Fodelia (FODELIA) Q3 2026 earnings summary

Executive summary

• Q3 reported revenue rose 9.3% to €14.8m; comparable revenue increased 13.3%, led by Feelia.

• Q3 operating profit was €0.8m versus €0.8m, while operating margin eased to 5.7% from 6.1%.

• 9M revenue increased 7.8% to €43.7m; operating profit rose to €2.2m from €1.8m.

Financial highlights

• Q3 EBITA was €0.9m versus €0.9m; adjusted EBITA margin was 6.1% versus 6.6%.

• 9M adjusted EBITA rose 13.4% to €2.5m; reported EBITA increased 19.5% to €2.4m.

• 9M adjusted net income increased 30.0% to €1.6m; reported net income fell 34.2% to €0.7m, including an associate loss share.

• 9M reported EPS was €0.08 versus €0.12; adjusted EPS was €0.19 versus €0.20.

Outlook and guidance

• FY2026 revenue guidance narrowed to €59–61m from €59–65m; operating profit is expected to improve significantly YoY.

• Long-term targets: annual revenue growth of 15–20%, €100m revenue by end-2030 and operating margin above 10% in 2028.

• Guidance reflects continued Feelia growth, new customer deliveries starting late in the year, cost-efficient meal demand, and expected Oikia own-brand growth and profitability improvement.

• New Oikia contract-manufacturing agreements are expected to support revenue growth in 2027.