Latest Food Beverage News

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.

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.

RooLife Group Ltd reported a sharp 51% revenue decline to $4.62 million and a 31% increase in net loss to $2.76 million for FY2025, as it pivots towards higher-margin sectors including renewable energy and global social commerce.

TasFoods reports a $3.6 million net loss for H1 2025, impacted by oversupply and discounted poultry prices, while advancing key initiatives including pet treats expansion and planned divestments.

TasFoods narrowed its half-year loss by 29% despite a 21% drop in sales amid persistent poultry oversupply and discounted pricing. Strategic asset sales and cost-cutting efforts aim to stabilize the business in a challenging market.

Endeavour Group reported a slight revenue decline and a 16% drop in profit for FY25, alongside significant leadership changes including the appointment of a new CEO. The company is advancing its technology separation and sustainability initiatives while maintaining dividend payments.

Coast Entertainment Holdings reports its strongest financial year since 2016, driven by a surge in ticket sales and new attractions, while FY26 begins with robust growth and strategic initiatives.

TasFoods announces plans to divest its premium artisan cheese brand Pyengana Dairy, aiming to refocus capital on its poultry supply chain. The sale, potentially to a major shareholder-backed fund, marks a strategic pivot for the company.

RooLife Group has secured a two-year supply agreement with Eternal Asia, granting access to over one million retail outlets across China and potential annual orders worth up to AUD 110 million.

Clover Corporation has upgraded its FY25 earnings forecast, expecting net profit after tax to exceed market consensus by around 20%, driven by strong sales and operational improvements.

TasFoods reported a $10.7 million net loss for FY2024, challenged by an oversupplied poultry market and a significant asset impairment. The company is pivoting towards growth in pet treats and dairy exports to stabilize its future.