Both beef producers and processors look to have had a good year in 2025, with Omagh headquartered Foyle Food Group recording record turnover and profits over the 12-month period to 31 December.
The accounts for Foyle Food Group Holdings Ltd show the Acheson-owned company increased turnover by 20.5%, taking it to £639m.
However, that was broadly matched by a 22% rise in the cost of sales as cattle prices soared last spring, leaving operating profits at £23.63m, up 13% on the £20.93m from the previous year.
Operating profit margin in 2025 stood at a healthy 3.7%, down slightly on the 3.9% margin from 2024.
Profit after tax was £15.26m, up 16% on the 2024 figure of £13.19m.
In their review of 2025, the directors of the company said they were “satisfied” with the results for the year, despite “challenging market conditions”, with the buy to sell margin adversely affected by increases in cattle prices in the first half of the year.
“It took some time for these increases to be recovered through pricing,” notes the directors’ report.
Foyle Food Group has two main NI slaughter sites at Omagh and Campsie, as well as Donegal Meat Processors in the Republic of Ireland.
It also owns primary processing facilities at Gloucester and Melton Mowbray in England, as well as an animal rendering and anaerobic digestion plant at Campsie.
Total employee numbers in 2025 stood at 1,374.
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