H1 FY25 Results Presentation

• Revenue of A$197.9 million, net loss after tax of A$(23.9) million
• Normalised EBITDA of A$7.5 million, normalised net loss after tax of A$(10.3) million
• Seasonal production diversification bolsters working capital cycle

SPC Global, the newly merged Australian food and beverage company, has reported its H1 FY25 results. The company generated revenue of A$197.9 million and a net loss after tax of A$(23.9) million. Normalised EBITDA was A$7.5 million, and normalised net loss after tax was A$(10.3) million. The results were impacted by manufacturing efficiency challenges at SPC and OJC operations, with purchasing patterns and requirements not meeting demand profiles. The company has implemented measures to address historic surplus inventory positions, primarily in the core tomato and peaches categories. The seasonal production diversification across the business divisions has bolstered the working capital cycle. The company is focused on becoming a demand-led business, converting raw materials and consumer trends into products to serve addressable markets. It is also pursuing channel-led strategies, focusing on where and how consumers shop, and aligning products, pricing, promotions, and marketing strategies with the unique needs and dynamics of channels. The company is seeking up to A$49 million in additional funding to support its growth initiatives and enhance shareholder value.

The company is seeking to secure up to A$49 million in additional funding via a combination of debt instruments to support its growth initiatives and enhance shareholder value.

SPC Global is focused on becoming a demand-led and channel-led business, with a focus on consumer and customer centricity, working capital improvements, and accelerating value-add new product development. The company is also exploring domestic cross-selling opportunities, international expansion, and strategic pricing reviews to drive volume and retail sales value growth.