Ebro Foods Sa · BME:EBRO
Ebro Foods Sa — H1 2026 Earnings Presentation
14 slides from Ebro Foods Sa's earnings presentation, Jul 29, 2026
Slide 1: Filing to the National Securities Exchange Commission of Spain
TO THE NATIONAL SECURITIES EXCHANGE COMMISSION OF SPAIN Madrid, 29 July 2026 Ref: presentation to analysts announced this morning, regarding the Group Ebro Foods results for the first half of 2026. In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. hereby publishes as OTHER R
Slide 2: Ebro Results H1 2026
Ebro RESULTS H1 2026 ARROZ INTEGRAL
Slide 3: Contents
CONTENTS 1. INTRODUCTION 2. BUSINESS UNIT RESULTS H1 2026 2.1 Rice 2.2 Pasta 3. CONSOLIDATED GROUP RESULTS H1 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 Group continues to operate in a challenging environment, with rice prices at an all-time low. The conflict in Iran and tensions in the Strait of Hormuz are creating significant logistical challenges, primarily affecting shipments from Asia to Europe, the Middle East and the Unite
Slide 5: 2.1.1 Rice H1 2026
2.1.1 Rice H1 2026 Global rice prices remain at historically low levels, driven by the release of India's intervention stocks and strong harvests across Asia. This situation is reducing the profitability of rice cultivation and has resulted in a significant reduction (around 20%) in planted acreage
Slide 6: 2.1.2 Rice H1 2026
2.1.2 Rice H1 2026 The sales figure for the division fell by 4.5% to EUR1,133.5 million, due to the price adjustments passed on to the end consumer, as a result of the drop in raw material prices. Advertising spend is up by 6.0%, to continue supporting brands and new product launches. EBITDA-A was d
Slide 7: 2.2.1 Pasta H1 2026
2.2.1 Pasta H1 2026 During the first half of the year, we faced a number of challenges that affected sales performance, particularly in Italy and the United States. These included: (i) production issues arising from the implementation of SAP HANA at Garofalo; (ii) the movement in the US dollar excha
Slide 8: 2.2.2 Pasta H1 2026
2.2.2 Pasta H1 2026 Turnover for the division remains stable compared to 2025. Advertising fell 13.8% to EUR16.2 million. The Division's EBITDA-A fell 15.6% to EUR43.7 million. This was impacted by production problems at Garofalo, higher transport costs, lower margins on the dollar and tariffs. The
Slide 9: 3.1 P&L H1 2026
3.1 P&L H1 2026 The consolidated sales figure fell by 3.7% to EUR1,476.3 million, with a foreign exchange translation effect of EUR34.7 million. EBITDA-A was down 4.7% to EUR202.9 million. Currency had a material impact of EUR5.5 million on this result, while sales by the Italian pasta subsidiaries
Slide 10: 3.2 Debt Performance
3.2 Debt Performance At the end of H1, Net Debt has fallen by EUR57 million to EUR472.4 million. Working capital is down by EUR39.2 million. We should note that the put options that we have with minority shareholders of certain businesses amount to EUR166 million. Debt recognised under IFRS 16 amoun
Slide 11: 4. Conclusion
4. Conclusion We have successfully completed a highly demanding first half of the year, shaped by the challenges and headwinds outlined above. We will continue to invest in capital expenditure to expand the production capacity of Garofalo, Bertagni and our frozen foods products (Ebrofrost). We remai
Slide 12: 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) ➢ 30 April Presentation of Q1 2026 results ➢ 30 June Four-mon
Slide 13: 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 14: 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