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Treatt PLC on Thursday said it has continued to experience trading headwinds amid sustained high citrus oil prices and softer demand in North America due to weaker consumer confidence. The Suffolk, England-based extracts and ingredients manufacturer said in the 12 months to the end of September, revenue in its Heritage, Premium and New arms declined compared to the prior year. Heritage was lower by 15%, Premier was down by 13% and New fell 17%, due to the ongoing headwinds. The firm said the revenue mix during the year was in line with the prior year at 68% for Heritage, 23% for Premium and 9% for New. Treatt said it remains focused on operational efficiencies, while positioning itself for a return to sustainable growth in the medium to long-term. The company said its financial performance in financial 2025 is expected to be within the revised expectations set out in July. It expects revenue for the year to fall 15% to £130.6 million from £153.1 million a year ago, with profit before tax and exceptional items at £10.0 million, down 48% from £19.1 million last year. At the end of September, net debt was £5.9 million, compared to £700,000 a year ago, after taking account of the £5 million share buyback. On Monday, Treatt recommended shareholders approve a raised takeover offer from Natara Global Ltd. Natara boosted its offer by 12% to 290 pence per share from its initial offer of 260p. This values Treatt at about £173.8 million, up from £156.6 million previously. Shares in Treatt were down 0.2% at 280.50p in London on Thursday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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