Fevertree Drinks AIM:FEVR
- Founded
- 2004 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Tim Warrillow
- Employees
- 297
- Reports in
- GBP
- Companies House
- 08415302
Premium mixer drinks brand that created and leads the category with tonics, gingers and sodas sold in over 80 countries. Asset-light model using outsourced bottling; the US is now its largest market, where Molson Coors took over production, sales and distribution under a 2025 strategic partnership that included an equity stake.
Read straight from the annual reports
834p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Gross profit | ||||||||||||
| Operating profit | ||||||||||||
| Adjusted operating profit | — | — | — | — | — | — | — | — | ||||
| Exceptional items | — | — | — | — | — | — | — | — | ||||
| Net finance cost | ||||||||||||
| Profit before tax | ||||||||||||
| Adjusted profit before tax | ||||||||||||
| Tax charge | ||||||||||||
| Profit for the year | ||||||||||||
| EBITDA | ||||||||||||
| Adjusted minus statutory PBT | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | ||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Premium mixer category leadership (tonics, gin & tonic occasion)
Global No.1 in premium mixers; strong brand equity supporting pricing integrity
page 6Expansion beyond tonic into adjacent premium adult soft drinks and non-alcoholic RTDs
Products beyond tonic now represent 45% of Group revenues; Ginger Beer is now the largest global Ginger Beer brand by value
page 21US transition to Molson Coors partnership
US Adjusted EBITDA margin fell to 6.3% (2024: 14.4%) reflecting short-term transition-related cost inefficiencies and sharing of US profits with Molson Coors
page 48Rest of Group operational leverage
Rest of Group Adjusted EBITDA margin rose to 23.6% (2024: 22.4%) from continued operational improvements and marketing investment leverage
page 48£4.0m charge: Exceptional costs related to Molson Coors partnership transition (including disposal of Fevertree USA Inc, winding down of historic primary US bottling relationship, restructuring/redundancy of Fevertree USA staff not transferred to Molson Coors, and advisory fees)
page 108As we enter 2026, Fever-Tree does so from a position of strength, with unmatched brand credentials, an ever growing market leadership position, and scalable platforms in place across our priority markets... we are confident of making further progress in 2026 and beyond, while continuing to build long-term value for all stakeholders.
page 23Fever-Tree announced a further extension to the share buyback programme in January 2026 of up to £30 million, leveraging the Group's strong balance sheet and prospects for future cash flow generation; expected to end no later than 31 December 2026
page 49Progressive dividend policy. Board recommending a final dividend of 11.34 pence per share for 2025 (2024: 11.12 pence), bringing total dividend for the year to 17.31 pence (2024: 16.97 pence). Financial Review states the final dividend will be paid on 26 June 2026 to shareholders on the register on 22 May 2026; the Chair's Review states payment on 19 June 2026 to shareholders registered 14 May 2026 (dates given inconsistently across the document as printed)
page 49Directors concluded the going concern basis is appropriate for at least 12 months from approval, having modelled the impact of macroeconomic and geopolitical volatility on cash flow to end of 2028; no plausible scenarios would result in the Group no longer being a going concern. Auditor BDO LLP issued an unqualified opinion that the financial statements give a true and fair view; key audit matter was revenue recognition - completeness of customer arrangement accruals (£11.1m, 2024: £17.4m); Group materiality £4.0m (2024: £3.6m), 1.25% of revenue
page 87- Political and consumer economic environment - macroeconomic volatility (inflation, tariffs, geopolitical conflict, cost-of-living pressures on consumer confidence and spending)p.52
- Competition from other beverage companies in the mixer category, including own-brand/local competitorsp.52
- Supply chain - business continuity, given reliance on third-party bottlers, canners, logistics and distribution partners and a limited number of key material suppliersp.53
- Supply chain - inconsistent quality or contamination of productsp.53
Read from C000460-AR-2025-ch-3.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 30 Mar 2027