T&G Global (TGG) H2 2025 earnings summary

Executive summary

• Achieved strong financial performance in 2025, with revenue rising to $1.6b from $1.4b year-over-year and operating profit increasing to $46.9m from $12.7m in 2024.

• Apples division drove growth, contributing 67% of total revenue and delivering $74.7m in operating profit, up from $37.8m.

• T & G Fresh improved operating profit to $19.6m from $3.6m, despite challenging market conditions.

• VentureFruit revenue declined 8% to $9.0m, with an operating loss of $2.4m.

• Strategic investments in premium apple and berry categories, operational efficiencies, and sustainability initiatives underpinned results.

Financial highlights

• Revenue: $1.6b (2024: $1.4b), up 15%.

• Operating profit: $46.9m (2024: $12.7m), up 269%.

• Net profit after tax: $16.0m (2024: loss of $9.9m).

• Earnings per share: 8.3 cents (2024: -13.0 cents).

• Total assets: $1.14b; equity: $510.0m.

• Dividends paid to non-controlling interests: $7.1m.

Outlook and guidance

• Anticipates continued momentum and significant growth in 2026, driven by investments in premium apples and berries.

• Premium apple crop in New Zealand forecast to increase by 25% in 2026.

• Ongoing focus on operational efficiency, supply chain optimisation, and sustainability.