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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
T&G Global
T&G Global (TGG) investor relations material
T&G Global H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary6 Aug, 2026
Executive summary
Revenue for H1 2026 rose 2.6% year-over-year to $572.3m, with operating profit up 30.3% to $11.6m.
Apples business, led by ENVY™ brand surpassing $1 billion in global retail sales, drove growth, with significant sales increases in Asia.
Strategic review prioritized Apples and VentureFruit for long-term growth, leading to the sale of New Zealand fresh produce, Fijian, and Pacific Islands export businesses, reported as discontinued operations.
Recorded a $34.4m impairment on discontinued operations, resulting in a net loss of $30.5m for the period.
Financial highlights
Group revenue: $572.3m (up from $557.9m in H1 2025).
Operating profit: $11.6m (up from $8.9m in H1 2025).
Net loss: $30.5m (vs. profit of $1.7m in H1 2025), driven by $34.4m impairment on assets held for sale.
Basic and diluted EPS: (26.9) cents (vs. (0.9) cents in H1 2025).
Cash and cash equivalents at period end: $70.1m.
Outlook and guidance
Focused on building momentum in Apples and VentureFruit, with strong market demand and premium positioning.
Proceeds from divestments to reduce debt and strengthen balance sheet.
Anticipates revenue reduction from discontinued operations but expects improved capital allocation and growth in core segments.
Monitoring El Niño risks and implementing resilience measures for upcoming crops.
Confident in maintaining performance momentum in the second half of 2026.
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Latest events from T&G Global
- Strong premium apple demand drove double-digit revenue and profit growth year-over-year.TGG
H2 2025 - Profitability restored as revenue and operating profit surged, led by branded apples and cost control.TGGH1 2025
- Revenue up 7% to $820.1M, but net loss widened due to a $12.7M one-off tax expense.TGGH1 2024
- Premium apple growth and operational recovery drove improved financial results.TGGH2 2024
Next T&G Global earnings date
H2 202625 Feb, 2027
T&G Global
Next T&G Global earnings date
H2 202625 Feb, 2027
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Frequently asked questions
T&G Global Limited is a New Zealand-based company specializing in the production, distribution, and marketing of fresh produce. The company grows, imports, exports, and markets a variety of fruits and vegetables, including apples, berries, tomatoes, and citrus fruits. With operations in New Zealand and internationally, T&G Global works closely with growers and retail partners to deliver fresh produce to consumers year-round. The company also focuses on innovation in sustainable agricultural practices to enhance product quality and reduce environmental impact. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.