Pip & Nut posted strong full-year results for the 12 months ended on 31 December, marking the brand’s move into profitability for the first time.

The company’s annual revenue surged by 50 per cent year-on-year to £26.4m in FY25 compared to £17.5m in the previous year.

Pip & Nut’s post-tax profit reached £733,239 compared to a loss last year of £266,856. The overall operating profit rose to £251,000 from a loss of £168,000 last year.

The group has implemented a long-term strategy of expanding its presence in key international markets, and the business previously acquired a Belgian-based company to expand its presence in the European market.

2025 marked the first full year of trading for the Belgium subsidiary, which positively impacted the group’s international footprint.

Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning

According to the business, the strong results were driven by ongoing investment in the brand and continued development of the company’s overall portfolio.

During FY25, Pip & Nut also increased its number of employees from 30 to 37.

This marks a major milestone for the brand which has grown its portfolio and business over the past years. Pip & Nut launched in January 2015, with Selfridges as its first major customer.

The initial range had smooth peanut butter, smooth almond butter and coconut almond butter and aims to offer a healthier alternative in the spreads category.