SDEROT and RAMAT GAN, Israel, March 26, 2026 /PRNewswire/ -- TopGum Industries Ltd. (TASE: TPGM), the leading company in the nutritional supplements market in gummy form, closes 2025 with record results and full achievement of its stated targets: crossing the $100 million revenue threshold with sharp growth of ~70%; a significant double-digit increase in adjusted EBITDA to ~$15.7 million while maintaining an adjusted EBITDA margin of ~16%; and growth of ~53.7% in operating cash flow to $10.3 million compared to $6.7 million in 2024. These results were achieved in parallel with the launch of the new facility and the completion of the Canada acquisition.
Group revenue grew ~70% to $100.95 million in 2025, compared to $59.3 million in 2024. The Group delivered consistent revenue growth throughout the year, from $17.3 million in Q1 to $31.6 million in Q4. Second-half 2025 revenue reflects an annualized run rate exceeding $120 million. Gross profit increased 58% to $32.4 million, compared to $20.5 million in 2024.
Adjusted EBITDA for 2025 also grew sharply, by ~65% versus 2024, to $15.7 million (~16% of revenue). The improvement in adjusted EBITDA was achieved despite an approximately 7% depreciation in the average USD/ILS exchange rate in 2025, the launch of the new facility in Q4 2025, and tariffs imposed on the Company's products exported to the United States.
During 2025, the Company generated operating cash flow of approximately $10.3 million, compared to approximately $6.7 million in the prior year. This ~54% increase reflects the financial resilience of the Group.
The Primary Growth Engine, Nutrition Supplements ...
