Premium apples fuel T&G Global's strong 2025 financial results, with profit up 269 percent

T&G Global Limited posted its financial results for 2025, posting revenue growth of 14 percent, totalling $1.6 billion, and an operating profit of $46.9 million. The latter represents a 269 percent increase compared to 2024.

“Our performance lift comes not as a result of one-time events or unusually favorable conditions. Instead, our results are due to strong execution across the Group,” said T&G Global Chair Benedikt Mangold. “The momentum achieved this year with our growth strategy will accelerate next year to benefit our business, our growers, suppliers, customers, consumers, and shareholders.”

T&G apples are the engine behind company growth

Apple category revenue rose 22 percent to $1 billion, with the business achieving an operating profit of $74.7 million, compared to $37.8 million in the year prior. Growth was driven in part by key investments, including the association with Roc Partners to develop 40 hectares of orchards planting ENVY™ and JOLI™ apples, with T&G leasing the orchards.

“Across Aotearoa New Zealand, we have now licensed 273 hectares of our premium new JOLI™ apple,” said Chief Executive Officer, Gareth Edgecombe. “By 2035, we expect to have 1,500 hectares planted globally.”

In a post published on the company’s website, Mangold explained that as demand for premium, branded apples continues to grow in all key markets, global category value is forecast to rise to $52.7 billion by 2035. This represents expansion at a compound annual growth rate (CAGR) of 7.6 percent.

“We are confident our premium branded apple portfolio can exceed this, with a projected CAGR of 8.4 percent over the same period,” he added. “Urban growth, higher disposable incomes and health-conscious lifestyles are underpinning demand for fruit which is consistent in quality, appearance and flavor.” 

T&G Fresh remains steady, while VentureFruit takes a hit

Trading conditions improved slightly for T&G Fresh, with cost reductions and operational efficiencies helping to offset consumer demand, which was constrained by cost-of-living pressures.

Company revenue was $461 million, up 1.2 percent compared to 2024, when the company posted $455.3 million. 

Operating profit for 2025 was $19.6 million compared to $3.6 million in the prior year, reflecting an increase of over 540 percent resulting from the acquisition of Hinton’s stone fruit business and the expansion of blueberries in Australia and Aotearoa New Zealand.

Meanwhile, VentureFruit delivered an operating loss of $2.4 million, compared to last year’s profit of $1.6 million. This division’s revenue was $9 million, down from $9.8 million in 2024.

Despite economic conditions reducing external growers’ planting activities, VentureFruit made excellent progress scaling its business in apples and berries.

“With strong global demand for berries, VentureFruit has accelerated its growth in this high-value category by introducing its portfolio of superior blueberry and Rubus genetics into North America, supported by an extensive testing network and two new strategic partnerships,” Edgecombe said.

VentureFruit continues to license its portfolio of premium apple varieties and brands, including 300 hectares of TUTTI™ apples to Joy Wing Mau in China this year.

*All images courtesy of T&G Global. 

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