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Welcome to this year’s Top 100 edition. Each year, when we sit-down with IBISWorld to review the list, there is a sense of anticipation about what it will reveal. New entrants, big jumps and the inevitable tumbles, the list has it all. Read more
Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.
Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.
The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Europacific Partners (#3), Asahi (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.
It was a tough year for many with little relief from the pressures weighing on the sector since Covid. Editor Kim Berry provides this snapshot of the year that was.
A blend of salt, red wine vinegar, and water – known as Posca – was the ‘original sports drink’, helping to keep the soldiers of the Roman Empire marching up to 30 kilometres per day. Keira Joyce spoke with Posca Hydrate co-founders, Merrick Watts and Ed Stening, about reviving a 2000-year-old functional beverage for the modern healthy lifestyle.
Australia’s native food industry has received a boost – with Indigenous-owned Cooee Foods Australia acquiring native ingredients suppliers, Creative Native Foods – placing it under First Nations ownership for the first time in its 25 years.
The Tempo Group of Companies has acquired Spring Gully Foods IP and Brands, including Spring Gully, Gardener, Leabrook Farms and Ozemite, after it entered voluntary administration in October.
Fonterra has reported total group profit after tax of $278 million for 1Q26, up $15 million on the same period last year, as the co-op now pushes ahead with its multi-year business reshaping and the divestment of Mainland Group.
As 2025 draws to a close, it is clear the packaging sector has undergone one of its most consequential years in over a decade. Consolidation at the top, restructuring in the middle, and bold innovation at the edges have reshaped the industry’s horizons. At the same time, regulators, brand owners and recyclers have inched closer to a new circular operating model, even as policy clarity remains elusive.
Pact has reported a decline in revenue and earnings for the first five months of FY26, citing subdued market demand, as chair Raphael Geminder pursues settlement of the long-running TIC earn-out dispute.
PKN brings you the top 20 clicks on our website this year, a healthy mix of surprise and no-surprise. Pro-Pac Packaging led the list, Women in Packaging came in at #4, and Zipform's paper bottle at #15.
