T&G Global's interim performance turned from loss to profit, with Apple's revenue exceeding 675 million!

T&G Global is New Zealand's leading fruit grower and apple exporter, owning apple brands Jazz and Envy, while also selling commercial varieties such as Royal Gala, Pacific Rose, and Pacific Queen. Recently, T&G Global announced its interim results for the half-year ending June 30, 2025, with the report showing significant improvement and a rise in profitability. The company's revenue increased from approximately NZD 820 million last year to about NZD 920 million. The operating profit reached NZD 181 million, reversing the NZD 26 million loss from the same period last year; the net profit before tax was NZD 2.3 million, compared to a loss of NZD 8.2 million in the same period last year. The net profit after tax was NZD 1.7 million, compared to a loss of NZD 18.6 million in the same period of 2024. The apple division's revenue was approximately NZD 675 million, a 15% increase from NZD 589 million in the first half of 2024; the operating profit increased by 99% to NZD 47.2 million. ...