MELBOURNE: SPC Global Holdings Ltd (ASX: SPG), a leading food and beverage manufacturer, announced today that its post-merger strategy is delivering positive financial results, with the company on track to meet its fiscal year 2025 guidance of A$29 million in normalized EBITDA.
The company reported that its first-quarter performance under new management aligned with expectations across key financial metrics, including revenue and earnings. SPC Global attributed the progress to foundational changes implemented after its merger, which combined The Original Juice Co, SPC, Nature One Dairy, and Natural Ingredients.
Key Developments:
– Cost Savings: Planning has begun to close the Mill Park manufacturing site, with anticipated annual savings of A$4 million to A$5 million, pending funding. Production will shift to the Shepparton facility, which is being upgraded to support growth and new product development.
– Leadership Changes: The company has finalized its executive team, including new appointments in supply chain, finance, and international sales. Managing Director Robert Iervasi praised the team’s early impact.
– Strategic Shifts: SPC Global has transitioned to a demand-led business model, diversified revenue streams across five core channels, and secured new financing to support growth.
“The merger has positioned us for sustainable growth, and while it will take time, the early signs are encouraging,” Iervasi said in a statement.
The full benefits of the Shepparton facility upgrades are expected by fiscal year 2027. Shareholders were reminded that unaudited projections are not guarantees of future performance.