Consolidated financial statements
5.1 Consolidated income statement
3
5.2 Consolidated balance sheet
4
5.3 Consolidated statementof cash flows
5
5.4 Changes in consolidated shareholders' equity
6
Notes to the annual consolidated financial statements 7
Statutory Auditors' report on the consolidated financial
statements 53
POUR EN SAVOIR PLUS RENDEZ-VOUS SUR BONDUELLE.COM
2.204million euros of sales
52consolidated entities
3.8%of current operating margin
This document is a free translation into English and has no other value than an informative one. Should there be any difference between the French and the English version, only the French-language version shall be deemed authentic and considered as expressing the exact information published by Bonduelle.
-
CONSOLIDATED INCOME STATEMENT
(In thousands of euros)
Notes
At 2024/06/30 1
At 2025/06/30
Net sales
6.1
2,223,413
2,203,761
Purchases and external expenses
6.2
(1,586,431)
(1,568,031)
Employee benefits expenses
7.1
(462,055)
(470,320)
Depreciation, amortization and impairment
(77,288)
(85,195)
Other operating income
6.3
26,426
34,320
Other operating expenses
6.3
(40,699)
(30,768)
Current operating income
6.1
83,366
83,767
Non-recurring items
6.4 & 6.1
(139,738)
(10,799)
Operating income
6.1
(56,373)
72,968
Cost of net debt
(30,161)
(27,658)
Other financial income and expenses
(3,843)
(7,474)
Net financial income
8.2
(34,004)
(35,132)
Net income from associates
4.2
3,584
1,977
Income before tax
(86,792)
39,813
Income tax
9.1
(21,278)
(20,093)
Net income from continuing operations
(108,070)
19,720
Net income from discontinued operations
(11,702)
(31,198)
CONSOLIDATED NET INCOME
(119,772)
(11,478)
- Attributable to owners of the company
(119,744)
(11,478)
- Attributable to non-controlling interests
(28)
0
BASIC EARNINGS PER SHARE
10
(3.74)
(0.36)
DILUTED EARNINGS PER SHARE
10
(3.64)
(0.34)
1 In accordance with IFRS 5, net income from discontinued operations is presented on the separate line of the income statement "Net income from discontinued operations" for the fiscal years presented. The impact of the application of IFRS 5 on the data reported in June 2024 and June 2025 is presented in Note 5.
Gains and losses recognized directly in equityBONDUELLE 3(in thousands of euros)
At 2024/06/30
At 2025/06/30
Net income for the period
(119,772)
(11,478)
Items that may be reclassified subsequently to P&L
(5,580)
(12,951)
Cash flow hedge
(4,883)
(2,589)
Translation adjustments
(1,958)
(11,031)
Tax effects
1,262
669
Items that may not be reclassified subsequently to P&L
(165)
(400)
Actuarial gains and losses on defined benefit plans
(424)
(532)
Tax effects
109
132
Unrealized gains and losses on financial assets
150
0
Income and expenses recognized directly in equity
(5,745)
(13,352)
TOTAL RECOGNIZED INCOME AND EXPENSES
(125,517)
(24,830)
- of which attributable to owners of the Company
(125,489)
(24,830)
- of which attributable to non-controlling interests
(28)
0
-
CONSOLIDATED BALANCE SHEET
Assets
Liabilities
(in thousands of euros)
Notes
At 2024/06/30
At 2025/06/30
Non-current assets
6.1
879,322
872,740
Other intangible assets
11.2
51,499
49,772
Goodwill
11.1
256,876
228,426
Property, plant and equipment
11.3
382,298
366,249
Rights of use
11.4
68,809
98,648
Investments in associates
4.2
97,442
95,428
Other non-current financial assets
8.4
3,349
2,593
Deferred tax
9.1
14,338
18,269
Other non-current assets
8.3
4,712
13,355
Current assets
1,059,506
1,119,479
Inventories and work-in-progress
6.5
720,881
768,283
Trade and other receivables
6.6
305,533
284,969
Tax receivables
11,026
8,264
Other current assets
8.3
5,223
9,623
Other current financial assets
8.3
630
2,047
Cash and cash equivalents
8.6
16,212
10,798
Current assets excluding assets held for sale
1,059,506
1,083,984
Assets held for sale
5.2
0
35,496
TOTAL ASSETS
1,938,828
1,992,220
(in thousands of euros)
Notes
At 2024/06/30
At 2025/06/30
Shareholders' equity (group share)
640,157
609,313
Share capital
57,103
57,103
Additional paid-in capital
40,103
40,103
Consolidated reserves
542,951
512,108
Non-controlling interests
(9)
(18)
Shareholders' equity
640,148
609,295
Non-current liabilities
472,773
427,653
Financial liabilities
8.6
340,898
278,870
Lease liabilities
8.6
58,369
89,261
Employee benefit obligations
7.2
23,358
22,711
Other non-current provisions
12.1
11,670
7,501
Deferred taxes
9.1
1,075
116
Other non-current liabilities
8.3
37,403
29,194
Current liabilities
825,908
955,272
Current financial liabilities
8.6
162,506
198,914
Current lease liabilities
8.6
17,862
17,167
Current provisions
12.1
12,025
15,806
Trade and other payables
6.7
631,567
636,842
Tax payables
1,054
726
Other current liabilities
8.3
894
564
Current liabilities excluding liabilities related to assets held for sale
825,908
870,019
Liabilities related to assets held for sale
5.2
0
85,254
TOTAL LIABILITIES
1,938,828
1,992,220
4 BONDUELLE
- CONSOLIDATED STATEMENT OF CASH FLOWS
(in thousands of euros) | Notes | At 2024/06/30 | At 2025/06/30 |
Net income from continuing operations | (108,070) | 19,720 | |
Share of net income from associates | (3,594) | (1,977) | |
Depreciation, amortization and impairment | 206,938 | 86,512 | |
Other non-cash items | 497 | (513) | |
Deferred tax | 9.1 | (421) | 5,142 |
Accrued interest | (635) | 230 | |
Gross cash flows from operating activities | 94,725 | 109,114 | |
Change in working capital requirement | 6.5 & 6.6 & 6.7 | (96,336) | (11,941) |
Net cash flows from operating activities from continuing operations | (1,611) | 97,173 | |
Net cash flows from operating activities from discontinued operations | 5 | (8,217) | (29,675) |
Net cash flows from operating activities | (9,828) | 67,498 | |
Acquisitions of consolidated companies, net of cash and cash equivalents | 0 | 0 | |
Disposals of consolidated companies, gross of cash and cash equivalents disposed of | 0 | 4,839 | |
Acquisitions of property, plant and equipment and intangible assets 1 | 11.2 & 11.3 | (84,167) | (82,325) |
Disposals of property, plant and equipment and financial assets 2 | 6.3 | 3,071 | 1,960 |
Net change in loans and other non-current financial assets | 0 | (84) | |
Net cash flows from (used in) investing activities from continuing operations | (81,096) | (75,610) | |
Net cash flows from (used in) investing activities from discontinued operations | 5 | (3,725) | 12,789 |
Net cash flows from (used in) investing activities | (84,821) | (62,821) | |
Transactions with non-controlling interests | (1,620) | 102 | |
(Acquisition) Disposal of treasury shares | 742 | 636 | |
Increase (Decrease) in non-current financial liabilities | 8.6 | 71,306 | (63,998) |
Increase (Decrease) in current financial liabilities | 8.6 | 49,607 | 59,117 |
Increase (Decrease) in lease liabilities | 8.6 | (21,166) | (20,530) |
Dividends paid to group and minority Shareholders | (8,259) | (6,675) | |
Net cash flows from (used in) financing activities from continuing operations | 90,610 | (31,349) | |
Net cash flows from (used in) financing activities from discontinued operations | 5 | 9,853 | 22,239 |
Net cash flows from (used in) financing activities | 100,462 | (9,110) | |
Impact of exchange rate changes | 1,391 | (981) | |
CHANGE IN CASH AND CASH EQUIVALENTS | 7,205 | (5,414) | |
- Cash and cash equivalents - opening balance | 9,007 | 16,212 | |
- Cash and cash equivalents - closing balance | 16,212 | 10,798 | |
CHANGE IN CASH AND CASH EQUIVALENTS | 7,205 | (5,414) |
Investments correspond to the acquisitions of property, plant and equipment and intangible assets described in notes 3.4.1.2 and 3.4.2 plus the change in related trade payables presented in note 6.7.
Disposals of fixed assets correspond to the proceeds received less advances and down-payments on fixed assets.