Food Empire Holdings Limited · SGX:F03
Food Empire — FY2025 Earnings Presentation
19 slides from Food Empire's earnings presentation, February 2026
Slide 1: Analyst Briefing for the year ended 31 December 2025 (FY2025)
Analyst Click to editBriefing Master text styles for the year ended 31 December 2025 (FY2025)
Slide 2: Agenda
Agenda 1. Business Overview 2. FY2025 Performance Review 3. Investment Merits 4. Q&As
Slide 3: Business Overview
Click to edit Master Business text styles Overview
Slide 4: Business Overview
Business Overview Dynamic portfolio of more than 200 instant beverages and Food Empire (SGX: F03) is a snacks leading multinational F&B Extensive distribution manufacturing and distribution networks across more than 60 group. Its primary business is countries with brand instant coffee beverages that
Slide 5: Overview of Plants
Overview of Plants Packing Packing • Coffee Mix • Coffee Mix • Tea Packing Ukraine Russia Manufacturing • Coffee Mix • Freeze-dried soluble Kazakhstan coffee (by FY2028) India Packing Vietnam • Coffee Mix Malaysia Manufacturing Others Manufacturing Packing • Spray-dried soluble coffee, Agglomerated
Slide 6: Branded Consumer Business Supported by Capacity Expansion Projects
Branded Consumer Business Supported by Capacity Expansion Projects Completed coffee mix Expansion of India spray-dried New freeze-dried soluble coffee manufacturing facility in Kazakhstan soluble coffee manufacturing facility manufacturing facility in Vietnam • Expects to commence production • To in
Slide 7: FY2025 Performance Review
aad Food Empire FY2025 Performance Review DRIVING GROWTH STRENGTHENING ASIA
Slide 8: FY2025 Highlights
FY2025 Highlights Record Highest dividend Expansion Placement performance payout projects exercise • Revenue crosses half- • Dividend of S$0.12 for Completed: • Raised approximately a-billion USD for the FY2025 • Expansion of snack S$41.8m 1st time to US$576.9m • Proposes final factory in Malaysia •
Slide 9: FY2025 Financial Overview
FY2025 Financial Overview US$’m FY2025 FY2024 % Change Revenue 576.9 476.3 21.1 Operating profit 93.4 63.3 47.5 EBITDA 80.9 81.1 (0.3) EBITDA (normalised) # 113.5 78.3 45.0 Net profit after tax 36.0 52.9 (32.0) Net profit after tax (normalised) # 68.6 50.0 37.0 Basic EPS (USD cents) (normalised) # 1
Slide 10: FY2025 Segmental Highlights
FY2025 Segmental Highlights • Russia revenue up 34.8% driven by higher sales volumes and To better reflect Food Empire’s geographical focus, the price gains, supported by improved in-store execution and Group has re-categorise its revenue into 5 main segments broader product range representation, al
Slide 11: Summary of Cash Flows
Summary of Cash Flows US$’M FY2025 FY2024 Operating Activities Net cash flows from operating activities 87.1 25.5 Investing Activities Net cash flows used in investing activities (21.6) (18.3) Financing Activities Net cash flows used in financing activities (16.7) (5.7) Net increase in cash and cash
Slide 12: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios US$’M FY2025 FY2024 FY2025 FY2024 Total Assets 566.3 460.1 Debt to Equity Ratio 15.5%= 15.4%+ Total Loans and Borrowings 46.0= 39.4+ Working Capital 95.8 M 92.1 M Shareholders’ Equity* 370.2 296.1 Quick Ratio 2.2 2.0 Free Cash Flow Generated 65.4 7.2 Current ratio 3.2 3.1
Slide 13: Growth Drivers & Investment Merits
Click to edit Master Growth Drivers & text styles Investment Merits 13
Slide 14: Past Investments Yield Results
Past Investments Yield Results Ongoing investments since Revenue (US$'m) FY2013 have resulted in 5 576.9 Revenue NPAT (US$'m) consecutive years of crossed 476.3 half-a- record performance 425.7 billion for 398.4 the first 320.1 time 284.3 288.6 273.0 262.9 269.5 249.5 232.4 242.2 56.5 68.6 + 45.1 *
Slide 15: Growth Drivers & Investment Merits
Growth Drivers & Investment Merits Market leader with deepening global presence & Branded consumer business supported by strong brand equity vertically integrated business model • Market leader of 3-in-1 coffee mixes in Russia, Ukraine, • Vertically integrated manufacturing capabilities to support K
Slide 16: 5-year Share Price Performance Against FTSE ST All Share Consumer Staples Index
5-year Share Price Performance Against FTSE ST All Share Consumer Staples Index • Share price reached historical high of S$3.23 on 20 Feb 2026 • Uptrend in FY2025 driven by stronger growth across Food Empire markets and expectations of another record performance FTSE ST All Share Consumer Staples In
Slide 17: 5-year Dividend Track Record
5-year Dividend Track Record Cumulative shareholder returns 12.0 Highest full- (FY2021 –FY2025) year dividend in Company 10.0 history Dividend Share S$’m Total 4.0 Payout buyback Special Dividends (Singapore cents) 8.0 Ordinary Dividends FY2021 11.8 3.4 15.2 (Singapore cents) 5.0 Interim Dividends 2
Slide 18: Returns per share
Returns per share (2020-2025) Returns Year/Start of period vested 2025 2020 365.2% Length of holding period > 1 year > 5 years 240.1% 311.2% Accumulated dividends/share 0.110 0.298 (S$) over vested period Capital appreciation/share over + 2.37 + 2.25 vested period (S$) 159.0% Total shareholder 311.1
Slide 19: Thank You
~ od Food Empire Thank You DRIVING GROWTH. STRENGTHENING ASIA. —E