Greggs PLC
Registered name: GREGGS PLC
Greggs PLC made £2.2bn revenue and £126m profit in the year to 27 Dec 2025.
Greggs PLC’s revenue grew 7% to £2.2bn in the year to 27 Dec 2025, with £126m profit and 33,283 employees. The company is classified under “manufacture of bread; manufacture of fresh pastry goods and cakes” and is based in Newcastle Upon Tyne; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Newcastle Upon Tyne, North East
- Age
- 74 yrs · since 1951
- Type
- Public Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Dec 2023 | 27 Dec 2024 | 28 Dec 2024 | 27 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £1.8bn | £2bn | £2bn | £2.2bn |
| Cost of sales | −£711m | −£771m | −£771m | −£829m |
| Gross profit | £1.1bn | £1.2bn | £1.2bn | £1.3bn |
| Operating profit | £192m | £195m | £209m | £188m |
| Profit before tax | £188m | £190m | £204m | £172m |
| Profit after tax | £143m | £141m | £153m | £126m |
| Profit (best available) | £143m | £141m | £153m | £126m |
| Employees (average) | 30,085 | 32,258 | 32,258 | 33,283 |
| Ratios | ||||
| Profit margin | 7.9% | 7% | 7.6% | 5.9% |
| Gross margin | 60.7% | 61.7% | 61.7% | 61.5% |
| Revenue per employee | £60.1k | £62.4k | £62.4k | £64.6k |
| Profit per employee | £4.7k | £4.4k | £4.8k | £3.8k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲11.3% | — | ▲6.8% |
| Profit growth | — | ▼1.1% | — | ▼18% |
| Headcount growth | — | ▲7.2% | — | ▲3.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data May 2026 | Accounts · bulk data Jun 2025 | Accounts · bulk data May 2026 |
How the business works
- Profit margin
- 5.9%
- Profit ÷ revenue.
- Gross margin
- 61.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £64.6k
- Revenue ÷ average employees.
- Profit per employee
- £3.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲3%
- Now 33,283
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (7)
- Birketts Holdings LimitedFigures not disclosed
- Charles Bragg (Bakers) LimitedFigures not disclosed
- Greggs (Leasing) LimitedFigures not disclosed
- Greggs Properties LimitedFigures not disclosed
- Olivers (U.K.) Development LimitedFigures not disclosed
- Olivers (U.K.) LimitedFigures not disclosed
- Thurston Parfitt LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 27 Dec 2025 (profit £126m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.