Food Empire Holdings profit up 35.7% in H1

Revenue for the period also grew 21.7%.

Food Empire Holdings Limited reported a 35.7% increase in normalised net profit after tax, rising to $40.3m (US$31.5m) for the six months ended 30 June 2025, up from $29.7m (US$23.2m) in the same period last year.

The group’s revenue also grew 21.7% to $350.7m (US$274.1m), supported by higher sales and improved margins across key segments.

The reported results include a non-cash $41.7m (US$32.6m) fair value loss on redeemable exchangeable notes (REN), which does not reflect operational performance.

A Second Supplemental Agreement now allows the REN to be accounted for under a “fixed-for-fixed” classification, removing accounting-driven volatility.

Management said the normalised net profit better reflects the group’s business performance and value creation for shareholders.

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