Chairman's Statement and Final Results 2023

Roebuck Food Group plc (AIM: RFG), is pleased to announce its results for the year ended 31 December 2023.

Group Financial Highlights – Continuing Operations

• Group revenue decreased by 15% to £26.7m (2022: £31.4m)
• Operating profit from continuing operations declined from £336,000 to a loss of £1,660,000 in the period under review.
• The loss for the financial year from continuing operations amounted to £1,851,000. This compared to a profit of £156,000 in the prior year.
• Earnings per share of (5.8)p on continuing operations (2022: 0.5p).
• Significantly, net debt has decreased 71% from £3.44m in 2022 to £1m in 2023. Excluding IFRS 16, which reflects the lease obligations on Cantwellscourt Farm and Moorhead McGavin Limited to be classifed as debt, net debt at end 2023 was zero.
• Strategic acquisition on 30 November 2023 of Moorhead and McGavin Limited, a speciality supplier of pulses, cereals, pasta and rice to the food service industry.

Enquiries

Roebuck Food Group plc

Aidan Hughes, Deputy Chairman

Telephone: + 44 1293 862 498

Davy (Nomad)

Anthony Farrell

Telephone: + 353 1 679 6363