T&G Global (TGG) H1 2025 earnings summary

Executive summary

• Revenue rose 12% year-over-year to $920.6m for H1 2025, driven by growth strategy, productivity, and cost control.

• Operating profit reached $18.1m, reversing a prior loss of $2.6m.

• Net profit before tax was $2.3m, reversing an $8.2m loss in H1 2024; net profit after tax was $1.7m, compared to an $18.6m loss previously.

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

• Continued focus on premium brands, operational transformation, and growth strategy.

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 and branded apple volumes expected to continue.

• Management confident in continued improved financial performance for H2 2025.

• 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.