Ebro Foods (EBRO) Q1 2025 earnings summary

Executive summary

• Q1 2025 earnings reflect positive momentum and successful focus on value-added products, with record adjusted EBITDA and strengthened global leadership through innovation and brand strength.

• Recovery in Spanish sowing due to rainfall has eased procurement costs, supporting operational efficiency.

• Investments in microwave products, instant rice, and gnocchi are contributing to growth and improved yields.

Financial highlights

• Adjusted EBITDA reached €112.1 million, up 2.2% year-over-year, setting a new record.

• Net Turnover was €791.9 million, down 1.8% year-over-year due to deflation and reduced industrial activity.

• Net Profit was €50.3 million, down 6.4% year-over-year, impacted by exchange rates and higher interest after debt refinancing.

• Net Debt stands at €599.3 million following €29.9 million in CAPEX and increased working capital from strategic raw material positions.

Outlook and guidance

• Continued focus on value-added products and industrial efficiency is expected to drive further growth.

• Ongoing investments in production capacity and innovation support long-term leadership.