Nutritional Growth Solutions reports half-year profit and strategic acquisition

Nutritional Growth Solutions Ltd (ASX: NGS) has reported a net profit after tax of US$120,000 for the half-year ending 30 June 2026. This represents a turnaround from a US$1.178 million loss during the same period last year, despite a revenue decline of 18.57% to US$706,000.

The company attributed the improved financial position to cost discipline and working capital optimization. Key operational milestones include resolving stock availability issues, launching an upgraded e-commerce platform, and achieving a debt-free balance sheet by repaying all legacy financing facilities.

Strategically, the company is set to acquire 100% of Sprout Organic Pty Ltd for approximately A$8 million through a share issue. Shareholders approved this acquisition in August 2026, with completion expected around 1 September 2026. To support these moves, NGS secured an A$2.5 million placement to fund working capital, inventory, and integration costs.