On November 12, 2025, Turpaz Industries published its financial results for the third quarter of 2025. According to the report, the company’s sales increased 57.4% in the third quarter and 49% since the beginning of the year. The group’s annual sales run rate now exceeds $300 million.
“We are pleased to report another quarter of strong double-digit growth, with record results across all parameters,” said chief executive officer Karen Cohen Khazon. We continue to expand our global operations, deepen collaborations with customers worldwide and strengthen our position as a key player in flavors, fragrances and specialty fine ingredients. Turpaz’s solid financial structure and strong operating cash flow enable us to continue pursuing our accelerated and profitable growth strategy.”
Turpaz has completed six acquisitions since the beginning of 2025 in the United Kingdom, Belgium, Poland, France, India and South Africa. The company’s taste segment revenues rose by 46.9% in the third quarter, and the fragrance segment rose by 70.7%. Both segments’ increases were driven by a combination of organic growth and acquisitions.
The company’s gross profit increased by 59% in the third quarter, reaching $31.7 million, compared with $19.9 million in the same quarter last year. Further, Turpaz’s net profit increased by 29.6% to $6 million. When looking at the year to date, the group’s sales totaled $200.5 million, representing an increase of 49% compared to the same period last year.
“Our growth strategy, which combines mergers and acquisitions alongside organic expansion, continues to prove itself time and again,” Khazon added. “The synergies, innovation and global presence enable us to continue expanding, improving profitability and strengthening our position as a leading international company.”
