Income Statement Tate & Lyle plc

Stocks

TATE

GB00BP92CJ43

Food Processing

Market Closed - London S.E. Other stock markets 16:35:17 08/06/2026 BST			5-day change	1st Jan Change
564.00 ^GBX	+14.77%		+13.34%	+50.48%

06-08	UK Shares Little Changed Amid Geopolitical Movements; Tate & Lyle Accepts Takeover Bid	MT
06-08	Stocks mixed amid lack of Middle East progress	AN

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Published financial data: TATE & LYLE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	1.38B	1.75B	1.65B	1.74B	2.01B
Total Revenues	1.38B	1.75B	1.65B	1.74B	2.01B
Cost of Goods Sold, Total	696M	876M	796M	825M	1.09B
Gross Profit	679M	875M	851M	911M	919M
Selling General & Admin Expenses, Total	263M	287M	265M	321M	386M
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	56M	59M	58M	86M	124M
Amortization of Goodwill and Intangible Assets - (IS)	24M	36M	36M	42M	48M
Other Operating Expenses	173M	270M	261M	211M	120M
Other Operating Expenses, Total	516M	652M	620M	660M	678M
Operating Income	163M	223M	231M	251M	241M
Interest Expense, Total	-23M	-29M	-22M	-35M	-53M
Interest And Investment Income	1M	12M	19M	20M	8M
Net Interest Expenses	-22M	-17M	-3M	-15M	-45M
Income (Loss) On Equity Invest.	-	-24M	25M	-	-
Currency Exchange Gains (Loss)	-2M	-1M	-	-1M	-1M
Other Non Operating Income (Expenses)	-	-	-	-14M	-20M
EBT, Excl. Unusual Items	139M	181M	253M	221M	175M
Restructuring Charges	-1M	-5M	-21M	-72M	14M
Merger & Related Restructuring Charges	-	-	-2M	-80M	-35M
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-17M	-1M	-1M	-	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	3M	-	-	-5M
Other Unusual Items	-79M	-26M	-3M	19M	-18M
EBT, Incl. Unusual Items	42M	152M	226M	88M	131M
Income Tax Expense	16M	25M	47M	43M	33M
Earnings From Continuing Operations	26M	127M	179M	45M	98M
Earnings Of Discontinued Operations	210M	63M	9M	95M	-
Net Income to Company	236M	190M	188M	140M	98M
Minority Interest	-	-	-	3M	-1M
Net Income - (IS)	236M	190M	188M	143M	97M
Net Income to Common Incl Extra Items	236M	190M	188M	143M	97M
Net Income to Common Excl. Extra Items	26M	127M	179M	48M	97M
Per Share Items
Net EPS - Basic	0.59	0.47	0.47	0.35	0.22
Basic EPS - Continuing Operations	0.07	0.31	0.45	0.12	0.22
Basic Weighted Average Shares Outstanding	399M	404M	397M	409M	442M
Net EPS - Diluted	0.59	0.46	0.47	0.34	0.22
Diluted EPS - Continuing Operations	0.06	0.31	0.44	0.12	0.22
Diluted Weighted Average Shares Outstanding	403M	411M	404M	415M	447M
Normalized Basic EPS	0.22	0.28	0.4	0.34	0.25
Normalized Diluted EPS	0.22	0.27	0.39	0.34	0.24
Dividend Per Share	0.22	0.18	0.19	0.2	0.2
Payout Ratio	61.02	38.42	40.43	55.94	90.72
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	250M	296M	303M	356M	392M
EBITA	189M	246M	254M	280M	279M
EBIT	163M	223M	231M	251M	241M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	38.1	16.45	20.8	48.86	25.19
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	36M	45M	71M	36M	50M
Total Deferred Taxes	-20M	-20M	-24M	7M	-17M
Normalized Net Income	86.88M	113M	158M	141M	108M
Interest on Long-Term Debt	2M	2M	2M	2M	3M
Non-Cash Pension Expense	-8M	5M	3M	5M	9M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	41M	46M	44M	50M	62M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	12M	20M	13M	12M	8M
Total Stock-Based Compensation	12M	20M	13M	12M	8M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	110M	475M	437M	334M	344M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	110M	475M	437M	334M	344M
Accounts Receivable, Total	223M	278M	233M	318M	331M
Other Receivables	42M	66M	48M	57M	64M
Total Receivables	265M	344M	281M	375M	395M
Inventory	317M	446M	353M	581M	572M
Prepaid Expenses	16M	16M	16M	23M	22M
Other Current Assets, Total	1.68B	3M	-	4M	1M
Total Current Assets	2.39B	1.28B	1.09B	1.32B	1.33B
Gross Property Plant And Equipment	1.33B	1.48B	1.54B	2.52B	2.57B
Accumulated Depreciation	-831M	-996M	-1.01B	-1.1B	-1.17B
Net Property Plant And Equipment	497M	488M	528M	1.42B	1.4B
Long-term Investments	46M	241M	193M	28M	31M
Goodwill	203M	308M	296M	518M	540M
Other Intangibles, Total	80M	123M	91M	278M	239M
Deferred Tax Assets Long-Term	9M	13M	28M	36M	11M
Deferred Charges Long-Term	-	21M	19M	19M	15M
Other Long-Term Assets, Total	27M	29M	40M	111M	98M
Total Assets	3.25B	2.51B	2.28B	3.73B	3.67B
Liabilities
Accounts Payable, Total	151M	250M	174M	233M	269M
Accrued Expenses, Total	124M	106M	67M	106M	78M
Short-term Borrowings	11M	14M	7M	8M	8M
Current Portion of Long-Term Debt	-	97M	-	139M	-
Current Portion of Leases	10M	10M	10M	14M	12M
Current Income Taxes Payable	23M	62M	47M	44M	62M
Other Current Liabilities	461M	33M	33M	65M	64M
Total Current Liabilities	780M	572M	338M	609M	493M
Long-Term Debt	609M	548M	537M	1.09B	1.23B
Long-Term Leases	49M	44M	36M	52M	44M
Pension & Other Post Retirement Benefits	130M	118M	111M	128M	116M
Deferred Tax Liability Non Current	51M	30M	19M	201M	147M
Other Non Current Liabilities	12M	5M	2M	60M	38M
Total Liabilities	1.63B	1.32B	1.04B	2.14B	2.07B
Common Stock, Total	117M	117M	117M	139M	139M
Additional Paid In Capital	407M	408M	408M	942M	942M
Retained Earnings	865M	513M	623M	473M	494M
Comprehensive Income and Other	230M	151M	90M	36M	23M
Total Common Equity	1.62B	1.19B	1.24B	1.59B	1.6B
Minority Interest	1M	1M	1M	-2M	-
Total Equity	1.62B	1.19B	1.24B	1.59B	1.6B
Total Liabilities And Equity	3.25B	2.51B	2.28B	3.73B	3.67B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	398M	398M	396M	442M	443M
ECS Total Common Shares Outstanding	398M	398M	396M	442M	443M
Book Value / Share	4.07	2.99	3.13	3.6	3.61
Tangible Book Value	1.34B	758M	851M	794M	819M
Tangible Book Value Per Share	3.36	1.91	2.15	1.8	1.85
Total Debt	679M	713M	590M	1.31B	1.29B
Net Debt	569M	238M	153M	972M	950M
Debt Equivalent of Unfunded Proj. Benefit Obligation	95M	100M	82M	100M	101M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1M	1M	1M	-2M	-
Equity Method Investments, Total	-	199M	165M	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	93M	130M	106M	169M	184M
Inventories - Work In Process, Total	20M	38M	20M	110M	86M
Inventories - Finished Goods, Total	204M	278M	227M	302M	302M
Land - (BS)	285M	321M	316M	581M	606M
Machinery, Total	979M	1.07B	1.09B	1.72B	1.82B
Full Time Employees	4.59K	3.6K	3.32K	4.97K	4.84K
Accumulated Allowance for Doubtful Accounts (Supple)	12M	12M	7M	6M	5M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	236M	190M	188M	143M	97M
Depreciation & Amortization - CF	74M	59M	58M	86M	124M
Amortization of Goodwill and Intangible Assets - (CF)	26M	23M	23M	29M	38M
Depreciation & Amortization, Total	100M	82M	81M	115M	162M
Amortization of Deferred Charges, Total - (CF)	-	13M	13M	13M	10M
(Gain) Loss From Sale Of Asset	13M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	26M	-88M	-48M	-32M	-8M
(Income) Loss On Equity Investments - (CF)	-8M	24M	-25M	-8M	-
Stock-Based Compensation (CF)	12M	20M	13M	12M	8M
Net Cash From Discontinued Operations	4M	-84M	-24M	72M	-
Other Operating Activities, Total	-30M	19M	3M	-159M	4M
Change In Accounts Receivable	-151M	-55M	36M	6M	-19M
Change In Inventories	-147M	-118M	78M	22M	-31M
Change In Accounts Payable	79M	71M	-103M	-15M	9M
Change in Other Net Operating Assets	-31M	-8M	-4M	-5M	-2M
Cash from Operations	103M	66M	208M	164M	230M
Capital Expenditure	-132M	-70M	-101M	-114M	-116M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	1M	-192M	-	-807M	2M
Divestitures	-	-	-	-	2M
Sale (Purchase) of Intangible assets	-16M	-8M	-9M	-7M	-9M
Investment in Marketable and Equity Securities, Total	0	8M	0	1M	-
Other Investing Activities, Total	34M	1.1B	90M	297M	8M
Cash from Investing	-113M	835M	-20M	-630M	-113M
Long-Term Debt Issued, Total	2M	1M	-	1.16B	136M
Total Debt Issued	2M	1M	-	1.16B	136M
Long-Term Debt Repaid, Total	-92M	-16M	-114M	-486M	-152M
Total Debt Repaid	-92M	-16M	-114M	-486M	-152M
Repurchase of Common Stock	-13M	-13M	-25M	-223M	-2M
Common Dividends Paid	-144M	-73M	-76M	-80M	-88M
Common & Preferred Stock Dividends Paid	-144M	-73M	-76M	-80M	-88M
Special Dividend Paid	-	-497M	-	-	-
Cash from Financing	-247M	-598M	-215M	367M	-106M
Foreign Exchange Rate Adjustments	13M	45M	-11M	-4M	-1M
Net Change in Cash	-244M	348M	-38M	-103M	10M
Supplemental Items
Cash Interest Paid	21M	25M	24M	37M	50M
Cash Income Tax Paid (Refund)	45M	19M	64M	67M	29M
Levered Free Cash Flow	-1.05B	1.39B	157M	-52M	166M
Unlevered Free Cash Flow	-1.04B	1.41B	170M	-30.12M	200M
Change In Net Working Capital	1.1B	-1.23B	-29M	206M	6M
Net Debt Issued / Repaid	-90M	-15M	-114M	670M	-16M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.28	4.84	6.03	5.22	4.08
Return on Total Capital	4.49	6.63	7.74	6.64	5.21
Return On Equity %	1.69	9.04	14.74	3.18	6.15
Return on Common Equity	1.69	9.05	14.75	3.39	6.09
Margin Analysis
Gross Profit Margin %	49.38	49.97	51.67	52.48	45.81
SG&A Margin	19.13	16.39	16.09	18.49	19.24
EBITDA Margin %	18.18	16.9	18.4	20.51	19.54
EBITA Margin %	13.75	14.05	15.42	16.13	13.91
EBIT Margin %	11.85	12.74	14.03	14.46	12.01
Income From Continuing Operations Margin %	1.89	7.25	10.87	2.59	4.89
Net Income Margin %	17.16	10.85	11.41	8.24	4.84
Net Avail. For Common Margin %	1.89	7.25	10.87	2.76	4.84
Normalized Net Income Margin	6.32	6.46	9.6	8.13	5.4
Levered Free Cash Flow Margin	-76.55	79.45	9.51	-3	8.3
Unlevered Free Cash Flow Margin	-75.5	80.49	10.34	-1.74	9.95
Asset Turnover
Asset Turnover	0.44	0.61	0.69	0.58	0.54
Fixed Assets Turnover	1.72	3.81	3.24	1.78	1.43
Receivables Turnover (Average Receivables)	5.31	6.99	6.45	6.3	6.19
Inventory Turnover (Average Inventory)	1.64	2.3	1.99	1.77	1.92
Short Term Liquidity
Current Ratio	3.06	2.24	3.22	2.16	2.71
Quick Ratio	0.48	1.43	2.12	1.16	1.5
Operating Cash Flow to Current Liabilities	0.13	0.12	0.62	0.27	0.47
Days Sales Outstanding (Average Receivables)	68.75	52.22	56.78	57.92	58.95
Days Outstanding Inventory (Average Inventory)	222.62	158.96	183.69	206.61	190.06
Average Days Payable Outstanding	158.6	72.82	110.37	70.54	83.36
Cash Conversion Cycle (Average Days)	132.77	138.36	130.09	194	165.65
Long Term Solvency
Total Debt/Equity	41.91	59.92	47.62	82.24	80.98
Total Debt / Total Capital	29.53	37.47	32.26	45.13	44.74
LT Debt/Equity	40.62	49.75	46.25	72.1	79.72
Long-Term Debt / Total Capital	28.62	31.11	31.33	39.56	44.05
Total Liabilities / Total Assets	50.17	52.53	45.71	57.44	56.41
EBIT / Interest Expense	7.09	7.69	10.5	7.17	4.55
EBITDA / Interest Expense	11.43	10.52	14.18	10.46	7.6
(EBITDA - Capex) / Interest Expense	5.7	8.1	9.59	7.2	5.42
Total Debt / EBITDA	2.58	2.34	1.89	3.57	3.21
Net Debt / EBITDA	2.16	0.78	0.49	2.66	2.36
Total Debt / (EBITDA - Capex)	5.18	3.03	2.8	5.18	4.51
Net Debt / (EBITDA - Capex)	4.34	1.01	0.73	3.86	3.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.54	27.35	-5.94	5.4	15.55
Gross Profit, 1 Yr. Growth %	3.98	28.87	-2.74	7.05	15.02
EBITDA, 1 Yr. Growth %	-16.11	26.5	1.68	17.11	10.11
EBITA, 1 Yr. Growth %	2.16	31.55	2.42	9.8	-0.36
EBIT, 1 Yr. Growth %	7.24	36.81	2.67	8.19	-3.98
Earnings From Cont. Operations, 1 Yr. Growth %	-70.79	388.46	40.94	-71.88	117.78
Net Income, 1 Yr. Growth %	-6.72	-19.49	-1.05	-23.94	-32.17
Normalized Net Income, 1 Yr. Growth %	6.11	30.22	38.25	-0.96	-23.21
Diluted EPS Before Extra, 1 Yr. Growth %	-71.19	379.76	44.16	-70.85	87.07
Accounts Receivable, 1 Yr. Growth %	-24.41	24.66	-16.19	36.48	4.42
Inventory, 1 Yr. Growth %	-40.41	40.69	-20.85	64.59	2.14
Net Property, Plant and Equip., 1 Yr. Growth %	-55.02	13.22	8.2	169.7	-0.92
Total Assets, 1 Yr. Growth %	9.57	-22.89	-8.97	63.5	-1.5
Tangible Book Value, 1 Yr. Growth %	20.58	-44.18	12.27	-6.7	6.64
Common Equity, 1 Yr. Growth %	11.42	-26.56	4.12	28.43	0.5
Cash From Operations, 1 Yr. Growth %	-72.09	-35.92	215.15	-21.15	40.24
Capital Expenditures, 1 Yr. Growth %	-1.49	-46.97	44.29	12.87	1.75
Levered Free Cash Flow, 1 Yr. Growth %	-1.28K	-221.67	-88.75	-133.07	-694.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.11K	-224.82	-87.92	-117.62	-3.36K
Dividend Per Share, 1 Yr. Growth %	-39.33	-15.14	3.24	3.66	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-30.93	20.25	9.44	-0.43	10.36
Gross Profit, 2 Yr. CAGR %	-26.44	15.76	11.95	2.04	3.92
EBITDA, 2 Yr. CAGR %	-26.6	-0.34	13.79	9.3	13.56
EBITA, 2 Yr. CAGR %	-27.34	15.31	16.55	6.26	4.6
EBIT, 2 Yr. CAGR %	-28.96	21.12	19.05	5.62	1.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-67.42	19.46	162.39	-40.47	-21.74
Net Income, 2 Yr. CAGR %	-1.85	-13.34	-10.75	-13.25	-28.17
Normalized Net Income, 2 Yr. CAGR %	-34.3	17.54	34.91	11.08	-12.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-67.5	17.58	162.98	-38.63	-26.16
Accounts Receivable, 2 Yr. CAGR %	-12.91	-2.92	2.22	6.95	19.19
Inventory, 2 Yr. CAGR %	-16.62	-8.44	5.53	14.14	27.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-35.37	-33.54	10.68	70.82	62.72
Total Assets, 2 Yr. CAGR %	6.78	-8.08	-16.22	21.99	26.75
Tangible Book Value, 2 Yr. CAGR %	12.32	-17.29	-20.84	2.35	-1.9
Common Equity, 2 Yr. CAGR %	7.58	-9.54	-12.55	15.64	13.61
Cash From Operations, 2 Yr. CAGR %	-48.28	-57.71	42.11	57.63	5.16
Capital Expenditures, 2 Yr. CAGR %	-3.24	-27.72	-12.53	27.62	7.17
Levered Free Cash Flow, 2 Yr. CAGR %	158.71	294.82	-62.99	-80.68	2.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	141.58	269.91	-61.16	-85.39	8.05
Dividend Per Share, 2 Yr. CAGR %	-20.54	-28.24	-6.4	3.45	1.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-20.68	-15.3	10.79	8.08	4.64
Gross Profit, 3 Yr. CAGR %	-18.12	-11.33	9.23	10.29	1.65
EBITDA, 3 Yr. CAGR %	-17.67	-13.92	0.56	15.01	9.57
EBITA, 3 Yr. CAGR %	-17.45	-11.76	11.14	14.4	4
EBIT, 3 Yr. CAGR %	-18.03	-11.62	14.97	15.48	2.32
Earnings From Cont. Operations, 3 Yr. CAGR %	-47.63	-19.67	26.23	20.06	-8.28
Net Income, 3 Yr. CAGR %	9.25	-8.13	-9.42	-15.38	-20.08
Normalized Net Income, 3 Yr. CAGR %	-22.53	-17.47	24.53	17.55	-1.78
Diluted EPS Before Extra, 3 Yr. CAGR %	-47.76	-20.27	25.84	21.8	-11.02
Accounts Receivable, 3 Yr. CAGR %	-8.49	-1.85	-7.56	12.56	5.99
Inventory, 3 Yr. CAGR %	-9.94	-0.74	-12.78	22.38	8.65
Net Property, Plant and Equip., 3 Yr. CAGR %	-20.31	-25.71	-21.82	48.94	42.02
Total Assets, 3 Yr. CAGR %	5.19	-4.2	-8.38	4.7	13.5
Tangible Book Value, 3 Yr. CAGR %	5.22	-10.55	-8.42	-16.38	2.61
Common Equity, 3 Yr. CAGR %	2.83	-5.28	-5.2	-0.6	10.36
Cash From Operations, 3 Yr. CAGR %	-32.17	-44.45	-17.39	16.77	51.61
Capital Expenditures, 3 Yr. CAGR %	8.62	-20.82	-8.99	-4.77	18.34
Levered Free Cash Flow, 3 Yr. CAGR %	71.51	106.83	20.62	-64.31	-50.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.74	99.36	18.26	-70.12	-47.89
Dividend Per Share, 3 Yr. CAGR %	-14.02	-18.78	-18.99	-3.16	2.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-12.96	-8.36	-9.78	-9.64	10.62
Gross Profit, 5 Yr. CAGR %	-10.02	-6.07	-7.21	-6.21	7.07
EBITDA, 5 Yr. CAGR %	-8.93	-7.45	-7.52	-5.16	5.64
EBITA, 5 Yr. CAGR %	-8.21	-5.24	-5.44	-4.8	8.56
EBIT, 5 Yr. CAGR %	-8.2	-4.59	-4.84	-4.92	9.66
Earnings From Cont. Operations, 5 Yr. CAGR %	-36.66	-13.55	-0.22	-28.75	1.95
Net Income, 5 Yr. CAGR %	-1.61	-6.44	0.76	-10.21	-17.45
Normalized Net Income, 5 Yr. CAGR %	-11.57	-8.68	-3.29	-6.85	5.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-36.71	-13.99	-0.28	-28.2	-0.53
Accounts Receivable, 5 Yr. CAGR %	-2.26	0.89	-4.35	1.58	2.33
Inventory, 5 Yr. CAGR %	-6.39	1.26	-4.05	4.96	1.46
Net Property, Plant and Equip., 5 Yr. CAGR %	-14.07	-12.75	-11.67	3.66	4.82
Total Assets, 5 Yr. CAGR %	3.25	-0.5	-3.96	5.53	4.32
Tangible Book Value, 5 Yr. CAGR %	7.49	-5.52	-5.8	-5.6	-5.87
Common Equity, 5 Yr. CAGR %	3.98	-2.75	-3.62	2.59	1.92
Cash From Operations, 5 Yr. CAGR %	-19.14	-25.42	-8.82	-15.69	-9.02
Capital Expenditures, 5 Yr. CAGR %	0.78	-8.81	-0.39	-4.16	-2.84
Levered Free Cash Flow, 5 Yr. CAGR %	71.96	50.24	-5.57	-19.85	13.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	64.47	47.89	-5.66	-29.89	14.15
Dividend Per Share, 5 Yr. CAGR %	-7.77	-11.19	-11.05	-10.53	-11.24