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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Renewi
Renewi (RWI) investor relations material
Renewi has been delisted
Renewi Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary13 Feb, 2025
Executive summary
Revenue grew 4.2% year-over-year to €1,307.8m for the nine months ending 31 December 2024, driven by higher volumes in Specialities and increased inbound prices in Commercial Waste.
Underlying EBIT rose 8.4% year-over-year to €77.6m, supported by strong performance in Mineralz & Water and Specialities, and lower SG&A costs.
Successful completion of the sale of UK Municipal operations to Biffa Limited on 10 October 2024.
Financial highlights
Core net debt increased to €507.2m (from €368.1m in March 2024), with net debt to EBITDA at 2.87x, reflecting the UK Municipal disposal financing.
Group expects to deleverage by 0.4-0.5x per annum to reach 2x net debt/EBITDA over the medium term.
Outlook and guidance
Full-year revenue expected to be in line with previous expectations, with positive growth momentum entering the final quarter.
Ongoing productivity and cost initiatives aim to offset persistent cost and market headwinds in Q4.
Medium-term targets include high single-digit underlying EBIT margin and organic annual revenue growth above 5%.
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Frequently asked questions
Renewi plc provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialties segments. It offers integrated infrastructure solutions to the waste management sector in Poland and South East Europe. Renewi plc was founded in 1880 and is headquartered in Milton Keynes, the United Kingdom.