Fever-Tree Outperforms 2025 Forecasts and Expands Buyback as US Rollout Progresses

Fever-Tree Drinks plc (LSE:FEVR) said it expects both adjusted revenue and adjusted EBITDA for 2025 to edge ahead of market expectations, underpinned by steady brand growth and improved momentum in the second half. Fever-Tree brand revenue increased 4% at constant currency over the full year, reflecting resilient demand across most regions.

Geographically, performance was mixed. In the US, revenue rose 6% at constant currency as the transition into Molson Coors’ national distribution network continued to progress well. Europe delivered modest growth, while the rest of the world recorded strong gains, more than offsetting a small decline in the UK. UK trading improved meaningfully in the second half, helping to stabilise performance in what remains a highly competitive market.

During 2025, the group completed a £100m share buyback programme and announced plans to launch a further £30m tranche in February 2026, signalling confidence in its balance sheet strength and outlook. Management also reiterated its strategic focus on expanding beyond tonic into premium soft drinks, positioning the business to benefit from long-term consumer trends toward moderation, premiumisation and quality-led brand choice. On this basis, the board said it remains comfortable with current market expectations for 2026.

Overall, Fever-Tree’s outlook is supported by solid financial delivery and shareholder-friendly capital returns. These positives are partly tempered by a relatively high valuation and mixed technical signals, while the absence of recent earnings call detail limits visibility on near-term sentiment despite the encouraging operational backdrop.

More about Fever-Tree Drinks plc

Fever-Tree Drinks plc is a UK-based producer and global leader in premium carbonated mixers by retail sales value, distributing its products to more than 95 countries. Founded in 2005, the company was created to meet rising demand for high-quality mixers to accompany premium spirits and has since expanded its range to include a broad portfolio of mixers and premium soft drinks sold through both hospitality and retail channels worldwide.