Acomo (ACOMO) H2 2025 earnings summary

Executive summary

• Achieved record sales, adjusted EBITDA, and EPS in 2025, with Spices & Nuts, Organic Ingredients, and Food Solutions delivering standout performances, while Edible Seeds and Tea faced challenges.

• Demonstrated resilience amid volatile commodity prices, tariffs, and geopolitical developments.

• Strategic focus on scale, M&A, and operational improvements, including the acquisition and integration of Manuzzi in Southern Europe.

• Continued execution of midterm strategy and ESG initiatives, including a 53% reduction in Scope 1 & 2 CO2 emissions and sustainable sourcing.

• Maintained strong balance sheet and proposed record dividend of €1.40 per share, up 12% from 2024.

Financial highlights

• Sales increased 7.4% to €1,463.6 million; gross profit up 21% to €238.7 million, with gross margin improving by 1.8 percentage points to 16.3%.

• Adjusted EBITDA grew by 8.7% to €118.2 million; margin stable at 8.1%.

• Net profit rose 64% year-over-year to €74.2 million, aided by lower financing costs.

• Adjusted EPS reached €2.18, up 8.8% year-over-year.

• Proposed full-year dividend of €1.40 per share, with a payout ratio of 65%.

Outlook and guidance

• Expect more balanced H1/H2 performance in 2026 as cocoa prices normalize and Edible Seeds recovers.

• Committed to midterm ambitions for sales, EBITDA margin, and leverage as outlined at Capital Markets Day.

• Working capital and leverage expected to decrease in 2026 as inventory values fall.

• Positive trends in plant-based diets and sustainability expected to continue.