Losses cut as Mackays promises jam tomorrow – Daily Business

Michael Grant: solid progress

Scottish jam and marmalade producer Mackays has cut its annual losses as it plans new products and distribution developments.

The Arbroath-headquartered business saw pre-tax losses for the year to the end of December reduce by 40% to £656,495 from £1.22 million in the previous 12 months.

Turnover was broadly flat, edging up £17.45 million from £17.34m in the previous year.

The company said its improved performance was partly a result of stronger operational efficiency across its manufacturing base.

Martin Grant, managing director, said: “These results reflect another year of solid progress for the business and continued momentum behind the Mackays brand.

“We have delivered growth in turnover, improved profitability significantly and continued to strengthen our position in the UK and more broadly, despite operating in what remains a challenging economic environment.

“Consumers are still feeling the effects of cost-of-living pressures and manufacturers continue to face sustained inflation across ingredients, packaging and logistics.”

Mackays said international sales remain a core part of the business. Export activity currently accounts for around 30% of turnover.

The business also anticipates further opportunities ahead in retail expansion, foodservice growth and innovation, with several new product and distribution developments planned throughout 2026 and into 2027.

Mr Grant added: “We are entering this next phase of growth from a position of real strength.

The marmalade category is evolving, consumer appreciation for premium heritage brands is increasing, and there remains significant headroom for Mackays both in the UK and internationally.

“We have invested heavily in the business, our people and our operational capability over recent years. That puts us in an excellent position to capitalise on the opportunities ahead.

“We remain extremely confident in the future of the Mackays brand, the wider category and the long-term potential of this business.”

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