TFF Group (TFF) Q3 24/25 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 24/25 TU earnings summary
16 Sep, 2026Executive summary
Nine-month consolidated revenue declined 11.4% year-over-year to €327.2 million, with organic revenue down 13.8%.
The downturn is attributed to a weak economic context and a historically small 2024 harvest, with Q3 showing a sharper decline than H1.
Currency effects (+€2.2 million) and external growth (+€6.4 million from acquisitions) partially offset declines.
Financial highlights
Total turnover for the period was €327.2 million, down from €369.5 million year-over-year.
Net profit for 2024 was €58.4 million.
Wine division revenue fell 8.8% to €151.6 million (-12.8% like-for-like).
Alcohol division revenue dropped 13.6% to €175.6 million (-14.6% like-for-like).
Outlook and guidance
Annual activity is forecasted to fall by more than 10%, with no recovery signs in core markets.
Management remains confident in a medium-term reversal and expects investments to drive future profitable growth.
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