SPC Global H1 FY25 Results and Strategic Update

• Total proforma revenue of $197.9 million and normalised proforma EBITDA of $7.5 million
• Shifted focus from commodity goods to value-added offerings, accelerating new product development
• Appointed a new executive leadership team with proven credentials in FMCG

SPC Global Holdings Ltd (ASX:SPG), a market leading Australian food and beverage manufacturer, has provided a market update on its consolidated results and activities for the first half of the 2025 financial year (H1 FY25), ending on 31 December, 2024. The H1 FY25 results are the first consolidated results reported for the newly combined businesses following the successful merger of SPC, The Original Juice Co (OJC), Nature One Dairy and Natural Ingredients. Key highlights include total proforma revenue of $197.9 million and normalised proforma EBITDA of $7.5 million. The company has addressed foundational issues, shifted focus from commodity goods to value-added offerings, accelerated new product development, and moved from being production-led to a demand-led business to serve addressable markets. A new executive leadership team with proven FMCG credentials has been appointed to deliver sustainable growth. The company has also furthered its international expansion, signed a $250 million deal with DFI Retail Group in Hong Kong and Macao, expanded the range with Amazon into the US market, and extended Juice Lab Shots into New Zealand. Looking ahead, the company plans to expand sales channels and product categories, with a focus on working capital management and optimisation, including managing inventory balances across the Group. The company is also exploring refinancing up to $49 million of its debt facilities to fund the $23.5 million relocation and enhanced production capability at its Shepparton site, which is expected to deliver operating efficiency savings of $4 million to $5 million per annum.

SPC Global expects the second half of the financial year to generate significant profit contribution, with plans for expanding sales channels and product categories expected to deliver profitable performance.

SPC Global is well placed to expand into new channels, create innovative new products and formats, and manufacture more efficiently to meet demand, which the company believes will enable it to generate long-term sustainable shareholder value.