Latest Food Beverage News

Wide Open Agriculture has received a $586,624 tax rebate for its overseas research activities in Germany, supporting the commercialisation of its proprietary lupin protein products.

Clover Corporation delivered a robust FY25 with strong second-half sales and operational milestones, positioning itself for continued growth in FY26 amid ongoing innovation and market expansion.

Noumi Limited reported a 13% rise in adjusted operating EBITDA for FY25, driven by strong growth in its Milklab plant-based milk brand, while preparing for a significant convertible note maturity in 2027.

Noumi Limited reported a 9.0% increase in revenue to $162.4 million for Q1 FY26, driven by strong growth in Dairy and Nutritionals and Milklab plant-based milks, while successfully closing legacy legal matters.

OMG Group Limited reported a robust 56% year-on-year increase in quarterly cash receipts, driven by expanded product distribution and a strategic $2 million capital raise. The company is poised for further growth with new retail partnerships and a high-profile marketing campaign ahead of the summer sales season.

Wide Open Agriculture has developed a novel lupin protein milk formulation that overcomes longstanding technological hurdles, lodging a patent to protect its innovation and gearing up for global commercialisation.

New Zealand King Salmon reports a 7% revenue decline to NZD 94.5 million and a net loss of NZD 20.8 million for the first half of 2025, suspending dividends amid ongoing challenges.

RooLife Group has inked a $64 million two-year supply agreement to expand its branded coffee products in China, tapping into the country’s rapidly growing coffee market. The deal leverages established suppliers and distribution partners to accelerate RLG’s e-commerce-driven growth strategy.

RooLife Group has secured a $64 million two-year supply agreement to distribute its branded coffee and food products in China, reinforcing its expansion strategy in the fast-growing market.

New Zealand King Salmon has finalized the purchase of a commercial site in Blenheim, positioning itself for future processing expansion linked to the Blue Endeavour project, while maintaining current operations in Nelson.

Noumi Limited has completed its $11.56 million payment towards a $43 million class action settlement, now unconditional following Victorian Supreme Court approval. The payment was made by insurers, activating legal releases for the company.

SPC Global Holdings has transitioned its senior lending from Scottish Pacific to Commonwealth Bank, securing $134 million in debt financing and anticipating $3 million in annual interest savings.