Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • SPG reported FY25 revenue of AUD 319.98 million, up from AUD 234.82 million in the prior year. 
  • The company recorded normalised EBITDA of AUD 30.3 million in FY25, exceeding guidance despite a net loss of AUD 41.1 million due to merger-related costs. 
  • SPG expects 25% growth in normalised EBITDA in FY26, supported by AUD 12.2 million in targeted synergies. 

SPC Global Holdings Ltd (ASX: SPG), formerly known as The Original Juice Co. Ltd, has outlined revenue growth, merger integration progress, and forward-looking targets in its recently announced financial results for the 12 months ended June 2025 (FY25). The Australia-based global food and beverage group operates across a wide portfolio, including packaged tomatoes, fruit, frozen meals, snacks, beverages, powdered milk, pulses, frozen fruit and vegetables, shelf-stable meals and snacks, and recipe bases, sauces, and stocks. 

FY25 Financial Performance 

In FY25, SPG delivered net revenue of AUD 319.98 million, compared to AUD 234.82 million in the prior year. Gross profit increased to AUD 81.7 million in FY25, up from AUD 73 million previously. However, results were not directly comparable, as FY25 included the first consolidated accounts following the December 2024 merger of SPC, OJC, Nature One Dairy, and Natural Ingredients. 

During the reported period, the company recorded normalised EBITDA of AUD 30.3 million, exceeding its guidance. Despite this, SPG reported a net loss of AUD 41.1 million for the year, largely due to one-off merger-related expenses. 

Macroeconomic Indicators and Growth Drivers 

In July 2025, Australia’s Consumer Price Index (CPI) rose 2.8% YoY, according to Australian Bureau of Statistics data. The trimmed mean inflation measure also increased, highlighting inflationary pressures. Key CPI drivers included housing (+3.6%), food and non-alcoholic beverages (+3.0%), and alcohol and tobacco (+6.5%). The rise in food prices is expected to support revenue growth for companies in the food sector, including SPG. 

Outlook 

Looking ahead, SPG is targeting a 25% growth in normalised EBITDA in FY26 compared to pro forma FY25 levels. The company expects to realise AUD 6.2 million in run-rate synergies from FY25 initiatives and deliver an additional AUD 6 million in growth and cost synergies in FY26. Strategic priorities include improving working capital, optimising inventory, and reducing net debt, with the goal of bringing its net leverage ratio below 4x. 

Share performance of SPG 

SPG shares closed at AUD 0.45 per share on 28 August 2025. In the past three months, SPG’s share price increased by almost 40.62% and recorded a drop of 30.23% in the past six months. The 52-week high of SPG is AUD 1.545 and 52-week low is AUD 0.14. 

Support and Resistance Summary 

Note 1: Past performance is neither an Indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, and currency, is 28 August 2025. The reference data in this report has been partly sourced from EODHD/Others. 

  

Technical Indicators Defined:  

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.