Protein Works has reported record revenues in what its directors describe as a 'pivotal and transitional year' for the growing nutrition specialist. The Liverpool-based company achieved a turnover of £55.1 million for the year ending August 31, 2025, up from £50.7 million in the previous year.
New Campus and Financial Performance
During the year, the company moved into its new 'state-of-the-art, vertically integrated' PW Campus in south Liverpool. CEO Laura Keir noted in the accounts filed at Companies House that the project was entirely self-funded, without external financing or additional debt, calling it a meaningful demonstration of operational discipline and balance sheet strength. Pre-tax profit declined from £8.9 million in 2024 to £7.2 million in 2025, which directors said was in line with expectations given the transitional nature of the year and sustained growth.
International Growth and Customer Base
The directors' report for parent company Class Delta highlighted continued UK growth supported by strong performance in strategic international markets. They noted that the underlying international trajectory reinforces the view that the brand has genuine cross-border portability. An EU-based third-party logistics re-platforming has also been completed. Growth is underpinned by a differentiated brand proposition built around taste leadership, science-backed ingredients, and healthy habit-forming product formats. The core range of complete meal and protein shakes, along with a growing savoury meals category, supports sustained engagement and high repeat purchase rates.
Protein Works added that EBITDA margin improved by two percentage points during the year. International revenue grew by 15% in FY25, with Germany being the fastest-growing market. The customer base is broadening, with women now accounting for 55% of UK customers and more than half of all customers aged under 40.
CEO and Investor Comments
Laura Keir commented: 'After 13 years of uninterrupted growth, the standards we set ourselves continue to rise, and I’m incredibly proud of how the team has delivered again in 2025. This year has been the most significant operational year in the company's history, setting out to do three hard things at once: grow the business, move into a new facility, and kick off a brand re-launch, and I’m very proud to say, we did it! That we delivered record revenue and our best-ever margin performance through all of it reflects the depth of the team we've built and the underlying strength of what we've created over 13 years.'
Nicola McQuaid, partner at YFM, the private equity backers of Protein Works, added: 'This is a business that has consistently delivered on its ambitions, and it's a privilege for YFM to support the team. Record revenue and improved margins, achieved through a year of major operational change, speak to the quality of leadership Laura and the team have delivered.'
