Food Empire Holdings (F03) investor relations material

Executive summary

• 1H2026 revenue reached a record US$315.073m, up 15.0% YoY; NPAT rose 12.2% to US$35.348m on a normalized 1H2025 basis of US$31.498m.

• Broad-based growth across all geographic segments was supported by brand investment and capacity expansion.

• Management expects a sixth consecutive record full-year performance, barring unforeseen circumstances.

Financial highlights

• Gross profit rose 15.3% to US$104.0m; operating profit increased 10.2% to US$47.131m and EBITDA grew 12.7% to US$58.831m.

• Profit before tax was US$46.3m versus US$9.7m reported in 1H2025; excluding the US$32.6m REN fair-value loss, 1H2025 PBT was US$42.3m, up 9.6% YoY.

• Basic EPS was US5.36 cents versus normalized and restated 1H2025 EPS of US4.88 cents; diluted EPS was US5.02 cents versus US4.67 cents.

Outlook and guidance

• Resilient consumer demand, brand engagement and capacity expansion underpin the strong FY2026 outlook.

• Khorgos coffee-mix facility began operations in early 2026 and is expected to contribute positively from 2H2026.

• India spray-dried facility expansion is targeted for end-2027 completion; Vietnam freeze-dried facility is expected by 2028.