Delfi Limited (P34) investor relations material

Executive summary

• PATMI for 2H 2025 was US$21.0M (up 46.3% YoY); FY2025 PATMI was US$33.2M (down 2.1% YoY).

• FY2025 Net Sales reached US$500.1M, a 0.5% YoY decline, reflecting a challenging environment and high cocoa prices.

• Own Brands grew 4.9% YoY, offsetting a 7.4% decline in Agency Brands due to a terminated account.

• Excluding the Agency Brand termination, consolidated Net Sales would have increased 6.2% YoY.

Financial highlights

• FY2025 Gross Profit Margin was 26.5%.

• EBITDA for FY2025 was US$59.2M (down 1.9% YoY).

• Net cash generated from operations was US$78.1M, up US$25.6M from FY2024.

• Final dividend declared at 1.72 US cents/share, total payout for FY2025 at 2.72 US cents/share (50% payout ratio).

Outlook and guidance

• Cocoa market is expected to stabilize, but macroeconomic uncertainty in Indonesia remains.

• Strategic focus for 2026 includes reinforcing market leadership, investing in core brands, product innovation, and expanding sales reach.

• Emphasis on operational efficiency and financial discipline to adapt to changing conditions.