T&G Global (TGG) H1 2025 earnings summary

Executive summary

• Returned to profitability in H1 2025, driven by revenue growth, productivity, and cost control.

• Revenue rose 12% year-over-year to $920.6m; operating profit reached $18.1m from a prior loss.

• Net profit before tax was $2.3m, reversing a $8.2m loss in H1 2024.

• Opened a new office in Taipei, expanding presence in Asia.

• Continued focus on premium brands and operational transformation.

Financial highlights

• Revenue: $920.6m (up from $820.1m year-over-year).

• Operating profit: $18.1m (vs. $2.6m loss year-over-year).

• Net profit before tax: $2.3m (vs. $8.2m loss year-over-year).

• Cash and cash equivalents: $74.5m as of June 30, 2025.

• Total equity: $496.5m; total assets: $1,273.9m.

Outlook and guidance

• Strong demand for premium brands expected to continue.

• Further benefits anticipated from T&G Fresh transformation and northern hemisphere apple season.

• Ongoing cost controls and performance management to support future growth.

• BayWa AG to divest shareholding as part of long-term reorganisation.