)
TFF Group (TFF) investor relations material
TFF Group H2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined 26.5% year-over-year to €312.7 million, reflecting weak harvests, cautious market sentiment, and US customs duties.
EBITDA fell 40.4% to €48.2 million, with margins pressured by lower activity and external headwinds.
Net income dropped 71.1% to €9.2 million, impacted by high depreciation, amortization, and non-recurring provisions.
The group demonstrated resilience, maintaining profitability and reducing net debt despite challenging conditions.
Financial highlights
Turnover: €312.7 million, down 26.5% year-over-year.
EBITDA: €48.2 million (15.4% margin), down 40.4%.
Recurring operating income: €28.5 million, down 53%.
Net income: €9.2 million, down 71.1%.
Free operating cash flow reached €59.7 million, returning to positive territory.
Outlook and guidance
Activity levels expected to be lower in the coming year to preserve profitability.
Continued focus on debt reduction through destocking and limiting capital expenditures.
Proposed dividend of €0.40 per share, down from €0.50, to maintain financial solidity.
- Revenue and profit declined sharply, but cost controls preserved margins and reduced debt.TFF
H1 25/2622 Jan 2026 - Q1 revenue fell 26.5%, with a 20% annual drop expected; focus shifts to inventory and debt reduction.TFF
Trading Update10 Sep 2025 - Profitability held near 20% EBITDA margin despite a 12.6% revenue drop and market headwinds.TFF
H2 24/2510 Jul 2025 - Record revenue and profit growth fueled by bourbon; 2024/25 revenue target set at €500m.TFF
H2 23/2413 Jun 2025 - Sales and profit fell sharply; outlook remains challenging amid ongoing market headwinds.TFF
H1 24/255 Jun 2025
Next TFF Group earnings date
Next TFF Group earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)