Latest Food Beverage News

Maggie Beer Holdings is fast-tracking a strategic review of its Hampers & Gifts Australia division following unsolicited approaches, while maintaining steady overall revenue and delivering significant cost savings.

Pure Foods Tasmania has reported a profitable quarter with improved margins and strategic growth moves, including a new contract packing deal and the acquisition of premium ice cream brand Elato.

Noumi Limited reported a 13.4% revenue increase in Q2 FY26 driven by strong growth in its Dairy and Nutritionals and Plant-based Milks segments, despite a $4.5 million operating cash outflow impacted by legal expenses. The company’s Milklab brand continues to gain traction both domestically and internationally.

Clover Corporation has initiated an on-market acquisition of up to 3.26 million shares to satisfy future employee share plan vesting, aiming to reduce shareholder dilution from new share issuances.

TasFoods Ltd has secured shareholder approval to sell its Pyengana Dairy business and to execute a selective buy-back of nearly 50 million shares, marking a pivotal moment in its strategic reshaping.

OMG Group has achieved over $3 million in sales for the first half of FY2026, marking its strongest half-year performance since new management took charge. The company is poised for further growth with upcoming marketing campaigns and retail partnerships.

RooLife Group's RLG Coffee brand has rapidly scaled to over A$1 million in sales in China just months after launch, supported by a substantial A$64 million supply agreement.

Wide Open Agriculture shakes up its leadership with a new board appointment and plans to recruit a CEO experienced in scaling plant protein businesses, signaling a strategic push to globalise its lupin protein technology.

New Zealand King Salmon Investments Limited has revealed a significant 44% decline in revenue alongside a net loss of NZD 6.3 million for the eight months ending September 2025, signaling challenges ahead for the seafood producer.

Maggie Beer Holdings reveals strategic progress in its 2025 AGM, focusing on operational simplification, financial stability, and targeted growth for its iconic brands.

Pure Foods Tasmania has acquired premium ice cream brand Elato, integrating it with its Cashew Creamery to form a new Ice Cream Division led by Elato’s founder. This move broadens PFT’s product range and leverages existing manufacturing capabilities.

SPC Global Holdings delivered a transformational FY25 with robust financial results and strategic international growth, setting the stage for a confident 25% EBITDA increase in FY26.