TFF Group makes the oak barrels and vats used to age wine, bourbon, and whisky, plus forestry and wood products for oenology.
Revenue came from barrel and vat sales, with gross margin around 57% in fiscal 2025, but net margin was only 7% due to high costs.
Barrel-making requires centuries of craft and trusted relationships with distilleries like Pernod Ricard and Diageo, but demand is cyclical and tied to spirits sales.

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The post highlights preliminary results for TFF Group, noting that alcohol-related stocks are generally underperforming.
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