TREATT PLC
(“Treatt” or “the Group”)
Trading update for the year ended 30 September 2025
Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, today provides a trading update for the year ended 30 September 2025 (“FY25”).
Since the trading update on 24 July 2025, the Group has continued to experience the trading headwinds set out within that update, including lower demand in Heritage due to sustained high citrus oil prices, and softer demand in the North American market due to a softening in consumer confidence.
Heritage, Premium and New revenues declined against FY24, with Heritage lower by 15%, Premium 13% and New 17%, predominantly due to the headwinds outlined above. The revenue mix during the year was in line with FY24 at 68% (Heritage), 23% (Premium) and 9% (New).
As outlined in July, management has maintained a strong focus on commercial execution and cost controls to mitigate the impact of difficult trading conditions. Treatt continues to execute its strategy and remains focused on driving operational efficiencies while positioning the Group for a return to sustainable growth in the medium-to long-term.
FY25 financial performance is expected to be within the revised management expectations set out in the Group’s trading update on 24 July 2025, with revenue for the year anticipated to be c.£130.6m (FY24: £153.1m), and profit before tax and exceptional items (PBTE) anticipated to be c.£10.0m (FY24: £19.1m). As at 30 September 2025 net debt was £5.9m (FY24: £0.7m), after taking account of the £5m share buyback in year, reflecting the robust cash generation and discipline of the business.
On 6 October 2025, a circular in relation to the recommended cash offer for Treatt by Natara UK Bidco Limited, an entity controlled by funds managed by Exponent Private Equity LLP, was published by Treatt including, inter alia, notices of the Court Meeting and General Meeting to approve the transaction.
Treatt will announce the date of its FY25 full year results in due course.