Logista Integral, S.A. · BME:LOG
Logista Integral — FY2026 Earnings Presentation
39 slides from Logista Integral's earnings presentation, Nov 6, 2026
Slide 1: Results Presentation FY2026
Results Presentation FY2026 1 October 2025 - 30 September 2026 November 6th, 2026
Slide 2: Disclaimer
Disclaimer > This document has been prepared by Logista Integral, S. A. (“Logista” or “the Company”) for information purposes, and does not constitute an offer of purchase, sale or exchange, nor an invitation for an offer of purchase, sale or exchange of shares of the Company, nor any advice or reco
Slide 3: Agenda
Agenda FY2026 Results Presentation 01 Key Highlights FY2026 02 Business Overview Results Presentation 03 Main Financials From performance highlights to FY2027 guidance 04 Closing Remarks & Outlook 1 October 2025 – 30 September 2026 05 Q&A 06 Appendix 3
Slide 4: Key Highlights
01 Key Highlights
Slide 5: Key Highlights: FY2026 performance at a glance
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Key Highlights FY2026 performance at a glance GUIDANCE DELIVERED FY2026 01 Underlying adjusted EBIT growth delivered in line with FY2026 guidance, excluding profit on inventory, supported by the good performance of Iberia
Slide 6: Financial Performance
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Financial Performance Key Group metrics and regional contribution REVENUES ECONOMIC SALES ADJUSTED EBIT NET PROFIT €13,837M €1,840M €391M €282M +2.2% +1.7% +3.3% +0.3% Includes €36M profit on inventory Economic Sales by re
Slide 7: Resilient performance in a complex macroeconomic environment
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Resilient performance in a complex macroeconomic environment Despite macroeconomic and geopolitical uncertainty, Logista delivered resilient performance throughout the year. A defensive business mix, combined with effectiv
Slide 8: Solid shareholder remuneration
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Solid shareholder remuneration Proposed FY2026 dividend of €2.17 per share, 3.8% above the previous two years KEY TAKEAWAY GROSS DIVIDEND PER SHARE 2 TOTAL DISTRIBUTION 2 €2.17 €288M The proposed FY2026 dividend of €2.17 p
Slide 9: Over a decade of consistent shareholder remuneration
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Over a decade of consistent shareholder remuneration Annual dividends allocated to each financial year +3.8% yoy Annual dividend distribution1 (€M) 288 SINCE THE IPO 277 277 €2.25bn+ 246 distributed to shareholders 183 165
Slide 10: Key Highlights – FY2026 Sustainability plan update
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Key Highlights – FY2026 Sustainability plan update Progress delivered across environmental, social and governance priorities ENVIRONMENTAL SOCIAL GOVERNANCE Data protection awareness 90% kilometres travelled with a sustain
Slide 11: Business Overview
02 Business Overview
Slide 12: Iberia
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Iberia Transport lifts margins for Iberia despite lower inventory gains in tobacco business Business performance at a glance ECONOMIC SALES 3 ADJUSTED EBIT 3 Key drivers and developments during FY2026 €1,183M +1.1% €202M +
Slide 13: Italy
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Italy Commercial momentum and new categories supported continued growth Business performance at a glance ECONOMIC SALES ADJUSTED EBIT Key drivers and developments during FY2026 €457M +5.3% €141M +5.1% Tobacco Distribution
Slide 14: France
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix France Ongoing cost management helped partially mitigate the impact of declining tobacco volumes Business performance at a glance ECONOMIC SALES 3 ADJUSTED EBIT 3 Key drivers and developments during FY2026 €207M (2.1%) €48
Slide 15: Main Financials
03 Main Financials
Slide 16: Adjusted EBIT Bridge (€M, yoy%)
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Adjusted EBIT Bridge (€M, yoy%) Operating performance supported by resilient core activities Drivers for EBIT variances ECONOMIC SALES +€31M (€6M) (€5M) (€7M) €391M €378M • Positive underlying performance in main activitie
Slide 17: Net Profit Bridge (€M, yoy%)
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Net Profit Bridge (€M, yoy%) Slightly lower operating profit offset by resilient financial income Drivers for Net Profit variances OPERATING PROFIT • Operating Profit evolution mainly reflected the year-on-year change in p
Slide 18: Financial Income and treasury dynamics
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Financial Income and treasury dynamics Higher average balances more than offset the impact of lower interest rates AVERAGE CASH BALANCE AVERAGE REMUNERATION RATE FINANCIAL INCOME CONTRACTUAL SPREAD €2,294M 3.26% €81M +0.75
Slide 19: Normalized FCF Bridge (€M)
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Normalized FCF Bridge (€M) +€78M (€121M) Drivers of Free Cash Flow €505M EBITDA (€57M) • EBITDA 2% above the previous year, due to the favourable business performance (€78M) FINANCIAL RESULTS 1 €328M • €81M financial incom
Slide 20: Stock Performance
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Stock Performance Shareholder returns supported by dividends and a resilient share price 2026 TSR¹ Indexed performance: Logista vs. IBEX 35 and IBEX Top Dividend 135 27% 130 125 120 115 SHARE PRICE APPRECIATION² 110 105 20
Slide 21: Closing Remarks & Outlook
04 Closing Remarks & Outlook
Slide 22: Closing Remarks
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Closing Remarks Four reasons to remain confident in Logista’s long-term equity story 01 02 Resilient operating performance Defensive business model Core activities in Iberia and Italy performed positively, before inventory
Slide 23: FY2027 Outlook
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix FY2027 Outlook Clear priorities for profitable growth, diversification and shareholder returns 01 02 03 PROFITABLE GROWTH CAPITAL ALLOCATION SHAREHOLDER RETURNS Mid-single-digit Selective bolt-on M&A At least €2.17/share A
Slide 24: Q&A
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Slide 25: Q&A Session
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Q&A Session Your partner along the way, all the way 25
Slide 26: Appendix
06 Appendix
Slide 27: Revenues evolution
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Revenues evolution By segment and activity1 €M FY2026 FY2025 Δ% Iberia 5,387 5,162 4.4% Tobacco and related products 4,400 4,194 4.9% Transport 910 900 1.1% Pharmaceutical distribution 330 306 7.7% Other businesses 10 18 (
Slide 28: Economic Sales evolution
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Economic Sales evolution By segment and activity1 €M FY2026 FY2025 Δ% Iberia 1,183 1,170 1.1% Tobacco and related products 406 409 (0.8)% Transport 762 732 4.2% Pharmaceutical distribution 128 112 14.6% Other businesses 10
Slide 29: Adjusted EBIT evolution
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Adjusted EBIT1 evolution By geographical area €M FY2026 FY2025 Δ% Iberia 202 190 6.3% Italy 141 134 5.1% France 48 54 (11.5)% Total Adjusted EBIT 391 378 3.3% Notes: 1. Due to an organizational change Poland is now recorde
Slide 30: Profit & Loss Account
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Profit & Loss Account FY2026 compared with FY2025 €M FY2026 FY2025 Δ% Revenues 13,837 13,536 2.2% Economic sales¹ 1,840 1,809 1.7% (-) Operating cost of logistics networks¹ (1,263) (1,256) (0.5)% (-) Commercial operating e
Slide 31: Cash Flow Statement
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Cash Flow Statement FY2026 compared with FY2025 €M FY2026 FY2025 Variation1 EBITDA 505 495 11 Restructuring and other non-recurring cash flows 1 (7) 8 Net financial income/(expense) 78 72 7 Normalized taxes (122) (114) (8)
Slide 32: Balance Sheet
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Balance Sheet September 2026 compared with September 2025 €M Sept. 2026 Sept. 2025 Property, plant and equipment and other fixed assets 521 485 Net long-term financial investments 17 34 Net goodwill 1,012 1,012 Other intan
Slide 33: Alternative Performance Measures: PPA amortisation profile
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Purchase Price Allocation amortisation profile Purchase Price Allocation Amortisation of intangible assets linked to the acquisitions of the French business, Speedlink, Carbó Collbatallé, T
Slide 34: Alternative Performance Measures: Economic Sales
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Economic Sales definition and reconciliation Equivalent to Gross Profit and calculated by subtracting Procurements from Revenues. Economic Sales Management considers it a meaningful measure
Slide 35: Alternative Performance Measures: Adjusted EBIT
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Adjusted EBIT definition and reconciliation This indicator is calculated, basically, by deducting from the Operating Profit those costs that are not directly related to the revenue obtained
Slide 36: Alternative Performance Measures: Adjusted EBIT margin
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Adjusted EBIT Calculated as Adjusted EBIT divided by Economic Sales. It is the main indicator used by margin over Management to analyse profitability from the Group’s typical activity. Econ
Slide 37: Alternative Performance Measures: Operating costs
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Operating costs definition and reconciliation These include the costs of logistics networks, commercial expenses, research expenses and head office expenses that are directly related to the
Slide 38: Alternative Performance Measures: recurring and non-recurring items
Key Highlights Business Overview Main Financials Closing Remarks Q&A Appendix Alternative Performance Measures Definitions of recurring and non-recurring items This term refers to those expenses which, although they might occur in more than one period, do not have continuity in time (unlike operatin
Slide 39: Your partner along the way, all the way
Your partner along the way, all the way