Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — Q1 2026 Earnings Presentation
15 slides from Ebro Foods Sa's earnings presentation, Apr 29, 2026
Slide 1: Notice to the National Securities Exchange Commission of Spain
TO THE NATIONAL SECURITIES EXCHANGE COMMISSION OF SPAIN Madrid, 29 April 2026 Ref: presentation to analysts announced this morning, regarding the Group Ebro Foods results for the first quarter 2026. In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. hereby publishes as OTHER
Slide 2: Results Q1 2026
Ebro RESULTS Q1 2026 ARROZ INTEGRAL
Slide 3: Contents
CONTENTS 1. INTRODUCTION 2. BUSINESS UNIT RESULTS Q1 2026 2.1 Rice 2.2 Pasta 3. CONSOLIDATED GROUP RESULTS Q1 2026 3.1 P&L 3.2 Debt Performance 4. CONCLUSION 5. CORPORATE CALENDAR 2026 6. CALCULATION OF ALTERNATIVE PERFORMANCE MEASURES 7. LEGAL DISCLAIMER
Slide 4: 1. Introduction
1. Introduction The market became increasingly competitive during Q1 2026, driven by weaker rice prices and the clearance of high-cost raw material stocks by many industrial buyers. These two factors have placed pressure on margins, although this will gradually ease over the course of the year as hi
Slide 5: 2.1.1 Rice Q1 2026
2.1.1 Rice Q1 2026 Results for Q1 2026 reflect a demanding market, shaped by weakened raw materials, intense competition and the reduction of high-cost inventories. The Iran conflict has caused logistical disruptions, including port congestion in India and a global spike in transportation costs, bot
Slide 6: 2.1.1 Rice Q1 2026
2.1.1 Rice Q1 2026 In France, we have fully recovered from the distribution issue caused by barcode changes following the separation from Panzani. We are now the second-largest player in the microwaveable segment, having doubled sales over the past year and reached a 21% market share. Tilda has deli
Slide 7: 2.1.2 Rice Q1 2026
2.1.2 Rice Q1 2026 The sales figure for the Division fell by 5.8%, while the foreign exchange effect amounted to EUR28.1 million. We continue to step up advertising investment in support of new launches for all of our brands. As a result, advertising investment increased by 4.5% year on year to EUR1
Slide 8: 2.2.1 Pasta Q1 2026
2.2.1 Pasta Q1 2026 The pasta division experienced a challenging environment at the start of the year, particularly in negotiations with retailers. In France, despite market pressures, the business remains resilient, supported by the continued strong growth of gnocchi. In addition, ongoing launches
Slide 9: 2.2.2 Pasta Q1 2026
2.2.2 Pasta Q1 2026 Turnover remains stable at EUR180.6 million, while the exchange rate had almost no impact. Advertising fell by 9.9%, but we continue to support new product launches. The Division’s EBITDA-A is down on the previous year, standing at EUR25.0 million, due to US tariffs and the EUR/U
Slide 10: 3.1 P&L Q1 2026
3.1 P&L Q1 2026 The consolidated sales figure fell by 4.6% to EUR755.5 million. This decline was primarily caused by the foreign exchange effect, following the consolidation of Riviana’s figures in US dollars (with an impact of EUR29.0 million), as well as the fall in the price of rice. EBITDA-A was
Slide 11: 3.2 Debt Performance
3.2 Debt Performance Q1 2026 saw a sharp reduction in debt of EUR140 million compared with the previous year to EUR459.9 million, with a decrease in working capital of EUR54 million. Corporate income tax payments in Q1 2026 stood at EUR10.7 million. CAPEX investments amounted to EUR28.0 million in Q
Slide 12: 4. Conclusion
4. Conclusion In summary, it has been a solid quarter at the top line level. Profitability has been impacted by the raw materials environment, the conflict in Iran and the weakness of the US dollar; however, underlying fundamentals remain strong and are expected to support a gradual improvement in p
Slide 13: 5. Corporate Calendar
5. Corporate Calendar As part of Ebro’s commitment to complete transparency, below we provide our Corporate Calendar for 2026: 25 February Presentation of YE 2025 Results 1 April Four-month payment of ordinary dividend (EUR0.23/share) 29 April Presentation of Q1 2026 results 30 June Four-mon
Slide 14: 6. Calculation of Alternative Performance Measures
6. Calculation of Alternative Performance Measures According to the guidelines set by the European Securities and Markets Authority (ESMA), the following is a list of the indicators used in this report. These indicators are currently and consistently used by the Group to describe its business perfor
Slide 15: 7. Legal Disclaimer
7. Legal Disclaimer This presentation contains our true understanding to date of estimates on the future growth in the different business lines and the global business, market share, financial results and other aspects of business activity and the positioning of the Company. All the data included in