Fodelia (FODELIA) Q2 2026 earnings summary

Executive summary

• Net sales/revenue increased by 7% year-over-year in H1 2026 to €28.9 million, with operating profit/EBIT improving to €1.3 million from €1.0 million in H1 2025.

• Growth was primarily driven by the Feelia segment, despite a significant decline in sales to a major event customer.

• Adjusted EBITA for H1 2026 was €1.6 million (5.4% of revenue), up from €1.3 million (4.7%).

• The Oikiaruoka.fi business was divested, and Feelia will exit its frozen food business in Kokkola.

• Production investments temporarily weighed on Feelia's profitability, while Oikia's profitability improved.

Financial highlights

• H1 2026 net sales/revenue reached €28.9 million, up from €27.0 million in H1 2025 (+7.0%).

• H1 2026 operating profit was €1.3 million (4.7% margin), up from €1.0 million (3.6%) in H1 2025.

• Adjusted earnings per share for H1 2026 were €0.12, compared to €0.08 in H1 2025.

• H1 2026 adjusted net profit was €0.95 million (3.3% margin), up 50% year-over-year.

• Equity ratio at period end was 52.4%; net gearing increased to 34.5%.

Outlook and guidance

• 2026 net sales/revenue are estimated at €59–65 million, with operating profit/EBIT expected to improve significantly.

• Long-term targets: annual net sales/revenue growth of 15–20% and operating profit/EBIT margin above 10% by 2028.

• Guidance assumes continued demand for cost-efficient meal solutions and growth in both Feelia and Oikia segments.