McBride shares fell on Wednesday after the hygiene and cleaning goods firm reported revenue growth of 0.7% for the year to June 2025, with adjusted operating profit expected to meet expectations.
The European manufacturer of private label and contract cleaning products saw total volumes rise 4.3%.
However, the company highlighted a slowdown in private label growth. Private label volumes increased just 1.4%, whilst contract manufacturing surged 48.9% due to new long-term deals.
McBride noted that demand for private label products remains strong, but market share has stabilised at current levels. The company said retailers are increasingly seeking cost reductions to support lower market pricing amid ongoing inflationary pressures.
Slowing private label growth will hamper the outlook for the group, and shares were trading down 12% at the time of writing.
Contract manufacturing proved the standout performer, benefiting from significant new long-term contracts secured in recent periods.
The group continued reducing debt, with net debt falling £26.3m to £105.2m. This represents a net debt cover ratio of 1.2x.
McBride announced plans to reinstate annual dividends for the current financial year, with details to be revealed alongside full-year results on 17 September 2025.