Spadel (SPA) investor relations material

Executive summary

• Achieved strong earnings growth in 2025, with substantial increases in sales volumes, turnover, and operating profit across all markets.

• Local brands gained market share, outperforming the overall market in the natural mineral and spring water category.

• Continued focus on innovation, new product launches, and sustainability initiatives.

Financial highlights

• Net turnover rose 11.8% year-over-year to €399.5 million, driven by an 8.2% increase in volumes sold.

• Operating profit (EBIT) increased by 26.6% to €61.7 million; EBITDA up 20.2% to €85.8 million.

• Net profit grew 24.7% to €51.2 million; operating result per share €14.87, net profit per share €9.89.

• Gross dividend proposed at €4.00 per share, up 25% from the previous year.

• Cash and cash equivalents at year-end totaled €173.1 million, with no financial debt.

Outlook and guidance

• Plans to continue growth in 2026, supported by an €80 million investment plan (2025–2027) focused on industrial site upgrades.

• New production line at Spa to address rising demand in Benelux; continued innovation and product launches expected.

• Anticipates ongoing cost increases due to inflation, taxes, and supply chain pressures.