H&H Group has reported a rise in annual profits to £3 million for the financial year ending June 30 2025.
It is a rise from £1.3 million in the previous year and the company said it reflected a strong performance in the group’s core trading operations, driven by long-term investment in people, infrastructure, and innovation.
After interest costs, losses on sale of subsidiary and revaluation adjustments, profit before tax landed on £1.7m.
Despite the substantial spend required around the group, the board said it wanted to recognise and thank shareholders.
They have unanimously recommended a final dividend of 20p, this is in addition to the 8p dividend already paid earlier in the year.
H&H Group chief executive Richard Rankin said: “This year’s strong results mark a significant moment for H&H Group, reinforcing the effectiveness of our long-term strategy and positioning us for continued growth in a changing rural economy.
“They reflect not only commercial success, but the culmination of a long period of strategic planning and careful transformation.
“Over the past seven years, we have stabilised the business and begun the process of integrating our operations, bringing previously separate trading arms together under a single brand.
“This shift will give us a strong platform for more proactive and ambitious thinking, enabling continued investment in world-class facilities, technology, and people to extend our horizons and plan for our long-term future with confidence.
“Our profit allows us to pay shareholders a significant dividend and reward all our staff with substantial bonuses that their hard work fully deserves.
“Most importantly, these results demonstrate the success of our focus across all businesses on providing the highest quality service, support, and advice our agricultural customers and clients need to navigate the continuing challenges facing the industry today.”
Harrison & Hetherington, the group’s livestock trading division, delivered an outstanding year. Increased livestock prices across the industry significantly contributed to the group’s performance, with H&H marts across the North of England and the Borders seeing high levels of activity and strong returns for farming customers.
H&H Land & Estates performed in line with expectations and continued to support rural and agricultural clients with expert advice across planning, sales, and consultancy.
The division has strengthened its presence across the region, operating from a network of offices that span the Borders to North Yorkshire. Its property and land teams are increasingly recognised for combining strong local knowledge with a national standard of service, supported by digital infrastructure and regional expertise.
The group’s property portfolio was becoming an increasingly important element of the overall business, it added.
It said in particular, investment at Carlisle will generate significant and steady income, helping to support long-term financial resilience.
Property now forms a growing part of the group’s strategic model, creating balance and enabling further reinvestment in other areas of the business.
H&H Insurance Brokers has continued to develop, though the return on recent operational investment has not yet reached its full potential, the firm said.
The foundations laid this year are expected to deliver results in the year ahead, and the group said it remained confident in the long-term contribution of the insurance business to its overall strategy.
Mr Rankin added: “People remain central to our success and following a group-wide engagement survey charting satisfaction with the performance of line managers, we continue to place emphasis on upskilling our managers’ engagement and mentoring capabilities, investing time and resources to expand their ‘management bandwidth’.
“It is fantastic to report that managers across the group have responded to this upskilling by investing time in developing others, growing the managers of the future within our own businesses.”
The group has awarded a bonus to all employees across the business.
Mr Rankin added: “At the close of this financial year, I believe we stand at the cusp of being one of the most integrated and progressive rural service businesses in the UK.
“We continue to invest in our people, the facilities they work in, and the services we deliver.
“The board is also exploring complementary revenue streams that fit our business model, our sectors and geography; opportunities we can scale quickly to provide even more value to our customer base.
“While there is always more to do, we move forward with confidence, a clear sense of purpose, and a strong commitment to our shareholders, customers and communities we serve.
“Our focus remains on turning plans into action and delivering meaningful results for our industry and those who depend on us.”
