Hilton Food Group (HFG) investor relations material

Trading performance

• Core meat and fresh prepared food businesses delivered good results, with positive momentum in Australia, New Zealand, and Central Europe.

• West region saw slightly higher volumes year-on-year, supported by strong Easter trading.

• Seafood, vegetarian, and vegan segments remain challenged, but performance improvements and cost reductions are underway.

• Foppen began sea exports to the US, awaiting FDA feedback on Greek facility export restrictions.

• Efforts continue to increase volume and utilize spare capacity at Dalco.

Commercial and project progress

• Commercial partnership with Tesco in the UK has been extended.

• Canadian capital project is on track for a 2027 launch, now including bacon in its scope.

• Saudi Arabia facility expected to start operations in H2 2026.

• Plans are being finalized to expand capacity in Poland for fresh prepared foods growth.

2026 outlook and financial guidance

• Full-year adjusted profit before tax expected in the £60m–£65m range.

• Capital expenditure forecasted at around £100m, with net debt set to rise over the year.

• Cautious stance maintained due to inflation and Middle East risks, but confidence in short- and long-term prospects remains.

• Interim results for the first 26 weeks of 2026 will be announced on 3 September 2026.