Growth included 13.3% organic expansion alongside contributions from acquisitions completed during the year.Turpaz
Adjusted EBITDA rose 47.8% to $63.5 million, while operating profit increased 56.6% to $43.4 million. Net income reached $22.7 million, up 42.4% year over year, and non-GAAP net income totaled $36.4 million, a 56.0% increase. Gross profit for the year reached $110 million, representing 40% of revenue. Cash flow from operating activities nearly doubled to $40.7 million.
The company completed six acquisitions in 2025, adding businesses in England, Belgium, Poland, India, France and South Africa. Turpaz
The company completed six acquisitions in 2025, adding businesses in England, Belgium, Poland, India, France and South Africa. These transactions expanded the company’s global footprint and strengthened its capabilities across development, manufacturing and marketing. Since 2017, Turpaz has completed 26 acquisitions worldwide as part of its growth strategy combining organic expansion with strategic M&A.
All of the company’s business segments recorded growth during the year. The taste segment generated $194.7 million in revenue, up 43.6%. The fragrance segment grew 41.5% to $49.4 million, while the specialty fine ingredients segment increased 68.1% to $31.0 million.
In the fourth quarter of 2025, revenue rose 35.8% year over year to $74.7 million. Adjusted EBITDA increased 31.2% to $16.6 million, operating profit grew 19.6% to $10.5 million and net income rose 32.7% to $6.0 million.
As of early 2026, the company said its operations reflect an annual revenue run rate exceeding $300 million, underscoring the expansion of its global business. At year-end, Turpaz reported $143 million in cash and a net debt coverage ratio of 0.5, positioning the company to continue pursuing acquisitions and growth in global flavors, fragrances and specialty ingredients markets.
