Tooru stock falls despite half-year earnings rising

Tooru PLC on Thursday reported increased revenue and earnings for the first half of 2026.

However, its shares were down 10% at 0.18 pence on Thursday afternoon in London.

The health and wellness sector-focused company said net revenue multiplied to £5.2 million in the six months to June 30 from £1.0 million a year prior. The pretax loss narrowed to £430,000 from £1.1 million.

Tooru, whose brands include Juvela, Pulsin, and Purely, said its operating businesses delivered £1.1 million in earnings before interest, tax, depreciation and amortisation during the half-year, up from £783,000 the year before. This was despite their total net sales falling to £5.2 million from £6.2 million.

Plant Based Nutrition Ebitda, combining Pulsin and We Love Purely, surged to £154,000 from £44,000 "due to the significant cost savings achieved following the change to outsourced production."

Juvela, or the Bakery segment, saw Ebitda increase to £809,000 from £750,000.

Market Rocket, which Tooru last week agreed to sell to its management team, booked a £99,000 Ebitda profit against the prior year's £11,000 loss.

Tooru's overall Ebitda, calculated before deducting the costs incurred in connection with the reverse takeover process in May, 2025, surged to £564,000 from £32,000.

"This period represents the first reported accounting period which includes a full contribution from the businesses acquired from S-Ventures PLC last year," noted Non-Executive Chair Nicholas Lee. He added that "in essence, Juvela and OAF have continued to perform strongly, particularly with OAF increasing its listings in Tesco and Asda.

"Despite a difficult start to the year, Pulsin has turned a corner, re-building its sales and reducing operating costs."

Lee further stated that the sale of Market Rocket "will help us to focus on the building of exciting brands in the wellness sector," adding: "We are optimistic that this progress will continue into the second half of 2026."

Chief Executive Officer Scott Livingston concurred, saying: "Overall, we are happy with the results achieved in the first half...We remain focused on executing our strategy, building on the momentum established to date and delivering further growth during the remainder of the year.

"This also included looking in detail at a significant acquisition, albeit after further work we decided not to proceed with it."

He concluded: "We look forward to the second half with confidence."

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