Hkfoods Oyj Class A · OMXHEX:HKFOODS
Hkfoods Oyj Class A — H1 2026 Earnings Presentation
25 slides from Hkfoods Oyj Class A's earnings presentation, Aug 5, 2026
Slide 1: Half Year Financial Report January−June 2026
Half Year Financial Report January−June 2026 Juha Ruohola, CEO Mika Tilli, CFO 5 August 2026
Slide 2: Q2 2026: Growth in net sales and EBIT continued
Q2 2026: Growth in net sales and EBIT continued • HKFoods’ net sales growth and positive profit development continued. • Net sales from continuing operations grew by 5.3%. Sales grew across all sales channels. • Comparable EBIT from continuing operations strengthened by 19.3%. • Profit for the perio
Slide 3: Q2 2026: Net sales and EBIT
Q2 2026: Net sales and EBIT Sales grew across all channels Net sales, M€, • In retail, sales increased particularly in Kariniemen® brand’s poultry continuing operations products and meal components as well as in HK® brand’s ready 245.7 258.7 meals. Brands strengthened their market share in poultry p
Slide 4: Quarterly net sales, M€, continuing operations
Quarterly net sales, M€, continuing operations Year 2022: Year 2023: Year 2024: Year 2025: Year 2026: 877.2 M€ 933.0 M€ 1,001.8 M€ 996.4 M€ 501.2 M€ 300 267 270 255 252 259 252 250 250 246 247 243 234 231 229 234 224 218 216 200 185 150 100 50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 5: Net sales breakdown Q2 2026, continuing operations
Net sales breakdown Q2 2026, continuing operations Sales channels Categories 5% 13% 18% 24% (+1) (+1) (+2) 17% 65% (-1) 28% (+1) 30% (-4) Retail Beef and pork Food service Charcuterie, sausages and bacons Industry Poultry Export Meals and meal components Changes in percentage points vs. Q2 2025 in p
Slide 6: Quarterly comparable EBIT from continuing operations, M€
Quarterly comparable EBIT from continuing operations, M€ Year 2022: Year 2023: Year 2024: Year 2025: Year 2026: -7.3 M€ 11.6 M€ 27.7 M€ 34.1 M€ 13.5 M€ 11.6 11.8 11.2 10.3 7.7 6.6 6.5 5.7 4.2 4.4 4.6 3.0 1.4 0.0 -1.5 -1.3 -2.3 -4.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 202
Slide 7: Events in April−June 2026
Events in April−June 2026 7 5.8.2026 Half Year Financial Report 2026
Slide 8: The Commitment2050 award for measures supporting public health
The Commitment2050 award for measures supporting public health The Finnish National Commission on Sustainable Development and the Parliament’s Committee for the Future recognised HKFoods’ nutritional commitment as one of the best sustainability commitments of 2025. HKFoods’ nutritional commitment: 1
Slide 9: Bronze medal in EcoVadis sustainability rating
Bronze medal in EcoVadis sustainability rating • The bronze level places HKFoods among top 35 per cent of assessed companies. • The total score was 71/100 (Advanced level). • Compared to the previous year, improvement was seen in all areas: • Environment • Labour and human rights • Business ethics •
Slide 10: HKFoods joins the Archipelago Sea Partners collaboration
HKFoods joins the Archipelago Sea Partners collaboration • The project led by the John Nurminen Foundation brings together the food industry, retailers, agricultural producers and experts. • The goal is to reduce impacts of agriculture on water bodies in the Archipelago Sea catchment areas. • Approx
Slide 11: The ETEVÄT producer programme running on farms
The ETEVÄT producer programme running on 30 farms • The programme for contract meat producers aims to improve profitability and production results for both producers and HKFoods, as well as to promote the wellbeing of animals and people, and a vital environment. • During the review period, farm-spec
Slide 12: The lost time injury rate (LTIR) developed favourably
The lost time injury rate (LTIR) developed favourably 20.4 19.1 20 15.9 15 11.6 9.7 8.6 10 5 0 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 HKFoods’ Lost Time Injury Rate (LTIR) of work accidents leading to sick leave among own workforce for the previous 12 months per million working hours. The LTIR figure a
Slide 13: Outlook for 2026 unchanged
Outlook for 2026 unchanged HKFoods expects that in 2026 the Group’s comparable EBIT will grow compared to 2025. (Outlook published on 13 February 2026.) 13 5.8.2026 Half Year Financial Report 2026
Slide 14: African swine fever detected in Virolahti, Southeast Finland
Events after the reporting period African swine fever detected Infected zone established by in Virolahti, Southeast Finland the Finnish Food Authority on 30 July 2026 • According to preliminary investigations by the Finnish Food Authority, African swine fever (ASF) has been detected in wild boars fo
Slide 15: Financial review
Financial review 15 5.8.2026 Half Year Financial Report 2026
Slide 16: Key figures, continuing operations
Key figures, continuing operations EUR million 4−6/2026 4−6/2025 1−6/2026 1−6/2025 2025 Net sales 258.7 245.7 501.2 479.4 996.4 EBITDA 14.8 13.3 27.5 25.4 62.5 EBIT 7.2 6.2 12.6 10.8 32.9 - EBIT margin, % 2.8 2.5 2.5 2.3 3.3 Comparable EBIT 7.7 6.5 13.5 11.1 34.1 - EBIT margin, % 3.0 2.6 2.7 2.3 3.4
Slide 17: Key figures
Key figures EUR million 4−6/2026 4−6/2025 1−6/2026 1−6/2025 2025 Cash flow from operating activities, 11.9 21.2 6.0 16.6 51.0 incl. discontinued operations Cash flow after investing activities, 5.8 15.4 -4.1 5.6 36.1 incl. discontinued operations Return on capital employed (ROCE) before taxes, %, in
Slide 18: Interest-bearing net debt and net gearing
Interest-bearing net debt and net gearing 373 362 324 288 208 216 214 150 160 156 159 154 158 142 140% 139% ***123% 121% 94% **98% ** 96% 74% 76% 82% 78% 83% 70% 73% Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Korollinen nettovelka Interest-bearing (milj.(EUR
Slide 19: Debt profile and maturity structure as of 30 June 2026
Debt profile and maturity structure as of 30 June 2026 Maturity of the Group’s interest-bearing debt*, M€ Interest-bearing debt by credit type, M€* 120 1.9 12.8 80 89.4 40 0 2026 2027 2028 2029 >2029 Total interest-bearing debt without IFRS 16: Bonds Bank loans EUR 116.8 million Pension loans ECA lo
Slide 20: Investments, Cash flow and working capital
Investments Cash flow and working capital Group investments, M€, continuing operations Cash flow from operating activities, M€, incl. discontinued operations 12 10.8 24,0 21.2 10 9.8 19,0 16.6 10 19,0 9 14,0 11.9 14,0 8 8 9,0 6.0 3.9 9,0 7 6.5 6.2 6.5 4,0 4,0 6 6 0.1 -1,0 -1,0 5 1.7 -6,0 -6,0 3.7 0.
Slide 21: HK® brand novelties of autumn 2026
HK® brand novelties of autumn 2026 21 5.8.2026 Half Year Financial Report 2026
Slide 22: Kariniemen® novelties of autumn 2026
Kariniemen® novelties of autumn 2026 22 5.8.2026 Half Year Financial Report 2026
Slide 23: Ready and easy meals for everyday food moments
Ready and easy meals for everyday food moments 23 5.8.2026 Half Year Financial Report 2026
Slide 24: Next financial report
Next financial report Interim Report Q3 2026 4 November 2026 24 5.8.2026 Half Year Financial Report 2026
Slide 25: www.hkfoods.com
Ihe mesf valued partner ct food moments HAFOODS www.hkfoods.com