Magnum Ice Cream Co. N.v. · EURONEXT:MICC
Magnum Ice Cream — The Magnum Ice Cream Company — FY 2025 Earnings Presentation
34 slides from Magnum Ice Cream's earnings presentation, Feb 12, 2026
Slide 1: Full Year 2025 results
Full Year 2025 results 12 February 2026 1
Slide 2: Cautionary statement
Cautionary statement The information contained in this announcement speaks only as at the date of this announcement, and subject to applicable law or regulation neither The Magnum Ice Cream Company N.V. nor any member of its Group (together, the “Group”) has, or accepts, any responsibility or duty t
Slide 3: Agenda
Agenda A Key Highlights and Strategy B Financial performance FY 2025 C FY 2026 Outlook D Q&A
Slide 4: Peter ter Kulve, Chief Executive Officer
Peter ter Kulve Chief Executive Officer
Slide 5: Solid operational performance delivered in 2025 despite significant FX headwind
Solid operational performance delivered in 2025 despite significant FX headwind FY 2025 revenue of € 7.9bn (FY 2024: € 7.9bn), resulting in +4.2% organic sales growth (OSG), with volume growth +1.5% and price growth +2.6%. Reported sales growth was -0.5% for the year Operating Profit for the full ye
Slide 6: Ice Cream: The Lipstick of Foods
Ice Cream: The Lipstick of Foods 6
Slide 7: The global ice cream market is large, growing and resilient
The global ice cream market is large, growing and resilient with another year of solid growth in 2025 at 3.7% in line with the last 10 years € Billion The global ice cream market has grown 3-4% CAGR 1 consistently over the past 10 years and is expected to continue to grow at ¬3-4% p.a. 90 Covid impa
Slide 8: Focused & integrated strategy providing strong foundation to unlock value
Focused & integrated strategy providing strong foundation to unlock value Mission “Life tastes better with ice cream” As a global ice cream leader, grow the market by crafting extraordinary Vision experiences that turn ordinary moments into lasting memories Strategic pillars Growth Productivity Re-i
Slide 9: As a global leader in ice cream, we grow by expanding the market
As a global leader in ice cream, we grow by expanding the market Grow occasions with Priced competitively International roll- Drive dynamic Availability market-making across all snacking out of premium digital-led expansion across innovations price points brands demand creation channels 9
Slide 10: Strong brands, leading capabilities and market-defining partnerships
Strong brands, leading capabilities and market-defining partnerships Leading Brands with premium Well-balanced scale Omnichannel position, built on world-class with strong local positions and market leader innovation supply-chain FY25 Revenue Top ranked Position EU & ANZ across major retailers¹ €3.2
Slide 11: Growth powered by innovation and strong brands
Growth powered by innovation and strong brands Magnum B&J Cornetto Walls 11
Slide 12: Channel execution and winning where the mix is shifting
Channel execution and winning where the mix if shifting At-Home (Retail) • Mid-single digit growth • Dedicated sales force • US: rebuilding distribution in Value + Club Digital Commerce (dCom) • Double-digit growth in 2025 • China: >20% of sales now digital • Click & Collect accelerating in US + Eur
Slide 13: We are executing a robust €500m productivity program
1 We are executing a robust €500m productivity program Cumulative productivity savings (€m) 1 Supply chain transformation • E2E network cost optimisation • Step change in manufacturing productivity • Procurement efficiency €350 - €380m1 ~€500m €410-€470m 2 Overheads reduction • De-layered front-line
Slide 14: Step-up in capital expenditure focused on driving growth and productivity
Step-up in capital expenditure focused on driving growth and productivity Capex step-up to drive growth and productivity Capex split by type (FY2025) Other / Intangible €11m 3% Step-up in the medium-term Cabinets / CD €104m ~5% 29% 4.5% ~4-5% Supply Chain 4.0% €245m 3.6% 68% Growth Productivity Top
Slide 15: All three regions contributed to the growth in 2025
All three regions contributed to the growth in 2025 America’s Europe & ANZ AMEA 0.8% 0.0% 3.3% 1.2% 10.9% 4.5% OSG OVG OSG OVG OSG OVG €2.8bn +24bps1 €3.2bn +37bps €2.0bn >0bps 25A Revenue Market Share 25A Revenue Market Share 25A Revenue Market Share Source: Company analysis based on NIQ Data (All
Slide 16: Our innovation growth program
Our innovation growth program Core portfolio Perfect portfolio Premium Brands Category expanding superiority (format/flavour/pack/price) go multi-format innovation 16
Slide 17: Core portfolio superiority
Core portfolio superiority Real cream The perfect crack Next level sauses 17
Slide 18: Perfect Portfolio: Revitalizing Kids
Perfect Portfolio: Revitalizing Kids 18
Slide 19: Premium Brands go multi-format: Ben & Jerry's
Premium Brands go multi-format: Ben & Jerry’s The Ben & Jerry’s Ben & Jerry’s grows by leading in super premium indulgence while unlocking new occasions and multi-sensorial experiences through incremental format innovation. Core. Peaces bites Large Format Sandwich Sticks Brownie Sharing Sharing Snac
Slide 20: Category expanding innovation: Wellness "better for you"
Category expanding innovation: Wellness “better for you” Yasso (High Protein) Portion Control (Mini’s and Bites) Hydro Ice (Hydration) FRUUJI (70% Fruit) 20
Slide 21: Outlook 2026
Outlook 2026 The ice cream market is anticipated to grow between 3% to 4% in 2026 TMICC expects organic sales growth for Full Year 2026 to be between 3% to 5% With underlying margin improvement 21
Slide 22: Agenda
Agenda A Key Highlights and Strategy B Financial performance FY 2025 C FY 2026 Outlook D Q&A
Slide 23: Abhijit Bhattacharya, Chief Financial Officer
Abhijit Bhattacharya Chief Financial Officer
Slide 24: Financial performance FY 2025
Financial performance FY 2025 Highlights In €, percentage (unaudited) FY 2025 FY 2024 Revenue (in € billions) 7.9 7.9 Reported revenue growth -0.5% 4.3% Organic Sales Growth 4.2% 2.8% Organic Volume Growth 1.5% 1.1% Organic Price Growth 2.6% 1.7% Remarks • Volume and mix up by 1.5%, despite cautious
Slide 25: Financial performance Europe & ANZ
Financial performance Europe & ANZ Highlights In €, percentage (unaudited) 2025 2024 Revenue (in € billions) 3.2 3.1 Reported revenue growth 2.7% 3.0% Organic Sales Growth 3.3% 2.6% Organic Volume Growth 1.2% 1.7% Organic Price Growth 2.1% 0.9% Adjusted EBITDA margin 13.1% 14.6% Adjusted EBIT margin
Slide 26: Financial performance AMEA
Financial performance AMEA Highlights In €, percentage (unaudited) 2025 2024 Revenue (in € billions) 2.0 2.0 Reported revenue growth 0.5% 5.5% Organic Sales Growth 10.9% 4.7% Organic Volume Growth 4.5% -1.6% Organic Price Growth 6.1% 6.4% Adjusted EBITDA margin 22.9% 23.6% Adjusted EBIT margin 17.2%
Slide 27: Financial performance Americas
Financial performance Americas Highlights In €, percentage (unaudited) 2025 2024 Revenue (in € billions) 2.8 2.9 Reported revenue growth -4.5% 5.0% Organic Sales Growth 0.8% 2.0% Organic Volume Growth 0.0% 2.1% Organic Price Growth 0.8% -0.1% Adjusted EBITDA margin 14.1% 14.7% Adjusted EBIT margin 1
Slide 28: Adjusted EBITDA margin impacted by FX, commodity inflation and D&A
Adjusted EBITDA margin impacted by FX, commodity inflation and D&A 20 -20 -50 -50 -380bps gross Double run costs Non-cash charges commodity and and TSA mark up replaced with cash SC cost inflation TSA Overheads +230bps productivity savings Selective Pricing offsetting inflation 16.9% 15.9% +170bps S
Slide 29: Free Cash Flow impacted by demerger and TSA impact
Free Cash Flow impacted by demerger and TSA impact -105 -38 -31 -27 -238 803 -146 660 602 -180 38 FCF 2024 Interest Cost Lower depr Comparable Capex FX Comparable Acq. & Separation TSA/IOM FCF 2025 due to TSA 2024 2025 disposals cash flows impact costs 29
Slide 30: Agenda
Agenda A Key Highlights and Strategy B Financial performance FY 2025 C FY 2026 Outlook D Q&A
Slide 31: FY 2026 Outlook
FY 2026 Outlook Effective Tax Rate Net Finance Cost Competitive growth Organic Sales Growth FY 2026 ~27% between 3-5% In line with medium-term guidance ~ €180 million Adj EBITDA FY 2026 Perimeter Adjusting Items • 40-60bps on a comparable • India expected to come in perimeter H1 2026 €425 – €450 mil
Slide 32: Wrap up
Wrap up We operate in a market that is large, resilient and has attractive returns We are the largest ice cream company in the world with 160 years of expertise and heritage We have a portfolio that is well positioned for growth with strong brands, channel positions and geographic footprint As a new
Slide 33: Q&A
Q&A Q&A
Slide 34: The Magnum Ice Cream Company
THE MAGNUM ICE CREAM (C9) COMPANY
The Magnum Ice Cream Company — FY 2025 Earnings Presentation on 6ix