Treatt (LON:TET) Releases Quarterly Earnings Results

Treatt (LON:TET) issued its quarterly earnings results on Tuesday. The company reported GBX 13.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Treatt had a net margin of 7.88% and a return on equity of 8.09%.

Here are the key takeaways from Treatt’s conference call:

• Revenue declined ~11.8% to GBP 132.5 million and gross margin fell 340bps to 25.9%, leaving profit before tax and exceptionals at GBP 10.3 million, driven mainly by sustained high citrus raw material costs and softer U.S. consumer demand.
• The board maintained shareholder returns, declaring a dividend of GBP 5.6 per share and completing a GBP 5 million buyback, signaling confidence in cash generation and the balance sheet.
• Treatt made strategic progress—opening a Commercial and Innovation Center in Shanghai, signing IMCD as APAC distributor, expanding sales presence in Germany and France, and planning a powdered citrus launch in H1 2026 to improve price stability and enter sports nutrition.
• Döhler became a 28% shareholder and Treatt announced a formal relationship agreement plus the appointment of a non-independent NED to capture industry insight while preserving arm’s-length governance.
• For FY26 management expects a return to revenue growth, stable gross margin, normalized CapEx and a return to net cash, noting Q1 performance was in line with expectations.

Treatt Price Performance

TET stock opened at GBX 215 on Tuesday. The stock’s fifty day simple moving average is GBX 212.23 and its 200-day simple moving average is GBX 231.88. Treatt has a 52-week low of GBX 180 and a 52-week high of GBX 457. The stock has a market capitalization of £126.75 million, a price-to-earnings ratio of 11.72 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Treatt from GBX 260 to GBX 290 and gave the stock a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Treatt currently has an average rating of “Hold” and an average target price of GBX 266.67.

About Treatt

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.