The SPC name is back in China, after many years largely confined to the domestic market.
SPC Global managing director Robert Iervasi said a deal had been struck to get a modest delivery of processed tomatoes into China.
It included a three-year distribution agreement to sell into the market.
The first delivery arrived about four weeks ago.
Mr Iervasi said the tomatoes were grown in the Goulburn Valley and processed at Shepparton.
“Our ambition now is to grow in China,” he said.
SPC Global’s dairy division, Nature One, also has a partnership agreement with Hangzhou Beingmate Medical Nutrition Food Co, and the Hong Kong Citic International Trade Co.
Mr Iervasi said the Nature One division had exceeded expectations, having been responsible for a lion’s share of the profit in the last six months of the year.
The company’s JuiceLab products were now selling into Singapore and New Zealand.
The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) profit was recorded on net revenue of $376 million.
The company reported a normalised NPAT (net profit after tax) loss of $12 million.
The 2025 financial year results are ahead of earlier guidance provided to the market.
Last year a merger brought together four businesses, including the Nature One Dairy company and the Original Juice Company operating out of Mill Park, Melbourne.
SPC is closing down the Mill Park operation and transferring it to Shepparton.
Group managing director Robert Iervasi said SPC Global had made great progress in just over six months since the merger of four companies into one.
“We have built a resilient and diversified business, delivered key financial metrics and progressed initiatives against our four strategic focus areas,” he said.
“Our international division, Nature One, has exceeded expectations and we are honoured to see our Australia-made products ranged in a number of international outlets, such as Juice Lab in New Zealand, SPC tomatoes in China and a range of products in Singapore.”
The group also announced the establishment of a new beverage division, known as ‘The Original Beverage Co.’, marking the group’s expansion into premium “better-for-you” beverages beyond juice. The Original Beverage Co. portfolio includes functional juices, fibres, infused fruits and fruit waters under The Original Juice Co. brand.
On the future outlook, Mr Iervasi said the company was well positioned to leverage opportunities for growth, both domestically and internationally.
“We now have the right structure in place with highly experienced leaders and teams throughout Australia and in our international markets,” he said.
“We are already seeing positive impacts from this, including growth in Asian markets, as demonstrated by the growth in our Australian-made products being sold in overseas markets.”
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