Fevertree Share News (FEVR)

(Alliance News) - Fevertree Drinks PLC on Tuesday announced a GBP30 million extension to its share buyback programme and said it remains confident of achieving full-year market expectations.

Ahead of Tuesday's annual general meeting, the London-based premium drink mixers manufacturer said it has made a "solid" start to the year and highlighted share gains across key markets including the UK, Europe and the US.

In response, shares in Fevertree Drinks jumped 6.3% to 807.00 pence each in London on Tuesday.

The partnership with Molson Coors has continued to progress well, backed by a new marketing campaign, while Australia has seen strong momentum, the firm added.

Glass costs for 2026 are "fully hedged" with respect to the impact of elevated energy costs, while the business has "significantly" extended coverage through 2027 and into 2028 for energy and increased its hedging position across all other significant cost components into 2027.

The extended buyback builds on the GBP100m programme completed in financial 2025 and the ongoing GBP30 million tranche, of which GBP18.9 million has been returned as of last Friday.

"With confidence in the company's prospects and a cash compounding business model, the board views a share buyback programme as a highly effective mechanism to drive shareholder value, alongside a progressive dividend policy, while enabling the business to continue to invest to accelerate growth," it said.

Chief Executive Tim Warrillow said despite the current geopolitical uncertainty, the firm remains confident in achieving market expectations for both adjusted revenue and earnings before interest, tax, depreciation and amortisation.

The group will announce interim results on September 10.

By Jeremy Cutler, Alliance News reporter

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