(Reuters) -British food ingredients maker Tate & Lyle Plc, one of the world’s biggest producers of sweeteners, warned on Wednesday that its annual profit and revenue would fall due to a slowdown in demand in the Americas, its key market.
Tate & Lyle now expects its revenue and adjusted core profit for the year ending March 31, 2026, to decline by low-single digits. The company had previously guided for revenue growth of at least or just below 4% to 6% and profit growth ahead of sales.
The ingredient supplier to Splenda, a non-sugar sweetener that goes into Diet Coke and other sugar-free drinks, said there was a slowdown in market demand, particularly in the last two months.
The London-listed firm reported annual revenue of 2.12 billion pounds ($2.86 billion) in fiscal 2025, and adjusted core earnings of 446 million pounds.
($1 = 0.7431 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Sherry Jacob-Phillips)
