Business
Half Year Results
Half Year Results.
About this update from Treatt Plc
[{"type":"text","content":"\n\n \n \n13 May 2025\n \nTREATT PLC\nHALF YEAR RESULTS\nSIX MONTHS ENDED 31 MARCH 2025\n \n \n \nTreatt 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 half year results for the six months ended 31 March 2025 (the \"Period\").\n \nFINANCIAL HIGHLIGHTS:\n\n\n\n\n\n\n\nHalf year ended\n31 March 2025\n\n\nHalf year ended\n31 March 2024\n\n\nChange\n\n\n\n\nRevenue\n\n\n£64.2m\n\n\n£72.1m\n\n\n-11.0%\n\n\n\n\nGross profit margin\n\n\n24.9%\n\n\n27.8%\n\n\n-290bps\n\n\n\n\nAdjusted1 EBITDA\n\n\n£6.5m\n\n\n£10.6m\n\n\n-38.9%\n\n\n\n\nAdjusted1 Operating profit\n\n\n£3.8m\n\n\n£8.2m\n\n\n-53.1%\n\n\n\n\nAdjusted1 Operating profit margin\n\n\n6.0%\n\n\n11.3%\n\n\n-530bps\n\n\n\n\nProfit before tax and exceptional items\n\n\n£3.6m\n\n\n£7.6m\n\n\n-52.1%\n\n\n\n\nProfit before tax\n\n\n£2.9m\n\n\n£7.1m\n\n\n-59.6%\n\n\n\n\nAdjusted basic earnings per share\n\n\n4.49p\n\n\n9.35p\n\n\n-52.0%\n\n\n\n\nBasic earnings per share\n\n\n3.56p\n\n\n8.72p\n\n\n-59.2%\n\n\n\n\nDividend per share\n\n\n2.60p\n\n\n2.60p\n\n\n+0.0%\n\n\n\n\n1 Adjusted measures exclude exceptional items, details of which are given in note 7\n \nHIGHLIGHTS:\n \n· Revenue of £64.2m (H1 2024: £72.1m), reflecting lower Heritage and Premium volumes.\n· Meaningful strategic progression during the Period, including further broadening of sales into Premium categories \n· Adjusted EBITDA of £6.5m (H1 2024: £10.6m)\n· Profit before tax and exceptionals (\"PBTE\") of £3.6m (H1 2024: £7.6m)\n· Net cash position of £0.9m (FY 2024: Net debt £0.7m) reflecting robust cash generation\n· Reflecting the Board's ongoing confidence in Treatt's medium-term outlook and the Group's strong cash performance, the £5m share buyback programme announced on 10 April 2025 continues, and today announces a dividend per share of 2.60p (as per prior year)\n \nOUTLOOK\n \nAs announced on 10 April 2025, the Group expects full year revenue of between £146m and £153m, and PBTE between £16m and £18m for the full year to 30 September 202...