TREATT PLC
HALF YEAR RESULTS
SIX MONTHS ENDED 31 MARCH 2026
Treatt PLC (“Treatt” or the “Group”), the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, announces its unaudited half year results for the six months ended 31 March 2026 (the “Period”).
FINANCIAL HIGHLIGHTS:
| Unaudited Half year ended 31 March 2026 | Restated1 Unaudited Half year ended 31 March 2025 | Change | |
| Revenue | £59.9m | £64.0m | (6.5)% |
| Gross profit margin | 24.9% | 25.1% | (20)bps |
| Adjusted2 EBITDA | £5.4m | £6.5m | (18.1)% |
| Operating profit before exceptional items | £2.8m | £3.9m | (28.0)% |
| Adjusted2 operating profit margin | 4.7% | 6.0% | (130)bps |
| Profit before tax and exceptional items | £2.5m | £3.7m | (33.4)% |
| Profit before tax | £2.0m | £2.9m | (30.6)% |
| Adjusted2 basic earnings per share | 3.04p | 4.56p | (33.3)% |
| Basic earnings per share | 2.48p | 3.63p | (31.7)% |
| Net (debt)/cash | £(4.4)m | £0.9m | £(5.3)m |
1 As explained further in note 12 of these financial statements, revenue, cost of sales and all profit-related metrics for the six months ended 31 March 2025 have been restated.
2 Adjusted measures exclude exceptional items, details of which are given in note 7.
HIGHLIGHTS:
- Revenue of £59.9m (H1 2025: £64.0m), reflecting lower Heritage and Premium volumes, in line with expectations, and a slow recovery in citrus, as anticipated.
- Adjusted EBITDA of £5.4m (H1 2025: £6.5m) reflecting lower volumes in Heritage and Premium.
- Profit before tax and exceptionals (“PBTE”) of £2.5m (H1 2025: £3.7m).
- Net debt position of £4.4m (Year end 2025: net debt £5.9m) reflecting robust cash generation since year end.
- Strategic progress during the Period included:
- encouraging volume growth in health & wellness;
- new product launches such as powdered citrus; and
- exciting growth in China following the launch of our Shanghai Commercial & Innovation Centre
- As announced earlier today, the Board have recommended a cash offer from Döhler Finance Management B.V of 305p per share together with the right for shareholders to retain the previously declared final dividend of 3.0p per share in respect of the financial year to 30 September 2025.
Commenting on the results, Interim Group Managing Director & Chief Financial Officer, Manprit Randhawa, said:
“We are pleased to have delivered a first-half performance in line with expectations, as we continued to execute our strategy and respond to global trends in a challenging environment.
In Heritage, we leveraged our expertise to support customers, developing price-stable citrus solutions, including powdered citrus extracts, which launched as planned during the Period.
In Premium, we delivered strong health & wellness growth, driven by momentum in sugar reduction, while in New Markets, the Shanghai Commercial & Innovation Centre supported exciting progress in China through closer customer collaboration”
In accordance with DTR 6.3.5 please find below the unedited full text of the half year results.
A copy of the half year results will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. It will also be available on the Treatt website at www.treatt.com/investor-relations.