At the same time, the company reported earnings before interest, taxes, depreciation and amortisation of $13 million on the back of sales of $171 million, but an improved gross revenue of $200 million.
Former chairman Hussein Rifai resigned from the board in November last year.
He was replaced by new chairman Andrew Reitzer, a former Metcash chief executive.
The company reported a loss of $39 million in the previous comparable period.
SPC has calculated that the transfer of processing facilities from Mill Park, Melbourne will result in annualised savings of $8 million, rather than the forecast $4 million to $5 million.
Managing director Robert Iervasi noted that the completion of the half year marked the end of the first 12 months as a combined entity, bringing together the Original Beverage Company, Nature One dairy and Natural Ingredients, with a stronger and more diversified business.
“The foundations we have been establishing are already delivering tangible benefits,” he said.
“Our growth across brands, channels and markets proves that the merger is unlocking synergies and accelerating our ability to grow domestically, and internationally.”
He said the company was continuing to work to get the fundamentals right and was proceeding with growth ambitions.
Mr Iervasi said the company had agreements in place that would see more Australian products in more stores and in more countries.
SPC Global reported to the ASX:
“In the light of the posted loss, the directors addressed the issue of the company as a going concern and noted: Based on the assessment of the directors and the measures taken to address the financial loss incurred in the period under review, the group remains well positioned to continue its operations for the foreseeable future.”
SPC Global was listed on the ASX in December, 2024.
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