Apetit Oyj · OMXHEX:APETIT
Apetit Oyj — FY2025 Earnings Presentation
20 slides from Apetit Oyj's earnings presentation, February 2026
Slide 1: Q4/2025 Financial Statements Release
Q4/2025 Financial Statements Release Esa Mäki, CEO Apetit Plc
Slide 2: January–December 2025: net sales and operating result
January–December 2025: net sales and operating result • Net sales were EUR 167.6 (162.6) million. NET SALES, M EUR OPERATING PROFIT, M EUR • Operating result was EUR 13.7 (9.3) 1-12 2024 1-12 2025 million. 1-12 2024 1-12 2025 • EBITDA was EUR 21.0 (16.0) million. • The operating result excluding the
Slide 3: October–December 2025: net sales and operating result
October–December 2025: net sales and operating result LIIKEVAIHTO, M EUR LIIKETULOS, M EUR • Net sales were EUR 43.2 (42.9) million. • Operating result was EUR 9.0 (2.4) 10-12 2024 10-12 2025 10-12 2024 10-12 2025 million. • EBITDA was EUR 10.9 (4.2) million. 9,0 • Operating result without the impac
Slide 4: The impact of Foodhills acquisition to the operating result, January-December
The impact of Foodhills acquisition to the operating result, January-December Apetit Group’s operating result, change 2024-2025 16 14 8,3 13,7 12 10 9,3 8 6 -2 0,1 5,9 -1,1 -0,5 -0,5 4 2 0 * Operating result without the non-recurring impact of an acquisition 4
Slide 5: Strong financial position
Strong financial position EUR million 31.12.2025 31.12.2024 Working capital, end of period 43.0 34.5 Net cash flow from operating activities 13.3 3.2 Equity 111.6 107.6 Net interest-bearing liabilities 15.7 3.3 Equity ratio, % 74.8 79.8 Net gearing, % 14.0 3.1 Earnings per share, EUR 1.44 1.37 ROCE-
Slide 6: Food Solutions January-December 2025
Food Solutions January-December 2025 Operating profit clearly improved from the comparison period due to impact of the acquisition NET SALES, M EUR 1-12 2024 1-12 2025 • The net sales in January-December were EUR 77.7 (75.8) million. Operating result was EUR 77,7 75,8 14.3 (8.1) million. • Operating
Slide 7: Moderate harvest season for the field vegetables
Moderate harvest season for the field vegetables • Frozen peas had a challenging harvest season • The hottest period in measurement history and the subsequent regional heavy rainfall taxed crops • The number of field sections skipped in harvesting was higher than usual • The harvest season for root
Slide 8: Operating environment
Operating environment • The value of the retail sales of groceries grew in the reporting year. Grocery sales increased by 2.5 per cent in January–December 2025. During the same period, grocery prices rose by 2.3 per cent*. • Wholesale food service sales decreased by 0.4 per cent* in January–December
Slide 9: Oilseed Products January-December 2025
Oilseed Products January-December 2025 Operating profit declined NET SALES, M EUR year-on-year 1-12 2024 1-12 2025 90,4 87,4 • The net sales in January-December were EUR 90.4 (87.4) million. Operating result was EUR 2.2 (4.2) million. • The operating result of Oilseed Products was weakened by a decl
Slide 10: Finland's total oilseed harvest is growing
Finland's total oilseed harvest is growing • According to the Natural Resources Institute Finland’s preliminary statistics, the total cultivation area of rapeseed in this growing season is 56,600 hectares, • Share of Brassica rapa being 45,000 hectares and that of Brassica napus 11,000 hectares. • A
Slide 11: Strategy period 2023–2025: Key measures
Strategy period 2023–2025: Key measures 11
Slide 12: Key measures in Strategy period 2023–2025
Key measures in Strategy period 2023–2025 Diverse plant-based More domestic plant Stronger together Sustainable value chain food products proteins • Research at the Räpi • Acquisition of Foodhills: strong • Investment in Kantvik • Meeting emission reduction experimental farm: variety platform to Swe
Slide 13: To the new strategy period: A Season of Growth 2026-2028
To the new strategy period: A Season of Growth 2026-2028 13
Slide 14: Strategy for 2026-2028
STRATEGY FOR 2026-2028 MISSION A SEASON OF GROWTH Vision Plant-based growth. Good food for everyone. Locally. \ Pioneer and market leader. Profitability through One / Sustainable Responsible plant-based solutions Apetit . A growth value chain lq q i } A 2 uaers- GRONSAKSMIX RESPONSIBLE OPERATIONS SU
Slide 15: Season of Growth 2026-2028: Strategic focus areas
Season of Growth 2026-2028: Strategic focus areas ONE SUSTAINABLE PROFITABILITY RESPONSIBLE APETIT GROWTH THROUGH PLANT-BASED VALUE CHAIN SOLUTIONS The grower’s trusted Strong growth in Sweden Ensuring profitability Climate and nature partner Commercial breakthrough Competitive advantage People in t
Slide 16: A Season of Growth
A Season of Growth • With the measures taken early in the strategy period, we are seeking a positive impact on result already late in the strategy period. • The measures and investments carried out in previous strategy period: • ERP renewal • Acquisition of Foodhillsin • Investment in Kantvik and to
Slide 17: Financial targets
Financial targets VISION: Plant-based growth. Pioneer and market leader. Objective for the strategy period: > EUR 10.0 m > 7.0 % EBIT ROCE 2025: EBIT: EUR 13.7 million ROCE: 11.7 % Without the impact of acquistion of Foodhills: EBIT: EUR 5.9 million ROCE: 5.1 % 17
Slide 18: Profit guidance and dividend proposal
Profit guidance and dividend proposal 18
Slide 19: Profit guidance for 2026 and dividend proposal
Profit guidance for 2026 and dividend proposal • The Group’s operating result is expected to decline from the comparison year (in 2025: EUR 5.9 million, excluding the non- recurring impact of the Foodhills acquisition). • The takeover of the Foodhills business will generate costs, and its impact on
Slide 20: Good food for everyone. Locally.
Apetit – Season of Growth 2026–2028 Investor event 17 February 2026 at 1.p.m Sanomatalo, Tapahtumastudio Eliel More information: Good food for everyone. Locally. apetit.fi/sijoittajille