Bunzl plc Q4 2025 Results: Adjusted Operating Profit in Line with Guidance, Underlying Revenue Flat

Bunzl plc expects to achieve an adjusted operating profit in line with guidance for 2025, despite challenging end markets. The company expects underlying revenue to be broadly flat, with good momentum in the final quarter, driven by new business wins in North America. Group revenue growth is expected to be between 2% and 3% at constant exchange rates, with an operating margin of around 7.6%. The company also completed a GBP 200 million share buyback and expects leverage to be just over 2x.