Kitwave operates through Ambient, Frozen and Chilled, Retail and Wholesale, and Foodservice segments, providing diversified exposure across the UK food and drink wholesale market. Founded in 1987 by Paul Victor Young, the company has established itself as an independent delivered wholesale operator with strong customer reach across multiple channels.
Cyborg Score Rationale
The company has an EBITDA margin of 6.59%, indicating moderate operational efficiency typical of wholesale distribution. Recent results showed net income declining 11.81% despite a 10.20% revenue increase, with SG&A costs rising to 18.02% of sales.
Top Insights
Half-year net income improved to 12.45M GBP from 4.18M GBP (198% increase), showing strong profitability recovery
PE ratio of 10.55x with dividend yield of 5.13% suggests attractive valuation for income investors
Revenue grew 10.20% to 663.65M GBP year-over-year, demonstrating market demand for wholesale distribution
Stock up 32.58% in one week and 34.40% over the month, indicating recent positive market sentiment
Named Competitors
Institutional and mainstream cash & carry — Large-scale food wholesale and cash & carry operator
Specialist frozen & chilled distribution — Regional food service and wholesale suppliers
Independent delivered wholesale — International food distribution competitors
Recent Developments
(January 2026) Announced recommended cash acquisition
(FY 2024) Revenue increased to £663.65m with net income of £16.72m despite SG&A pressures
(H1 2025) Significant profit recovery with net income reaching £12.45m
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