T&G Global (TGG) H2 2025 earnings summary

Executive summary

• Achieved strong financial and operational performance in 2025, with revenue up 15% to $1.6b and operating profit up 270% to $46.9m year-over-year.

• Apples division drove growth, now 67% of total revenue, with a 22% revenue increase and operating profit nearly doubling to $74.7m.

• T & G Fresh improved operating profit to $19.6m despite challenging market conditions; VentureFruit saw revenue decline 8% and an operating loss.

• Strategic investments in premium apple and berry varieties, supply chain, and digital tools supported performance and future growth.

Financial highlights

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

• Operating profit: $46.9m (2024: $12.7m), up 270% year-over-year.

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

• Apples revenue: $1.0b (2024: $862.4m), operating profit $74.7m (2024: $37.8m).

• T & G Fresh revenue: $461.0m (2024: $455.3m), operating profit $19.6m (2024: $3.6m).

• VentureFruit revenue: $9.0m (2024: $9.8m), operating loss $2.4m (2024: profit $1.6m).

• Other business revenue: $39.3m (2024: $33.5m), operating loss $45.0m (2024: $30.3m).

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

Outlook and guidance

• Anticipates continued acceleration of growth in 2026, driven by investments in premium apples and berries, supply chain, and digital transformation.

• Premium apple segment expected to expand rapidly, with branded apples forecast to outpace global category growth.

• Full-year benefits from transformation and efficiency programs expected to further improve margins and returns.