Slide 1: Business review January–March 2026
Webcast Business review January–March 2026 Riikka Wulff, CEO Janne Aalto, CFO Public
Slide 2: Agenda
01 Key highlights 02 Business development & key highlights 03 Financial development 04 Q & A
Slide 3: Fodelia Q1 key figures
Fodelia I Q1 key figures Net sales grew by 9.1%, totalling 14.7 million euros. Profitability improved compared to the comparison period. Net Change in net Operating Operating sales sales profit profit % 14.7 m€ + 9.1% 0.8 m€ 5.5 (13.5 m €) (0.7 m €) (5.1) All figures are unadjusted. Figures in paren
Slide 4: Q1 Key highlights
Q1 Key highlights Growth continued, supported by Feelia's strong performance • Group net sales grew by approximately 9%, driven by Feelia's strong performance • Oikia's net sales declined, especially on Private Label products • Profitability improved slightly compared with the reference period • The
Slide 5: Business development and key highlights
Business development and key highlights
Slide 6: Fodelia's business areas
Fodelia’s business areas Feelia operates in the foodservice market Oikia focuses on the retail market and direct- and offers long shelf-life ready meals. The to-consumer e-commerce. Oikia comprises Delimax brand complements the product Oikia Snacks business (oikiaruoka.fi will range with juice and s
Slide 7: Feelia Q1 Key figures
Feelia I Q1 Key figures Feelia continued its strong growth and maintained a good level of profitability. Net sales growth was driven by strong customer demand, sales development, and increased Delimax product sales. Net Change in net Operating Operating sales sales profit profit % 12.3 +15.5 % 1.0 8
Slide 8: Feelia Q1 key highlights
Feelia I Q1 key highlights • Growth was supported by both increased sales in existing customer accounts, new high-volume customer relationships and new products • Delimax product net sales increased clearly following the more stable phase in 2025 • The renewed Feelia-Delimax –portfolio has increased
Slide 9: Feelia New Concepts
Feelia I New Concepts Clear concepting expands sales across customer segments • Preparedness foods for exceptional situations • Special diets, such as texture-modified meals • Nordic brunch offers ready-made combinations of Feelia’s products. As part of the concept, Porridge Bar combines Feelia’s po
Slide 10: Feelia Change in net sales
Feelia I Change in net sales Q1 2025 → Q1 2026: the majority of growth came from new customers Q1 2025 New Other Q1 2026 Net sales customers* customers Net sales 10.6 M € + 1.1 M € + 0.6 M € 12.3 M € *New customers with no purchases in the comparison quarter.
Slide 11: Oikia Q1 Key figures
Oikia I Q1 Key figures Net Change in net Operating Operating sales sales profit profit % 2.5 -16.5 % 0.06 2.5 m€ m€ (3.3) (3.0 m€) (0.1 m€) The decline in net sales was explained by the high level in the comparison period and changes in contract manufacturing. Sales margin improved clearly, but was
Slide 12: Oikia Q1 key highlights
Oikia I Q1 key highlights • Net sales declined, but gross margin improved clearly due to price changes and a return to normal pricing • However, the decline in volume weakened overall profitability • Increased store listings are expected to support sales towards year-end • Campaigning will increase
Slide 13: Financial development
Financial development @ Fodelia
Slide 14: Fodelia Q1 Performance Indicators
FODELIA I Q1 Performance Indicators Profit for the Earnings per EBITA Operating profit period share 0.9 0.8 0.5 0.06 € million € million € million € (0.06 €) (0.7 milj. €) (0.7 € million) (0.5 € million)
Slide 15: Fodelia Q1 Other key figures
Fodelia I Q1 Other key figures A strong balance sheet and financial position . Return on equity Equity ratio Interest-bearing Net gearing % % net debt €m % 17.0 53.1 2.8 22.8 (14.6) (54.8) (3.0) (23.1)
Slide 16: Fodelia Q1 Cash flow change
Fodelia I Q1 Cash flow change Cash balance increased by 0.9 m€, supported by strong operating cash flow, which supports possible future investments + 0,9 M € M€ 2,0 Nousu Increase 1,4 1,8 Decrease Lasku 1,6 Total Summa 1,4 1,3 - 0,4 1,2 - 0,1 1,0 0,8 0,6 0,4 0,4 0,2 0,0 Cash balance Operating cash f
Slide 17: Annual General Meeting on March 26th, 2026
Annual General Meeting on March 26th, 2026 • The Annual General Meeting approved the financial statements and granted discharge from liability to the members of the Board of Directors and the CEO for the financial period 1.1.-31.12.2025. • There were no changes to the composition of the Board of Dir
Slide 18: Fodbar Q1 key highlights
Fodbar I Q1 key highlights • Annual year 2025 and Q1 2026 have been operationally challenging • Future of the agreement to provide catering and facility management services for wellbeing area of Oma Häme is still under discussion • Fodbar has operated under temporary contractual arrangement since sp
Slide 19: Outlook and guidance
Long-term financial targets Net sales Estimated annual net sales growth 15–20 %. Outlook and guidance The EUR 100 million net sales target has been moved to 2030 due to completed divestments. Operating profit margin Guidance for 2026 Operating profit margin to exceed 10% in 2028. Fodelia Group net s
Slide 20: Q&A
Q&A @ Fodelia
Slide 21: Contact details
Contact details Janne Aalto Riikka Wulff CFO CEO janne.aalto@fodelia.fi riikka.wulff@fodelia.fi +358 50 431 4299 +358 40 777 8299
Slide 22: 6) Fodelia
6) Fodelia