Pure Foods Tasmania Limited
PFT.ASXConsumer Staples
Operation of a premium food business in Tasmania
Market Data
$0.027
+0.2%$7.0M
-100000.0x
$-0.041
0.00%
-0.4%
Latest Earnings
Commentary on half year results
4 March 2026
Pure Foods Tasmania reported a challenging 1H26 with a statutory net loss of $6.849M driven by non-cash accounting adjustments, but underlying trading performance improved materially with positive cash flow, positive EBITDA, and expanding gross margins evident in the last seven months. The company has secured significant commercial momentum including Costco Australia distribution, 70% higher Easter orders, and expanded Coles presence to ~700 stores, positioning it for revenue growth in 2H26 supported by a newly established Ice Cream Division and lower structural cost base. Key points: Costco Australia distribution secured with product on shelf from 16 March 2026; also expanding to ~700 Coles stores nationally (from ~300) demonstrating significant retail momentum; Easter 2026 orders ~70% above prior year from major retail customer representing additional $150,000 revenue, reflecting improved execution and strengthened retailer engagement; Last seven months show clear upward trends in trading income, gross profit, gross margin expansion and normalised EBITDA turning positive, demonstrating underlying business improvement
Recent Announcements
Commentary on half year results
Pure Foods Tasmania reported a challenging 1H26 with a statutory net loss of $6.849M driven by non-cash accounting adjustments, but underlying trading performance improved materially with positive cash flow, positive EBITDA, and expanding gross margins evident in the last seven months. The company has secured significant commercial momentum including Costco Australia distribution, 70% higher Easter orders, and expanded Coles presence to ~700 stores, positioning it for revenue growth in 2H26 supported by a newly established Ice Cream Division and lower structural cost base. Key points: Costco Australia distribution secured with product on shelf from 16 March 2026; also expanding to ~700 Coles stores nationally (from ~300) demonstrating significant retail momentum; Easter 2026 orders ~70% above prior year from major retail customer representing additional $150,000 revenue, reflecting improved execution and strengthened retailer engagement; Last seven months show clear upward trends in trading income, gross profit, gross margin expansion and normalised EBITDA turning positive, demonstrating underlying business improvement
Half Year Accounts and Appendix 4D
Pure Foods Tasmania reported HY26 revenue of $2.6M, down 18% YoY, with a net loss of $6.8M (vs $1.3M loss in HY25), primarily due to a $4.6M write-back of deferred tax assets following a reassessment of recoverability. Despite statutory losses, management highlights operational improvements including $2.5M debt reduction, $1.76M capital raised, and expanded retail distribution (Costco, Coles, Drakes), positioning the group for recovery in H2 with improved sales momentum. Key points: Debt reduction of $2.5M and capital raise of $1.76M strengthen balance sheet; Expanded national distribution secured across major retail channels including Costco Australia, Coles supermarkets, and Drakes Supermarkets; Acquisition of premium ice cream brand Elato establishing Ice Cream Division and bringing together multiple plant-based product lines
Easter trading update and ranging with Costco
Pure Foods Tasmania reported strong trading momentum with Easter orders for its Tasmanian Pâté range up 71% year-on-year and secured new product ranging with Costco Australia. The combined Easter uplift and initial 8-week Costco program are expected to generate approximately $300,000 in additional revenue, reflecting the company's strategy to move beyond stabilization into disciplined revenue expansion. Key points: Easter orders for Tasmanian Pâté range up 71% year-on-year; Secured new product ranging with Costco Australia, expanding national retail footprint; Combined revenue uplift of approximately $300,000 from Easter sales and Costco program
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