JDE Peet's (JDEP) investor relations material

Executive summary

• Organic sales grew 15.3% year-over-year, driven by 19.5% price increases and a -4.3% volume/mix effect; reported sales rose 12.3% to €9,921 million.

• Organic adjusted EBIT increased 1.2% to €1,295 million, despite €1.6 billion in cost inflation.

• Underlying EPS was €2.46, up 64% year-over-year, but only up 1.7% to €1.84 excluding a €301 million fair value gain on equity derivatives; reported EPS was €1.64.

• Free cash flow reached €1,130 million; net leverage improved to 2.3x.

• Strategic progress included the launch of the 'Reignite the Amazing' brand-led strategy and significant cost-saving and productivity initiatives.

Financial highlights

• Adjusted EBITDA was €1,592 million, up 0.3% year-over-year.

• Operating profit declined 28.7% to €757 million due to higher adjusting items.

• Underlying profit rose 64.1% to €1,196 million, mainly due to non-cash, tax-exempt fair value gains.

• Net debt decreased by €611 million to €3.7 billion.

• Total liquidity stood at €3.3 billion, including €1.8 billion in cash and €1.5 billion undrawn RCF.

Outlook and guidance

• Entering 2026 with strong momentum and strategic priorities, anticipating a new era of growth and innovation, especially with the expected closing of the KDP acquisition in early Q2 2026.