Q1 2026 Revenues Grew by 85% to $31.9 Million and Adjusted EBITDA Surged by 112%
- Revenues surged by 85% to $31.9 million compared to the same quarter last year – a ninth consecutive record quarter compared to the corresponding quarter
- Dietary supplements segment revenues, which now account for about 81% of total Group revenues, grew to $25.8 million, a triple-digit increase of approximately 162%
- Order backlog for the next 4-5 months in the dietary supplements sector reached a record high of approximately $52 million
- Despite the challenges during the quarter, Adjusted EBITDA surged by 112% to $5.3 million, representing 17% of revenues (compared to approximately 15% in the corresponding quarter)
- At the beginning of the month, the Company completed the acquisition of the gummy manufacturing operations in the US from P&L Developments, providing it with a physical foothold in the Company’s primary target market and entry into the pharma sector
- The Company estimates that the strategic steps it has taken in recent years may support, in the coming years, annual revenues of over $250 million in the dietary supplements segment alone, alongside Adjusted EBITDA of over 20%
SDEROT and RAMAT GAN, Israel, May 26, 2026 /PRNewswire/ — TopGum Industries Ltd. (TASE: TPGM), the leading company in the gummy-format dietary supplements market, published its financial results for the first quarter of 2026 and reports another record quarter. The Group’s revenues amounted to approximately $31.9 million – an all-time high – representing an increase of about 85% compared to the first quarter of 2025, driven by a triple-digit surge of 162% in the dietary supplements segment. These results were achieved despite the war with Iran and the tension that preceded it during most of the reporting period, the fact that the Company is in the process of transferring its manufacturing operations in Israel to its new facility, a sharp weakening of the US Dollar exchange rate against the Israeli Shekel (NIS), and the tariffs imposed on Israeli products exported to the US. The Company estimates that it will continue its growth trend in its global operations, alongside maintaining a high level of profitability.
