By Nina Kienle

Tate & Lyle said it expected lower revenue and earnings for fiscal 2026 after a slowdown in market demand in the first half.

The London-listed provider of food-and-beverage ingredients on Wednesday said it now expects revenue and earnings before interest, taxes, depreciation, and amortization for the year ending March 31 to decline by low-single digit percent compared to the prior year.

It had previously forecast revenue growth at, or slightly below, the bottom of its medium-term range between 4% and 6%. Ebitda growth was expected ahead of revenue.

For the first six months in Europe, Middle East and Africa, revenue is expected to be mid-single digit lower despite slightly higher demand, while in Asia-Pacific, revenue is expected to be broadly in line after absorbing the impact of tariffs, it said. In the Americas, revenue is expected to be slightly lower reflecting softer consumer demand, it added.

As a result, group revenue in the first half of the fiscal year is expected to be 3% to 4% lower, and Ebitda is expected to be high-single digit percent lower.

It posted revenue of 775 million pounds ($1.04 billion) and Ebitda of 180 million pounds in the same period the prior year.

While the near-term market demand environment will remain challenging, Tate & Lyle expects performance to improve in its fourth quarter, it said. This will be driven by the actions taken to drive top-line growth and the increasing benefits from the CP Kelco combination, it added.

The company is expected to release first half results on Nov. 6.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

October 01, 2025 02:40 ET (06:40 GMT)

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