Profits at Hilton Foods Ireland fall in 'challenging' trading conditions

Hilton Foods (Ireland) Limited recorded an operating profit of €1,284,436 in 2025, down from €2,258,785 in the previous year.

The Irish subsidary of the Hilton Food Group operates a meat packing business supplying major international food retailers from its base in Drogheda, Co. Louth.

Financial statements for the year ended December 27, 2025, show the company's turnover for the year was €191,268,981, up from €159,563,689 in 2024.

The accounts show Hilton Foods financial position "dis-improved slightly" in 2025 with net assets of €8,038,469 (2024: €8,342,360)

Profit for the financial year stood at €496,109, compared to €1,688,911 in 2024.

Hilton Foods

Hilton Foods sources its ingredients from "quality suppliers", which it then processes and packs in its "modern retail packing plant" for onward distribution to its customers.

A factory extension which began in 2024 was completed and put into use last year.

A report from the company's directors outlined: "We continued to grow our volume with all our major customers".

"Trading conditions in the retail sector remain challenging.

"However, we do seek to grow our volume with all our customers and with the extended facility we have the capacity and space to do this."

The directors said the company "continues to work on improving its cost base and to look to new ways of improving efficiencies".

"The company continues to seek every opportunity to grow the business both in its product range and customer base," they added.

The report noted that the principal risks impacting the company are "a small customer base with growth dependent on the success of its customers and growth of the retail packaged protein business and the effective operating and management of the inventory packaging and supply chain process".

The directors said that innovation is a core function of the business.

"Only by ensuring that the retail shopper is consistently inspired and has the best quality product in the marketplace will the business grow," they said.

Staff

The accounts show the cost of raw materials and consumables rose to over €159 million in 2025, compared to €132 million in the previous year.

The average monthly number of people employed by the company, including directors, during the year was 296, up from 252 in 2024.

Of that total, an average of 245 staff were employed in production.

Staff costs, including wages, salaries, social insurance and retirement benefits, rose from €13 million in 2024 to €14.6 million.

Directors salaries and benefits are recorded in the accounts as totaling €221,487, compared to €228,822 in 2024.

Of the directors in office during the year, two were paid by other companies within the Hilton Food Group plc.

Dividends of €1.00 per share amounting to €800,000 were paid during the year.

The accounts noted that the directors do not recommend the payment of a final dividend.

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