Tate & Lyle plc (TATE) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Tate & Lyle Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.487 -- 00:00:05.796 Good morning and welcome to the conference call for Tate & Lyle's Q3 trading 00:00:05.796 -- 00:00:11.245 statement. Your speakers today are Nick Hampton, Chief Executive, 00:00:11.245 -- 00:00:15.912 and Sarah Carlyle, Chief Financial Officer. 00:00:15.912 -- 00:00:21.017 I will now hand you over to Nick Hampton for some opening remarks. 00:00:21.642 -- 00:00:26.049 Thank you, Operator. Good morning, everyone, and welcome to Tate & Lyle's third quarter 00:00:26.049 -- 00:00:30.579 conference call. I will make some introductory comments, and then Sarah and I will be 00:00:30.579 -- 00:00:32.982 happy to take your questions. 00:00:32.982 -- 00:00:38.227 The group delivered another quarter of solid operating performance, with volume and EBITDA 00:00:38.227 -- 00:00:43.012 growth. We also saw strong productivity and cash delivery. 00:00:43.012 -- 00:00:48.057 In November, we completed the acquisition of CP Calco, a leading global 00:00:48.057 -- 00:00:53.362 pexin and speciality gum business. This acquisition represents a significant 00:00:53.362 -- 00:00:57.305 acceleration in the delivery of agro-focused strategies. 00:00:57.305 -- 00:01:03.413 It establishes Tate & Lyle as a leader in mouthfeel, a critical driver of customer solutions, 00:01:03.413 -- 00:01:08.340 and we are encouraged by the positive response of customers to the benefits of our expanded 00:01:08.340 -- 00:01:11.962 portfolio and solutions capabilities. 00:01:12.145 -- 00:01:16.912 Looking in more detail at our performance in the quarter, volume in food and beverage 00:01:16.912 -- 00:01:21.498 solutions was 4% higher, with growth in each region. 00:01:21.498 -- 00:01:27.342 Revenue was 4% lower, primarily reflecting the pass-through of input cost deflation. 00:01:...