Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — FY2025 Earnings Presentation
14 slides from Ebro Foods Sa's earnings presentation, Feb 25, 2026
Slide 1: Filing to the National Securities Market Commission
TO THE NATIONAL SECURITIES MARKET COMMISSION Madrid, 25 February 2026 Ref.: presentation announced this morning, relating to the results of Ebro Foods Group for 2025. In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. hereby publishes as OTHER RELEVANT INFORMATION the present
Slide 2: 2025 Results
Ebro 2025 RESULTS ARROZ f INTEGRAL te
Slide 3: Contents
CONTENTS 1. INTRODUCTION 2. BUSINESS UNIT RESULTS 2025 2.1 Rice 2.2 Pasta 3. CONSOLIDATED GROUP RESULTS 2025 3.1 P&L 3.2 Debt Performance 4. CONCLUSION 5. CORPORATE CALENDAR 2025 6. CALCULATION OF ALTERNATIVE PERFORMANCE MEASURES 7. LEGAL DISCLAIMER
Slide 4: 1. Introduction
. 1. Introduction In 2025, we operated in a clearly bearish raw materials market, with long-grain rice prices reaching record lows in both Europe and the United States. This scenario supported short-term margin expansion, although it also placed pressure on inventory values and future industrial mar
Slide 5: 2.1.1 Rice 2025
2.1.1 Rice 2025 Spain delivered stable volumes and margins, with an excellent performance from the Brillante brand, particularly in RTS and microwaveable products. The industrial business continued to grow, driven by sales to third-party groups and by the supply of RTS to Riviana, following capacity
Slide 6: 2.1.2 Rice 2025
2.1.2 Rice 2025 The sales figure for the Division fell to EUR2,326.0 million, with a negative foreign exchange impact of EUR45.6 million. We continue to invest in advertising to support new product launches across all our brands. EBITDA-A grew 3.5% to EUR337.5 million; growing 4.2% in terms of CAGR
Slide 7: 2.2.1 Pasta 2025
. 2.2.1 Pasta 2025 In 2025, the Pasta Division was significantly impacted by the USD exchange rate, which had a material impact on reported results. On a constant currency basis, business performance would have been considerably more stable. In the United States, the increase in tariffs on dry pasta
Slide 8: 2.2.2 Pasta 2025
2.2.2 Pasta 2025 Revenue fell 0.2% to EUR690.3 million, with a negative foreign exchange impact of EUR3.9 million. Excluding this effect, revenue would have grown by 0.3%. Advertising remains stable at EUR34.8 million, reflecting continued support for new product launches. The Division's Ebitda-A fe
Slide 9: 3.1 P&L 2025
3.1 P&L 2025 The consolidated sales figure fell by 4.0% to EUR3,013.6 million, with a foreign exchange rate impact of EUR49.4 million. Ebitda-A grew by 1.8% to EUR420.6 million. The EBITDA-A margin grew to 14.0%, with significant improvements in the rice division. Currency had a negative impact of E
Slide 10: 3.2 Debt Performance
3.2 Debt Performance We ended 2025 with Net Debt standing at EUR529.4 million, EUR63.8 million lower than in December 2024. Regarding this debt, we should note that: (i) the put options that we have with minority shareholders of certain businesses amount to EUR299 million, and (ii) debt recognised u
Slide 11: 4. Conclusion
4. Conclusion In 2025, we operated in a clearly bearish market for our key raw materials, with record low prices generating significant pressure on shelf prices. Despite this backdrop, Ebro has once again delivered strong year-end results. We are successfully navigating the significant impact of tar
Slide 12: 5. Corporate Calendar
5. Corporate Calendar As part of Ebro’s commitment to complete transparency, below we provide our Corporate Calendar for 2026: 25 February Presentation of YE 2025 Results 1 April Four-month payment of ordinary dividend (EUR0.23/share) 29 April Presentation of Q1 2026 results 30 June Four-mon
Slide 13: 6. Calculation of Alternative Performance Measures
6. Calculation of Alternative Performance Measures According to the guidelines set by the European Securities and Markets Authority (ESMA), the following is a list of the indicators used in this report. These indicators are currently and consistently used by the Group to describe its business perfor
Slide 14: 7. Legal Disclaimer
7. Legal Disclaimer This presentation contains our true understanding to date of estimates on the future growth in the different business lines and the global business, market share, financial results and other aspects of business activity and the positioning of the Company. All the data included in