In its full year results, food supplier Tate & Lyle reported a 4% increase in earnings before interest, taxes, depreciation and amortisation (EBITDA).
The company reported EBITDA of £446 million, while adjusted revenue was down by 5% on the year to reach £1,512 million.
New product revenue rose by 9%, and Tate & Lyle highlighted that sucralose saw “robust demand” with revenue and adjusted EBITDA up 16% and 18% respectively.
Nick Hampton, chief executive of Tate & Lyle, said: “Over the last seven years, we have been executing a major strategic transformation to make Tate & Lyle a growth-focused speciality food and beverage solutions business aligned to growing, long-term consumer trends for healthier, tastier and more sustainable food and drink. With the acquisition of CP Kelco in November 2024, this transformation is complete.
“The combination with CP Kelco makes Tate & Lyle a leader in Mouthfeel, a critical driver of customer solutions, and further strengthens our Sweetening and Fortification platforms. Our broader portfolio and technical expertise also strengthen our customer solutions capabilities, and our ability to be the solutions partner of choice for customers.
“As an expert in reformulation, taking sugar, calories and fat out of food and adding fibre and protein, we are leaders in helping customers improve the nutritional balance of food. We are exactly where we want to be – right at the centre of the future of food.
“As we start the new year, our focus is on delivering the benefits of the combination and accelerating top-line growth. Integration is progressing well and delivery of the synergies we previously announced is on-track. With significant opportunities ahead, we are confident in the growth potential of our business.”
