Slide 1: Business Review January - September 2025
WEBCAST October 22, 2025 Business Review January - September 2025 Riikka Wulff, CEO Kati Kokkonen, CFO
Slide 2: January-September 2025 agenda
JANUARY -SEPTEMBER 2025 1 Highlights in January -September 2 Business development 3 Financial development 4 Strategy and future 5 Q&A
Slide 3: Highlights in January-September
JANUARY -SEPTEMBER 2025 Highlights in January -September
Slide 4: Comparable net sales grew approximately 7% in the third quarter
JANUARY -SEPTEMBER 2025 Fodelia Group’s comparable net sales grew by approximately 7% in the third quarter. The growth was slower than targeted, reflecting the weak development of the foodservice market. The Group’s operating profit was 6.1% of net sales, which was stronger than in the early part of
Slide 5: Highlights in January-September
JANUARY -SEPTEMBER 2025 Highlights in January -September • Organizational streamlining and renewal of operating models to improve growth and efficiency have progressed as planned. During Q3, significant key recruitments were made: Fodelia appointed a Head of HR Development, and Feelia appointed a Co
Slide 6: Business development
JANUARY -SEPTEMBER 2025 Business development
Slide 7: Fodelia's businesses
TAMMI-JOULUKUU 2024 2025 JANUARY-SEPTEMBER JANUARY -SEPTEMBER 2025 Fodelia ´s businesses Feelia operates in the Foodservice market, Oikia concentrates on retail customers and offering customers tasty, healthy, and long - the development of e -commerce for lasting ready meals. consumers . Delimax pro
Slide 8: Foodservice Market Development
JANUARY -SEPTEMBER 2025 Foodservice Market Annual Change in Foodservice Wholesale Turnover 2010 - 2025 Development The cumulative net sales of the Foodservice wholesale trade in January –August 2025 decreased by 0.9% compared to the same period last year . Source: PTY 30.9.2025
Slide 9: Feelia Key Figures Q3
JANUARY -SEPTEMBER 2025 Feelia I Key Figures Q3 NET SALES OPERATING OPERATING PROFIT PROFIT % 10 691 1 006 9.4 thousand € thousand € Q3 2025 (change +10.9%) %) (change - 15.1%) Q3 2024 OPERATING OPERATING NET SALES PROFIT PROFIT % 9 643 1 185 12.9 thousand € thousand € The figures for Feelia in 2024
Slide 10: Feelia Key Figures 1-9/2025
JANUARY -SEPTEMBER 2025 Feelia I Key Figures 1- 9/2025 OPERATING NET SALES PROFIT OPERATING PROFIT % 1- 9/2025 32 043 2 920 9.1 thousand € thousand € (change +12.9%) %) (change - 1.2 %) OPERATING 1- 9/2024 NET SALES PROFIT OPERATING PROFIT % 28 388 2 955 10.4 thousand € thousand € The figures for Fe
Slide 11: Feelia Key highlights
JANUARY -SEPTEMBER 2025 Feelia | Key highlights • Net Sales record in September : over €4 million. Monthly record level achieved in both ready meals and Delimax products. • Positive sales momentum: - With the new sales organization, the sales pipeline is growing again. - New agreements signed with c
Slide 12: Oikia Key Figures Q3 (Continuing operations)
JANUARY -SEPTEMBER 2025 Oikia I Key Figures Q3 (Continuing operations ) NET SALES OPERATING OPERATING PROFIT PROFIT % 3 028 25 0.8 thousand € thousand € Q3 2025 (change - 6.7 %) (change – 92.3 %) Q3 2024 NET SALES OPERATING OPERATING 3 247 PROFIT PROFIT % thousand € 324 10.0 thousand €
Slide 13: Oikia Key Figures 1-9/2025 (Continuing operations)
JANUARY -SEPTEMBER 2025 Oikia I Key Figures 1-9/2025 (Continuing operations ) NET SALES OPERATING OPERATING PROFIT PROFIT % 9 060 18 0.2 thousand € thousand € 1- 9 2025 (change – 3.7 %) (change – 97,1 %) 1- 9 2024 OPERATING NET SALES OPERATING PROFIT PROFIT % 9 406 604 6.4 thousand € thousand €
Slide 14: Oikia Key points
JANUARY -SEPTEMBER 2025 Oikia I Key points • Branded products on the rise, focus is shifting The decline in Oikia’s net sales was mainly due to a decrease in private label sales. In contrast, net sales of own branded products grew by 22% from January to September, and their share of total net sales
Slide 15: Fodbar Key points
TAMMI-MAALISKUU JANUARY -SEPTEMBER2025 2025 Fodbar I Key points • Major Customer Accounts in 2025: - Wins in the meal service tenders of Western Uusimaa and Northern Ostrobothnia (combined annual value €4 million). - The targets of the Oma Häme tender have been fully launched, with an estimated annu
Slide 16: Financial development
JANUARY -SEPTEMBER 2025 Financial development
Slide 17: Summary July-September 2025
JANUARY -SEPTEMBER 2025 Summary July -September 2025 NET SALES The Group's comparable net sales increased by 6.6 % and amounted 13.5 million euros (12.7) EBIT The adjusted operating profit was 0.8 million euros (1.0) representing 6.1 % of net sales (8.1)
Slide 18: Summary January-September 2025
JANUARY -SEPTEMBER 2025 Summary January -September 2025 NET SALES The Group's comparable net sales increased by 9.1 % and amounted 40.5 million euros (37.1) EBIT The adjusted operating profit was 2.0 million euros (2.4) representing 4.9 % of net sales (5.9)
Slide 19: Key Figures Group
JANUARY -SEPTEMBER 2025 Key Figures I Group Group 7- 9/2025 7- 9/2024 Change - % 1- 9/2025 1- 9/2024 Change - % 1- 12/2024 Net sales, EUR thousand 13,515 12,929 4.5 40,501 40,121 0.9 53,552 Net sales, continuing operations, EUR thousand 13,515 12,683 6.6 40,501 37,132 9.1 50,273 Adjusted EBITDA, EUR
Slide 20: Key figures by business segments: Net sales
JANUARY -SEPTEMBER 2025 Key figures by business segments I Net sales Net sales 7- 9/2025 7- 9/2024 Change - % 1- 9/2025 1- 9/2024 Change - % 1– 12/2024 EUR thousand Feelia 10,691 9,643 10.9 32,043 28,388 12.9 38,586 Oikia, continuing operations 3,028 3,247 -6.7 9,060 9,406 -3.7 12,702 Oikia, diveste
Slide 21: Development on Fodelia group's net sales
JANUARY -SEPTEMBER 2025 Development on Fodelia group's net sales The Group’s net sales remained at the same level as in previous quarters. Quarterly net sales have increased from approximately €12 million in 2024 to €13.5 million.
Slide 22: Development of net sales, Feelia ready meals and Delimax
JANUARY -SEPTEMBER 2025 Development of net sales , Feelia ready meals + Delimax juices and purees Net sales of ready meals increased by approximately 11% compared to Q3 2024. Delimax’s net sales grew by approximately 14% compared to Q3 2024.
Slide 23: Development of net sales, Oikia
JANUARY-SEPTEMBER 2025 Development of net sales , Oikia Net sales of continuing operations (Snacks and Oikiaruoka.fi) remained at the same level as in the first two quarters and decreased by 6.7% compared to Q3 2024. The official figures for 2024 include divested operations.
Slide 24: Key figures by business segments: Operating profit
JANUARY -SEPTEMBER 2025 Key figures by business segments I Operating profit EBIT by business segments, EUR thousand 7- 9/2025 7- 9/2024 Change - % 1- 9/2025 1- 9/2024 Change - % 1– 12/2024 Feelia 1,006 1,185 -15.1 2,920 2,955 -1.2 3 784 Oikia, continuing operations 25 324 -92.3 18 604 -97.1 802 Oiki
Slide 25: Quarterly development of the Group's operating profit
JANUARY -SEPTEMBER 2025 Quarterly development of the Group’s operating profit Items affecting comparability have been excluded from the operating profit. Q3 2025 was at a stronger level than the beginning of the year. Q3 2024 stood out as an exceptionally strong quarter.
Slide 26: Other key figures Group
JANUARY -SEPTEMBER 2025 Other key figures I Group Group 7- 9/2025 7- 9/2024 Change - % 1- 9/2025 1- 9/2024 Change - % 1- 12/2024 Adjusted profit for the period, EUR thousand 566 731 -22.7 1,195 1,340 -10.8 2,000 % net sales 4.2 5.7 -26.0 2.9 3.3 3.7 Adjusted earnings per share, € 0.1 0.1 -23.2 0.2 0
Slide 27: Strategy and future
JANUARY -SEPTEMBER 2025 Strategy and future
Slide 28: Feelia's Response to Key Trends
JANUARY -SEPTEMBER 2025 Feelia’s Response to Key Trends • Social and healthcare reform • Municipal budget pressures • Population aging • Global uncertainty • Climate change Feelia's ready meal concept enables the provision of nutritious food without the need for a heavy central kitchen model. Pre -p
Slide 29: Guidance for the year 2025
JANUARY -SEPTEMBER 2025 The guidance was updated on July 31, 2025, as Fodelia Group's performance in the first half of the year has Guidance for the year 2025 (31.7.2025) not met the company's financial targets or earlier forecasts. Fodelia Group’s net sales for 2025 are estimated to be approximatel
Slide 30: Long-Term Financial Targets
JANUARY -SEPTEMBER 2025 Long -Term Financial Targets Fodelia has set the following long - term goals. The presented targets are not forecasts of the company's future development. Target net sales of Operating Return on Net debt -to - at least profit invested EBITDA margin of capital (ROIC) ratio € 1
Slide 31: Q&A
JANUARY -SEPTEMBER 2025 Q&A
Slide 32: Thank you
JANUARY -SEPTEMBER 2025 Thank you. Contacts : Riikka Wulff riikka.wulff@fodelia.fi p. +358 40 777 8299