Strauss Group Ltd · TASE:STRS
Strauss — Strauss Group Ltd Ord — Q4 2025 Earnings Presentation
40 slides from Strauss's earnings presentation, Mar 25, 2026
Slide 1: Q4 & FY-2025 Financial Results
STRAUSS GROUP Q4 & FY-2025 Financial Results March 25th 2026 1
Slide 2: Disclaimer and GAAP to Non-GAAP Reconciliations
Disclaimer GAAP to Non-GAAP This presentation does not constitute an offering to purchase or sell securities of Strauss Reconciliations In addition to reporting financial results in accordance with generally accepted accounting Group Ltd. (the “Company”) or an offer for the receipt of such offerings
Slide 3: Q4 & FY-2025 Summary
Strauss Group | Q4 & FY-2025 Summary Double-digit Net Sales growth both in Q4 Continued focus on strategy execution and FY-2025, reflecting growth in all with acquisition1 of Yoki in Brazil by segments, led by record Coffee Int’l results 3corações (50%-owned JV)2 Productivity journey on track and in
Slide 4: Group Q4 & FY-2025 Financial Highlights
Group Q4 & FY-2025 Financial Highlights | NIS m; Non-GAAP % change w/o % change w/o Q4-2025 Q4-2024 % change FX impact4 FY-2025 FY-2024 % change FX impact4 Net Sales1 3,167 2,872 10.2% 12.7% 12,507 11,206 11.6% 15.4% Gross profit 990 813 21.9% 24.1% 3,599 3,439 4.7% 7.3% Gross Margin 31.3% 28.3% 28.
Slide 5: Strauss Israel Highlights
Strauss Israel Highlights Highlights ■ Solid sales growth led by volume, mix and pricing ■ Strengthening of competitive position in F&B retail market, improving market share by 0.5 p.p to 12.3% FY2025 Performance by division (Non-GAAP, NIS m) ■ Fun and Indulgence – improved market share in relevant
Slide 6: Innovation supporting growth
Innovation supporting growth Consumer centricity Expanding presence in New category with growing segments breakthrough technology Cross brand Tailoring taste to access collaborations new consumer segments Inauguration of Nostalgia Michael’s Campus Premium & Added value Pictures are solely for illust
Slide 7: Coffee International Highlights
Coffee International Highlights Coffee International FY performance Highlights (Non-GAAP, NIS m) ▪ Record EBIT and margin mainly due to pricing, volume 3corações FY Performance growth mainly in CEE, and productivity (Non-GAAP, 50%, NIS m) +30.8% Net sales ▪ Maintaining and in some markets improving
Slide 8: Strauss Water FY-25 Highlights
Strauss Water FY-25 Highlights Highlights Financial performance (Non-GAAP, NIS m) ▪ Sales growth supported by higher install base in Israel and improved sales mix +5.5% Net sales ▪ Stable EBIT despite increased competition in China 848 895 ▪ tami4shabbat new water bar launched in September FY-24 FY-
Slide 9: Productivity Journey
Productivity Journey KEY INITIATIVES STRATEGIC REVENUE GROWTH PROCUREMENT MANAGEMENT & MARKETING ROI OPERATIONAL CAPABILITY EXCELLENCE BUILDING AND MINDSET ON TRACK TO ACHIEVING NIS 300-400M IN RUN RATE SAVINGS BY 2026 9
Slide 10: Our Strategy – Double Down On The Core
Our Strategy – Double Down On The Core STRONGER BRAZIL COFFEE & INTERNATIONAL BEYOND WATER PLAYER HOME BASE FUTURE READY & RESILIENT 10
Slide 11: 3corações Acquires General Mills Brazil (Yoki)
3corações Acquires General Mills Brazil (Yoki) Transaction Overview Strategic Rationale Synergies & Value Creation 1 ▪ Purchase Price: R$800M to be funded with 3corações ▪ Reflects execution of Strauss Group’s strategy to expand ▪ Significant synergetic potential, leveraging 3corações’ cash-on-hand.
Slide 12: Reminder of Long Term Targets
Top-line Growth 5% CAGR 2024-2026 Playbook Expanding Margins 10%-12% EBIT margin in 2026 REMINDER OF Enhancing Cost 300-400m NIS by 2026 LONG TERM Structure Productivity TARGETS Investing In The CAPEX to reach 5%- Future 7% of sales 2024-2026 as published in March 2024 Focusing 85% of total sales in
Slide 13: ESG Highlights
ESG Highlights1 Nutrition Sustainable Climate People & & Health Supply Chain & Water Communities Governance ESG Ratings, Recognitions and Awards Bloomberg ESG Disclosure Score 30 - Medium 4.78 Leading 3.9 7.6 - AA 45 C Platinum + Ranked in the 100 most The HR #1 best place Risk top 100 brands loved
Slide 14: Financial Results
Financial Results 14
Slide 15: Group & Segment Q4-2025 Sales
Strauss Group & Segment Q4-2025 Sales | NIS m; Non-GAAP Strauss Group Q4 Sales Bridge: +10.2% Q4-2025 Change % of Q4-2025 Group Segment Sales 359 17 Sales (NIS m) 57 (75) (63) 42% 1,335 Strauss Israel 4.4% 3,167 2,872 2,809 29.1% Coffee Int'l 50% 1,595 24.0% Q4-24Translation Differences Q4-24 excl.
Slide 16: Group & Segment FY-2025 Sales
Strauss Group & Segment FY-2025 Sales | NIS m; Non-GAAP Strauss Group FY Sales Bridge: +11.6% % of FY-2025 FY-2025 Change 1,784 49 Group Segment Sales 287 Sales (NIS m) (451) (368) Strauss 44% 5,457 Israel 12,507 5.6% 11,206 10,838 40.8% 49% 6,155 Coffee Int'l 30.8% FY-2024 Translation FY-2024 excl.
Slide 17: Group Q4 & FY-2025 EBIT
Strauss Group Q4 & FY-2025 EBIT1 | NIS m; Non-GAAP Strauss Group Q4 EBIT Bridge: +62.3% ▪ Strauss Israel – Q4-2025 EBIT gains in Coffee Israel and Fun & Indulgence, 127 (0) (34) 8.9% and stable FY-2025 EBIT as lower F&I 6.1% 16 (1) EBIT offset improved EBIT and EBIT 282 174 173 margins in Health & W
Slide 18: Q4 & FY-2025 EBIT and EBIT margins
Q4 & FY-2025 EBIT and EBIT margins | NIS m; Non-GAAP Strauss Group & Segments Q4: 62.3 % 62.8% 282 270.9% 13.6% 281.2% 174 173 -0.8% 120 136 40 47 40 6.1% 8.9% 9.3% 10.2% 10.9% 18.0% 3.6% 16.6% 1 1 Strauss Group Strauss Israel Coffee Int'l Water Q4-24 Q4-25 Strauss Group & Segments FY: 35.6% 37.7% 1
Slide 19: Group Q4 & FY-2025 Net Income
Strauss Group Q4 & FY-2025 Net Income1 | NIS m; Non-GAAP Strauss Group Q4 Net Income1 bridge: +103.3% ▪ Significant Net Income growth in Q4- 25 driven by double-digit EBIT growth (4) 108 (30) 3 and moderated by higher tax expenses mainly attributable to profit 151 74 increase in Brazil. Q4-24 EBIT F
Slide 20: Group Q4 & FY-2025 Cash Flow
Strauss Group Q4 & FY-2025 Cash Flow | NIS m; Non-GAAP ▪ Free cash flow improvement driven mainly by EBIT growth and lower Operating Cash Flow CAPEX outflow 781 YoY Change (NIS m) 710 641 Q4: +69 ▪ In FY-2025 operating and free cash 600 554 FY: +181 flow were impacted by NIS 89m fine 444 following t
Slide 21: Group Net Debt and Net Debt/EBITDA
Strauss Group Net Debt and Net Debt /EBITDA NIS m; Non-GAAP 2,966 2,767 2,652 ▪ Net Debt/EBITDA y-o-y improvement 2,223 due to robust EBITDA and despite 1,989 slightly higher Net Debt ▪ GAAP Net Debt as of Dec 31st 2025 – 2.3x 2.4x 2.1x NIS 2,093m; Net Debt/EBITDA ratio of 1.7x 1.6x 1.7x 31 Dec 2024
Slide 22: Strauss Israel
Strauss Israel 22
Slide 23: Israel Q4-2025 Sales
Strauss Israel Q4-2025 Sales | NIS m; Non-GAAP Strauss Israel Q4 Sales Bridge: +4.4% Q4-2025 Q4-2025 Change % of Israel Segment Sales Sales (NIS m) 59% 790 H&W 3.4% 25% 335 F&I 8.3% 16% 210 Coffee Israel 2.8% ▪ Health & Wellness – Growth supported by volume increase, improved mix and moderate pricin
Slide 24: Israel FY-2025 Sales
Strauss Israel FY-2025 Sales | NIS m; Non-GAAP Strauss Israel FY Sales Bridge: +5.6% % of FY-2025 FY-2025 Change Israel Segment Sales Sales (NIS m) 58% 3,159 H&W 2.7% 26% 1,395 F&I 10.3% ▪ Health & Wellness – Higher volumes and improved sales mix despite 16% 903 Coffee Israel 8.9% divestment of Ultr
Slide 25: Israel & Segments EBIT & Margins Q4 & FY-2025
Strauss Israel & Segments EBIT & Margins Q4 & FY-2025 NIS m; Non-GAAP Strauss Israel Q4 EBIT & Margins: ▪ Health & Wellness – improvement in FY profit margins due to successful 13.6% Q4-24 Q4-25 productivity implementation; Q4 EBIT -0.2% remained stable despite higher 136 120 103 marketing efforts 1
Slide 26: Coffee International
26 6 Coffee COFFEE International
Slide 27: Coffee International Financial Highlights
Strauss Coffee International Financial Highlights | NIS m; Non-GAAP % change w/o % change w/o Q4-2025 Q4-2024 % change FX impact FY-2025 FY-2024 % change FX impact Net Sales 1,595 1,287 24.0% 29.1% 6,155 4,705 30.8% 40.8% Gross profit 409 228 80.9% 88.5% 1,312 979 34.1% 44.8% Gross Margin 25.7% 17.6
Slide 28: Coffee International Q4-2025 Sales
Strauss Coffee International Q4-2025 Sales | NIS m; Non-GAAP Strauss Coffee International Q4 Sales Bridge: % of Q4-2025 Q4-2025 +24% Coffee Int’ICountry Sales Change Sales (NIS m) 68% 1,077 Brasil (3C) 23.8% 17.3% 12% 1973 Russia 29.0% 38.5% 11% 181 54.5% Poland 50.9% 60.2% 5% 86 Romania 50.6% ▪ 3co
Slide 29: Coffee International FY-2025 Sales
Strauss Coffee International FY-2025 Sales | NIS m; Non-GAAP Strauss Coffee International FY Sales Bridge: % of FY-2025 FY-2025 +30.8% Coffee Int’ICountry Sales Change Sales (NIS m) 45.2% Brasil (3C) 70% 4,329 31.2% 25.9% 11% 6893 Russia 30.5% 51.1% 10% 640 Poland 49.4% 33.4% 5% 301 Romania 27.8% ▪
Slide 30: Três Corações Alimentos S.A.
Três Corações Alimentos S.A. | GAAP 100%; BRL m Q4-2025 Q4-2024 % change FY-2025 FY-2024 % change Net Sales 3,590 2,897 23.9% 14,098 9,701 45.3% Gross profit 962 504 90.9% 3,030 1,943 55.9% Gross Margin 26.8% 17.4% 21.5% 20.0% EBIT 464 100 364.0% 1,256 385 225.7% EBIT Margin 12.9% 3.5% 8.9% 4.0% ■ R
Slide 31: Strauss Water
Strauss Water 31
Slide 32: Water Financial Highlights
Strauss Water Financial Highlights | NIS m; Non-GAAP Q4-2025 Q4-2024 % change FY-2025 FY-2024 % change Net Sales 237 221 7.4% 895 848 5.5% Gross profit 118 104 13.0% 439 401 9.3% Gross Margin 49.8% 47.4% 49.1% 47.4% EBIT1 40 40 - 0.8% 115 115 -0.2% EBIT Margin 16.6% 18.0% 12.8% 13.5% EBITDA1 58 53 6
Slide 33: Haier Strauss Water Q4 & FY-2025 Snapshot
Haier Strauss Water1 Q4 & FY-2025 Snapshot 100%; ¥m; Non-GAAP Q4-2025 Q4-2024 % change FY-2025 FY-2024 % change Net Sales 543 505 7.5% 1,937 1,781 8.7% Net Income 42 82 -48.3% 179 239 - 25.2% Net Margin 7.7% 16.2% 9.2% 13.4% ■ High single-digit growth driven by marketing efforts and improved sales m
Slide 34: Thank you
Thank you For further details please contact: Avshalom Shimi Phone: + 972-52-428-3330 IR@Strauss-Group.com www.strauss-group.com 34
Slide 35: Appendix
Appendix ▪ GAAP to Non-GAAP reconciliation ▪ Currencies ▪ Commodities Market Prices 35
Slide 36: GAAP to Non-GAAP Reconciliation Items
GAAP to Non-GAAP Reconciliation Items ▪ Adjustments for IFRS 11 – transition from the equity method in the financial accounting (GAAP) reports to the proportionate consolidation method (according to the segmental information based on the Group’s internal management reports). Strauss Group has a numb
Slide 37: Q4 & FY GAAP and Non-GAAP
Q4 & FY GAAP and Non-GAAP | NIS m GAAP Non-GAAP GAAP Non-GAAP Q4-2025 Q4-2024 Change Q4-2025 Q4-2024 Change FY-2025 Y-2024 Change FY-2025 FY-2024 Change Sales 2,007 1,789 218 3,167 2,872 295 7,823 7,089 734 12,507 11,206 1,301 Gross Profit 659 587 72 990 813 177 2,501 2,388 113 3,599 3,439 160 GP Ma
Slide 38: Currencies
Currencies Currencies vs. NIS Currencies vs. USD Currency vs. Change YTD-Dec YTD-Dec Change Currency vs. Change YTD-Dec YTD-Dec Change Q4 2025 Q4 2024 Q4 2025 Q4 2024 NIS vs. LY 2025 2024 vs. LY USD vs. LY 2025 2024 vs. LY USD 3.25 3.70 - 12.1% 3.45 3.70 - 6.7% NIS 0.31 0.27 13.7% 0.29 0.27 7.4% EUR
Slide 39: Raw Materials Market Prices
Raw Materials Market Prices1 Q4-2024 Q4-2025 FY-2024 FY-2025 Category Change % Change % average average average average Arabica 284 c/lbs 391 c/lbs 38% 236 c/lbs 368 c/lbs 56% Robusta 4,851 $/T 4,393 $/T -9% 4,278 $/T 4,671 $/T 9% Sugar 552 $/T 430$/T -22% 575 $/T 480$/T -17% Cocoa 6,906 GBP/T 4,212
Slide 40: Commodities Price Development 2020-2025
Commodities Price Development 2020-2025 ROBUSTA ARABICA COCOA Robusta price, US$/Ton Arabica price, CT$/IB Cocoa price, GBP/Ton 7,000 12000 500 6,000 450 10000 400 5,000 +204% 350 +174% 8000 +138% 4,000 300 4377 250 348 6000 3,000 4,109 200 2,000 150 4000 100 1,000 50 2000 - 0 0 2020 2021 2022 2023
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