Treatt bounces back and seeks further progress through 2026

The stock in London rose 3p to 216p per share as the Suffolk company unveiled revenue and profit in line with expectations set out in July.

Revenue of £132.5 million (FY24: £150.2m), reflected the impact of continuing external headwinds including sustained high citrus prices and ongoing softness in US consumer confidence.

Profit before tax and exceptional items declined to £10.3m (£18.5m), primarily from prolonged challenging market conditions.

Year-end net debt increased to £5.9m (£0.7m), reflecting the £5m share buyback programme which completed in May 2025, demonstrating continued robust cash generation and discipline. A final dividend of 3p per share resulted in a total dividend of 5.60p per share consistent with Treatt's stated policy.

The company reported an important win in its sugar reduction offering, representing a significant move into a high value category.

It said strategic progress had been made with the expansion of European sales teams in Germany and France, expanding the group's reach in the region.

Treatt also reported commercial progress and growth in Asia (ex. China): A South-East Asia distribution agreement was signed with IMCD in December 2025, expanding Treatt's presence in the region; also in December, the company launched a commercial and innovation facility in Shanghai.

FY26 performance to date is reported as being in line with the Board's expectations.

Manprit Randhawa, Interim Group Managing Director, commented: "It has been a challenging year for Treatt, exacerbated by weak market conditions and soft consumer demand in the US, tariff uncertainty and sustained high citrus prices.

"Treatt has made good strategic progress and delivered revenue and profit in line with our revised guidance set out in the Group's trading update in July despite the considerable headwinds faced during the year. This was achieved through a sharp focus on costs, particularly in the second half of the year to mitigate impact on demand.

"Treatt is looking to the future with optimism after a period of turbulence. We have considerable strengths to build on, including our exceptionally talented people, state-of-the-art facilities with significant capacity for growth, and expertise built over 140 years. These, together with the Group's excellent industry reputation, underpin the Board's confidence for the future."