SPC Global Holdings Ltd has delivered a strong FY26 result, exceeding earnings guidance, strengthening its balance sheet and improving performance across its domestic and international businesses. The Group has also announced a proposed Middle East distribution partnership and executive leadership changes to support its next phase of growth.
Stronger earnings, improved balance sheet and international momentum
For the year ended 30 June 2026, SPC Global reported net sales revenue of $331.8 million and normalised EBITDA of $38.5 million, up 27 per cent on FY25 and ahead of the Group’s guidance for 25 per cent EBITDA growth. The result reflects the continued shift toward higher-margin branded products, stronger channel mix and disciplined operational execution.
The Group also strengthened its balance sheet, reducing net debt following completion of a $100 million equity raise and improving free cash flow from negative $22.9 million in FY25 to negative $4.1 million in FY26 pre-equity raise. International EBITDA increased to $15.7 million, supported by new ranging across leading retailers including Costco Japan, Emart Traders Korea, and NTUC FairPrice and Cold Storage, in Singapore.
SPC Global Managing Director Robert Iervasi said FY26 marked an important turning point for the business. “FY26 was the year we moved from integration to performance, from strategy to delivery, and from ambition to a stronger, more credible platform for sustained growth. We improved the quality of our earnings by shifting deliberately from lower-return volume toward higher-margin products, better channels and a stronger branded mix, and we validated the rationale for bringing SPC, The Original Beverage Co., Nature One and Natural Ingredients together through real synergy delivery and tighter financial discipline.”
Expanding domestic market presence
Several of SPC Global’s priority categories performed strongly throughout FY26. The On-the-Go channel expanded through new foodservice and catering formats, the ranging of Naked Life sodas across Ampol petrol and convenience outlets, and additional distribution through Amazon Australia and Costco Australia.
Brand strength was reinforced through key retail wins, with Ardmona becoming Woolworths’ exclusive Australian-branded canned tomato offering and SPC ProVital fruit pouches securing ranging with major retailers from July 2026.
International growth agenda expands
As part of its international growth strategy, SPC Global has also entered a Memorandum of Understanding (MOU) with ATAYF 2 Pty Ltd, the family office of distinguished businessman Professor Khalil (Charlie) Shahin AO, to explore a strategic distribution partnership across key Gulf Cooperation Council (GCC) markets. The proposed partnership would support distribution and market development of SPC Global’s food, beverage and dairy portfolio across the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman.
The expansion opportunity supports SPC Global’s long-term strategy to grow its presence in selected international markets. The Middle East represents an attractive market for premium Australian food, beverage and dairy products, while the proposed partnership combines SPC Global’s portfolio with ATAYF’s regional expertise and market relationships to help build distribution and customer demand across the GCC.
“International growth is a key pillar of SPC Global’s long-term strategy and we are encouraged by the momentum we are building across Asia. This prospective partnership with ATAYF provides an entry point into key Middle Eastern markets and the opportunity to build demand for our portfolio of products. We are pleased to be taking this step towards establishing a broader presence in the region,” Mr Iervasi said.
Chairman of ATAYF 2 Pty Ltd, Professor Khalil (Charlie) Shahin AO, said the partnership presents a compelling opportunity to introduce Australian food and beverage brands to consumers across the region.
“The Middle East presents a significant opportunity for trusted, high-quality Australian food and beverage brands. SPC Global has a strong portfolio spanning food, beverages and dairy, with products that are well aligned to growing consumer demand across the region. We look forward to working together to build long-term distribution, customer relationships and brand presence throughout the GCC,” Professor Shahin said.
Strengthening execution
SPC Global has also announced changes to its executive leadership structure, creating a new Group Chief Operating Officer role that will bring together the company’s domestic commercial and supply chain functions under a single executive leader.
The new structure is designed to strengthen execution across the business by improving alignment between customer demand, planning, production and delivery. It will also create greater consistency between SPC Global’s domestic and international operating models as the Company continues to scale.
Moataz Ahmad, currently Group Chief Supply Chain Officer, has been appointed Group Chief Operating Officer effective 1 September 2026.
“As SPC Global grows, it is important that our operating structure supports consistent delivery across both our domestic and international businesses. This change strengthens our ability to execute against our growth priorities and respond to the evolving needs of our customers and consumers,” Mr Iervasi said.
