members who were all deemed to have appropriate competence and capabilities and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. The description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ashley Painter ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Blencowes

Chartered Accountants & Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

31 July 2026

Blencowes Chartered Accountants

TURNOVER

3

65,416,661

79,737,652

Cost of sales

37,132,857

45,029,546

GROSS PROFIT

28,283,804

34,708,106

Administrative expenses

21,335,834

25,047,481

6,947,970

9,660,625

Other operating income

888,179

910,282

OPERATING PROFIT

5

7,836,149

10,570,907

Interest receivable and similar income

153,413

98,128

7,989,562

10,669,035

Interest payable and similar expenses

6

420,887

-

PROFIT BEFORE TAXATION

7,568,675

10,669,035

Tax on profit

7

1,840,330

2,632,210

PROFIT FOR THE FINANCIAL PERIOD

5,728,345

8,036,825

PROFIT FOR THE PERIOD

5,728,345

8,036,825

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

5,728,345

8,036,825

FIXED ASSETS

Owned

Intangible assets

8

197,639

242,831

Tangible assets

9

672,847

107,802

Right-of-use

Tangible assets

9, 14

2,609,185

-

3,479,671

350,633

CURRENT ASSETS

Stocks

10

9,130,342

12,881,895

Debtors

11

4,900,775

4,522,751

Cash at bank

21,458,309

17,525,284

35,489,426

34,929,930

CREDITORS

Amounts falling due within one year

12

9,790,576

14,647,651

NET CURRENT ASSETS

25,698,850

20,282,279

TOTAL ASSETS LESS CURRENT LIABILITIES

29,178,521

20,632,912

CREDITORS

Amounts falling due after more than one year

13

2,817,264

-

NET ASSETS

26,361,257

20,632,912

CAPITAL AND RESERVES

Called up share capital

15

1,282

1,282

Share premium

16

1,893,703

1,893,703

Capital contribution reserve

16

106,841

106,841

Merger reserve

16

(1,894,983

)

(1,894,983

)

Retained earnings

16

26,254,414

20,526,069

SHAREHOLDERS' FUNDS

26,361,257

20,632,912

The financial statements were approved by the director and authorised for issue on 31 July 2026 and were signed by:

Mr A Jacobs - Director

Called up

share

Retained

Share

capital

earnings

premium

€

€

€

Balance at 31 December 2023

1,282

12,489,244

1,893,703

Changes in equity

Total comprehensive income

-

8,036,825

-

Balance at 28 December 2024

1,282

20,526,069

1,893,703

Changes in equity

Total comprehensive income

-

5,728,345

-

Balance at 3 January 2026

1,282

26,254,414

1,893,703

Capital

contribution

Merger

Total

reserve

reserve

equity

€

€

€

Balance at 31 December 2023

106,841

(1,894,983

)

12,596,087

Changes in equity

Total comprehensive income

-

-

8,036,825

Balance at 28 December 2024

106,841

(1,894,983

)

20,632,912

Changes in equity

Total comprehensive income

-

-

5,728,345

Balance at 3 January 2026

106,841

(1,894,983

)

26,361,257

Cash flows from operating activities

Cash generated from operations

1

6,747,691

15,221,235

Interest paid

(134,695

)

-

Tax paid

(2,203,062

)

(2,841,530

)

Net cash from operating activities

4,409,934

12,379,705

Cash flows from investing activities

Purchase of intangible fixed assets

(28,830

)

(271,365

)

Purchase of tangible fixed assets

(3,631,565

)

(67,333

)

Interest received

153,413

98,128

Net cash from investing activities

(3,506,982

)

(240,570

)

Cash flows from financing activities

Intercompany loans

-

(358,856

)

Payment of lease liabilities

3,030,073

-

Net cash from financing activities

3,030,073

(358,856

)

Increase in cash and cash equivalents

3,933,025

11,780,279

Cash and cash equivalents at beginning of period

2

17,525,284

5,745,005

Cash and cash equivalents at end of period

2

21,458,309

17,525,284

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL PERIOD TO CASH GENERATED FROM OPERATIONS

Period

Period

29/12/24

31/12/23

to

to

3/1/26

28/12/24

€

€

Profit for the financial period

5,728,345

8,036,825

Depreciation charges

245,165

93,947

Finance costs

420,887

-

Finance income

(153,413

)

(98,128

)

Taxation

1,840,330

2,632,210

8,081,314

10,664,854

Decrease in stocks

3,751,553

4,637,814

(Increase)/decrease in trade and other debtors

(304,720

)

807,350

Decrease in trade and other creditors

(4,780,456

)

(888,783

)

Cash generated from operations

6,747,691

15,221,235

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 3 January 2026

3/1/26

29/12/24

€

€

Cash and cash equivalents

21,458,309

17,525,284

Period ended 28 December 2024

28/12/24

31/12/23

€

€

Cash and cash equivalents

17,525,284

5,745,005

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 29/12/24

Cash flow

At 3/1/26

€

€

€

Net cash

Cash at bank and in hand

17,525,284

3,933,025

21,458,309

17,525,284

3,933,025

21,458,309

Total

17,525,284

3,933,025

21,458,309