CAESAREA, Israel, May 18, 2026 /PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures thousands of flavor and fragrance extracts, intermediates and specialty fine ingredients and markets and sells them in more than 95 countries around the world, today announced its financial results for the first quarter ended March 31, 2026, demonstrating continued double-digit growth across all key financial metrics and a significant acceleration in its global expansion.
Q1 2026 Financial Highlights
Revenues grew 38.6% to a record $83.6 million, with organic growth of approximately 9%;
Adjusted EBITDA increased 42.4% to $19.4 million, representing 23.2% of revenues;
Net income more than doubled, growing 104.5% to $11.1 million; Non-GAAP net income grew by 48.8% to $11.7 million.
Current revenue run-rate (as of reporting date) of approximately $380 million following the recent acquisitions in the U.S. and France.
Management Comment
Karen Cohen Khazon, Chief Executive Officer of Turpaz Industries, said, "We started 2026 with continued strong growth and record results, reflecting the strength of Turpaz's growth strategy and our execution capabilities. The combination of strong organic growth together with synergistic acquisitions continues to prove itself as a significant growth engine."
"The recent acquisitions we completed in the U.S. and France represent an important strategic step in expanding our global footprint, strengthening our presence in key markets and segments with high growth potential, primarily fine fragrances and North America."
"The Group's financial strength, together with cooperation with leading global banks and financial institutions, combined with the extensive experience of Turpaz's management team and its dedicated employees, enables us to continue working to expand the Group's operations and generate value for shareholders."
Q1 2026 Summary
The execution of Turpaz's growth ...
