**Summary**
Tate & Lyle PLC released a trading statement for the nine months ended 31 December 2025, highlighting that Q3 performance was in line with expectations. The company reaffirmed its full-year outlook, anticipating low-single-digit declines in revenue and EBITDA compared to the prior year. Key points include
1. **Performance Overview**
Q3 revenue was 15% higher on a reported basis due to the CP Kelco acquisition (completed November 2024), but 2% lower on a pro forma basis due to muted market demand.
Nine-month revenue declined 3% on a pro forma basis, with regional variations: Americas (-2%), EMEA (-5%), and Asia Pacific (+1%).
2. **Strategic Actions**
Progress on initiatives to drive top-line growth, including investments in capabilities and technology.
Increased cross-selling opportunities and customer engagement following the CP Kelco integration.
On-track productivity program delivering cost savings.
3. **Outlook**
Unchanged expectations for FY 2026, with low-single-digit declines in revenue and EBITDA.
Focus on returning to top-line growth through selective investments in volume and revenue expansion.
4. **Leadership Confidence**
CEO Nick Hampton expressed confidence in near-term improvements and long-term growth potential, leveraging the companyโs leadership in sweetening, mouthfeel, and fortification solutions.
5. **Conference Call**
A conference call was scheduled for 0800 am GMT on 26 February 2026, with details provided for participation.
Tate & Lyle remains committed to its purpose of transforming lives through food science, supported by its expanded portfolio and global reach post-CP Kelco acquisition.
Below is the HTML table code comparing the financials and revenue changes year-on-year for Tate & Lyle PLC based on the provided text: < lang="en">
1. Comparative information is on a statutory basis, including CP Kelco from acquisition on 15 November 2024. Change is in constant currency.
2. Comparative information is pro forma basis, including the impact of CP Kelco for the entire period. CP Kelco acquisition completed 15 November 2024. Change is in constant currency.
> ### Key Points:
- **Reported Revenue Changes**: Reflect the inclusion of CP Kelco from the acquisition date (15 November 2024).
- **Pro Forma Revenue Changes**: Assume CP Kelco was included for the entire period, providing a like-for-like comparison.
- **Group Total**: Shows a 29% increase in reported revenue but a 3% decline on a pro forma basis. This table provides a clear comparison of the financials across regions and on both reported and pro forma bases.