Tate & Lyle reported first-half revenue up 1% to £1.04 billion, while adjusted EBITDA fell 8% to £197 million and pre-tax profit dropped 18% to £102 million. The company maintained its full-year outlook for modest revenue growth and broadly flat EBITDA, citing stronger performance in Asia Pacific and the Americas that offset weaker conditions in Europe, the Middle East and Africa.
It said the extended Middle East conflict had made cost pressures more pronounced and that it plans to pass inflation through in customer agreements for 2027.
The conflict-related cost inflation may raise ingredient and operating costs, with pass-through to customers potentially lifting food-ingredient prices. The company’s guidance suggests it expects to manage those pressures without a material deterioration in full-year performance.
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