Isle of Man Meats’ operating losses increased further in the 2025 financial year, with the company posting a £4.76 million loss before government support, up from £4.02m the previous year.
The annual report and financial statements for the year ended March 31, 2025 have now been released.
The meat plant received £4.77m in government subvention during the year, of which it used £4,771,876, a slight rise on the £4,036,031 used in 2024.
The auditors warned that the company “would no longer be a going concern” without continued annual funding from the Department of Environment, Food and Agriculture.
The gross loss for 2024 was £2,602,228, and while income remained broadly flat in 2025, the gross loss widened slightly to £2,671,436.
Administrative expenses rose sharply year‑on‑year, increasing from £1,422,725 to £2,092,870, an uplift of around £670,000.
The full report can be found here.
