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Treatt
Treatt (TET) investor relations material
Treatt H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary20 Jan, 2026
Executive summary
Revenue for FY25 was £132.5 million, down 12% year-over-year, mainly due to high citrus raw material costs and softer consumer demand, especially in the U.S.
Gross margin declined to 25.9%, a drop of 3.4 percentage points year-over-year, reflecting raw material inflation and product mix.
Profit before tax and exceptionals was £10.3 million, with adjusted profit before tax down 44.4% and adjusted EPS at 13.40p.
Dividend of 5.60p per share declared, with £10.1 million returned to shareholders via dividend and share buyback.
Strategic progress included opening a Shanghai Commercial and Innovation Center, expanding sales in Europe and Asia, and a failed acquisition offer from Natara.
Financial highlights
Revenue declined by 11.8% to £132.5 million, primarily volume-driven.
Gross margin dropped by 340 basis points to 25.9%, mainly due to citrus pressures and premium mix.
Adjusted operating profit was £10.7 million, down 44.8%, and adjusted EBITDA was £16.2 million, down 33.7%.
Cost base reduced by over £1 million through self-help measures, while still investing in sales and innovation.
Total dividend per share was 5.60p, down from 8.41p.
Outlook and guidance
Targeting a return to revenue growth and net cash generation in FY26, driven by citrus volume recovery, China growth, and pipeline conversion.
Gross margin expected to be stable as citrus market conditions improve.
Focus on growing volume, cash contribution, normalized CapEx, and a return to net cash.
Industry headwinds expected to persist into FY26, but a strong pipeline and stable leadership support recovery.
Q1 performance in line with expectations; medium to long-term outlook remains confident.
Döhler relationship: How ensure independence?
New citrus products: Expected volume recovery?
Premium segment: Strategy to reverse sales decline?
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Next Treatt earnings date
H1 202612 May, 2026
Treatt
Next Treatt earnings date
H1 202612 May, 2026
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Frequently asked questions
Treatt plc, together with its subsidiaries, manufactures and supplies various natural extracts and ingredients to the flavor, fragrance, beverage and consumer product industries in the United Kingdom, Germany, Ireland, China and Internationally. The company offers flavor ingredients such as citrus, coffee, tea, health and wellness and fruits and vegetables extracts; aroma natural high impact chemicals; herb spices floral ingredients. In addition the company provides fragrance ingredients such as blends and unique dilutions.
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