Treatt (TET) Trading Update summary

Trading performance

• Q1 revenue met management's expectations, with Q2 starting strongly and a robust order pipeline observed.

• Heritage segment leverages expertise to address high orange oil prices, maintaining customer solutions.

• Focus remains on expanding higher margin Premium volumes, with opportunities among new and existing clients.

• China business in New Markets is progressing well, with a Shanghai Innovation Centre opening later in 2025.

• Cash generation is on track with full-year expectations, and the full-year outlook remains unchanged.

Strategic and operational updates

• New organisational structure launched on 1 January 2025, increasing regional focus and customer proximity.

• Strategy aligns with the evolved plan set out in the 2024 full year results.

Company overview

• Treatt is a global manufacturer and supplier of natural extracts and ingredients, especially for beverages.

• Employs over 400 people across Europe, North America, and Asia, with manufacturing in the UK and US.

• Recognized for technical expertise and market knowledge, serving food, beverage, and fragrance industries worldwide.