Sysco GB suffered declining pre-tax profits in 2025 as “increasing operating costs” piled on pressure.
The foodservice supplier, which owns UK wholesaler Brakes, saw pre-tax profits fall 38.4% to £28.1m in the year to 29 June 2025, according to the latest figures filed at Companies House.
The figures cover a period when the wholesale sector was reeling from the Chancellor’s 2024 autumn budget, hit by £110m in NI and national living wage increases, Food and Drink Wholesale UK (FWD) said at the time.
Meanwhile, Sysco said it “continues to incur costs in relation to the overhaul of the distribution network in the UK”.
In 2024, the group unveiled plans to create a 475,000 sq ft ‘super-depot’ designed to offer “next-generation” service across London and the south east.
The site in Hemel Hempstead is Sysco’s largest depot in Europe and the first in the country to benefit from the complete suite of technology in use at Sysco’s wholesale distribution operations in the US.
The foodservice giant also incurred costs in relation to its acquisition of Scottish specialist meat supplier Campbells Prime Meats in late 2024.
However, Sysco GB CEO Paul Nieduszynski told The Grocer its recent acquisitions of Campbells Prime Meats and Fairfax Meadow, alongside its expanding private-label product range, ongoing investments in its network and “strengthened centre-of-plate capabilities”, means the business has “built strong foundations for future growth”.
Despite the decline in pre-tax profits, Nieduszynski said Sysco delivered “another year of strong performance” citing a 3% increase in revenue to £4.59bn and operating profit before exceptionals rising 4.6% to £74.1m.
“Sysco GB has maintained profitability and supported customers through sustained investment in service, infrastructure and innovation, helping them to navigate continued challenges across the foodservice sector, including cost of living pressures and staffing shortages,” he added.
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