Slide 1: Investor call FY 2025
Investor call FY 2025 5 March 2026
Slide 2: Important notice
Important notice This confidential presentation (the "Presentation") has been prepared and is issued by and is the sole responsibility of ACOMO N.V. and includes the slides that follow, the oral presentation of the slides, any question-and-answer session that follows the oral presentation, hard copi
Slide 3: Agenda
Agenda Topic Speaker Strategic update Allard Goldschmeding - CEO Highlights FY 2025 Performance versus the mid term strategy Spotlights Financial Review Financial performance Mirjam van Thiel - CFO Financial performance per Segment Development cash flow and ratios Outlook Looking ahead Allard Goldsc
Slide 4: Highlights FY 2025
Highlights FY 2025 2025 was a record year in terms of Sales, EBITDA and EPS • Record performance in three out of the five segments - Spices & Nuts continued impressive growth trajectory - Organic Ingredients record performance supported by cocoa results - Food Solutions increased profits, while new
Slide 5: Key financials FY 2025: on track with CMD targets
Key financials FY 2025: on track with CMD targets Adjusted EBITDA Extract from 2025 CMD Sales (€ million) (€ million) +7% +9% 1.363 1.464 109 118 8.0% 8.1% 2024 2025 2024 2025 Leverage ratio Dividend (€/share) (Net debt/EBITDA) FY 2025 2.6x 2.3x +12% 1,25 1,40 On track to meet CMD targets 2024 2025
Slide 6: Adjusted EBITDA at record high
Adjusted EBITDA at record high Diversification of the business model and pricing tailwinds as substantial growth drivers Recent performance partially reflecting exceptional Adjusted EBITDA Evolution (€ million) pricing levels 118 • Since 2023 there has been substantial price volatility in some 108 1
Slide 7: Strategic Vision, Value creation tree, Market dynamics
Strategic Vision Value creation tree Market dynamics Food trends Be the leading partner in Rising demand plant-based for healthier yet tasty foods food ingredients in Food availability People & planet conventional and organic specialty Increased markets importance Production within planetary of food
Slide 8: Spotlight – Manuzzi
Spotlight – Manuzzi Acomo moves into the Mediterranean with acquisition of Manuzzi • Leading Italian family nuts and dried fruits business • Group expansion into Southern Europe • Combined trading and value-added service ensures we reach a broad customer base • Increased synergies with Delinuts NL a
Slide 9: Spotlight – Tradin Organic
Spotlight – Tradin Organic Tradin Organic advances a nature-positive future • Tradin Organic joins the Nature Positive initiative, a global movement to reverse decline in biodiversity • The Nature Positive Plan supports farmers in adopting regenerative and resilient practices • Their efforts to impr
Slide 10: Spotlight – Royal Van Rees Group
Spotlight – Royal Van Rees Group Strategic Business Model Transformation • Transition to a centralized business model, consolidating commercial, trading, and strategic functions within a Central Hub • Enhance customer focus, operational efficiency, and support scalable growth • Strategic benefits of
Slide 11: Sustainability
Sustainability Performance – Initiatives • Limited Assurance on sustainability statements successfully obtained (ESRS standards & EU Taxonomy) • Scope 1 & 2 (CO2) emission reduction of -53% versus the baseline year of 2022 • Delinuts SBTi project progressing • Solar panels installed at King Nuts and
Slide 12: Agenda
Agenda Topic Speaker Strategic update Allard Goldschmeding - CEO Highlights FY 2025 Performance versus the mid term strategy Spotlights Financial Review Financial performance Mirjam van Thiel - CFO Financial performance per Segment Development cash flow and ratios Outlook Looking ahead Allard Goldsc
Slide 13: 2025 FY key financials
2025 FY key financials Strong year-on-year growth in both sales and profitability 7% Sales 2% per segment 37% (€ millions) FY 2025 FY 2024 Change Sales 1,463.6 1,362.8 +7.4% 39% Cost of Goods Sold (1,224.9) (1,165.6) +5.1% 15% Gross Profit 238.7 197.3 +21.0% % of sales 16.3% 14.5% +1.8%-ppd 2 Genera
Slide 14: Reported to Adjusted
Reported to Adjusted Adjusted numbers lower than reported mainly driven by unrealized CX and FX gains ( € millions) FY 2025 FY 2024 Variance • Unrealized CX / FX: - 2024 Reported EBITDA included an unrealized loss Reported EBITDA 134.9 97.5 38.4% that was added back to Adjusted Adjustment for: - 202
Slide 15: Spices and Nuts
Spices and Nuts All companies within the segment delivered a record performance • Continuation of strong growth trajectories • Sustained demand and higher market prices • Further embedding of sustainability initiatives Sales Adjusted EBITDA (€ million) (€ million) • Expansion of segmental footprint
Slide 16: Edible Seeds
Edible Seeds Challenging year with corrective actions underway • Challenges primarily within the US business - Restrictions in export markets for US-grown seeds - Margin pressure for the bird food and seed snacking business - Disruption in SunButter® production Sales Adjusted EBITDA (€ million) (€ m
Slide 17: Priority focus on restoring margins in Edible Seeds
Priority focus on restoring margins in Edible Seeds Targeted realignment actions to restore edible seeds profitability Adjusted Ebitda% • Implemented operational 11% 10% 11% restructuring, including management changes 7% and factory closures 3% • Specific actions for each business line 2021 2022 202
Slide 18: Organic Ingredients
Organic Ingredients Excellent performance across all major product lines • Increased demand in organic food and beverages • Successful navigation of a complex regulatory landscape • Cocoa business is a key driver Sales Adjusted EBITDA (€ million) (€ million) • Sustainability and impact at origin rem
Slide 19: Tea
Tea Adapting the business model to a challenging global environment • Ongoing geopolitical disruptions, fragmented customer base and elevated supply levels • Strengthening of leadership, knowledge and expertise Sales Adjusted EBITDA (€ million) (€ million) • Implementing new model to enhance collabo
Slide 20: Food Solutions
Food Solutions Fifth consecutive year of strong growth • Double-digit volume and sales growth from both blend types • Entrepreneurial R&D mindset further strengthens customer focus • New plant drives measurable value creation within the segment Sales Adjusted EBITDA (€ million) (€ million) • Continu
Slide 21: Cash flow development
Cash flow development Cash flow excluding working capital +12%. The holding facilitates commercial investment in working capital +12% (€ million) versus LY 120 • Driven by higher sales and profit, operating cash flow excluding working capital improved with 12% • Investment in working capital results
Slide 22: Working capital development
Working capital development Higher working capital driven by higher inventory for Spices and Nuts, and Organic Ingredients Higher inventory driven by: 600 (€ million) • Due to shortages in previous year higher cocoa 500 volume 400 • Higher market prices mainly within the Spices and 300 Nuts segment
Slide 23: Financial headroom and leverage ratio
Financial headroom and leverage ratio Sufficient headroom available to support investment in working capital Financial headroom and leverage ratio • Working capital as a commercial instrument (€ million) 600 • Increased inventory levels driven by higher prices in Spices & Nuts, and higher volume and
Slide 24: Agenda
Agenda Topic Speaker Strategic update Allard Goldschmeding - CEO Highlights FY 2025 Performance versus the mid term strategy Spotlights Financial Review Financial performance Mirjam van Thiel - CFO Financial performance per Segment Development cash flow and ratios Outlook Looking ahead Allard Goldsc
Slide 25: Looking ahead
Looking ahead • Positive trends toward plant-based diets continue • Closely monitoring geopolitical developments • Normalized cocoa price levels expected • Progressing towards restoring Edible Seeds US profitability • Working capital level reduction during 2026 • Reaffirming commitment to mid-term a
Slide 26: Q&A
Q&A
Slide 27: Slide 27