HKFoods (HKSAV) Q3 2025 earnings summary

Executive summary

• Comparable EBIT grew for the eleventh consecutive quarter, with improved profitability despite a slight decline in net sales year-over-year.

• Sales to Finnish retail and food service channels increased, while industrial sales and exports decreased as planned, improving the sales structure.

• Market position in meat products, especially poultry and pork, strengthened.

• Strategic investments in production units at Vantaa and Eura, and efficiency programs, supported growth in meals and ready-to-eat products.

• Updated strategy and long-term financial targets were introduced, focusing on profitable and sustainable growth in poultry, meals, and meal components.

Financial highlights

• Q3/2025 net sales from continuing operations were €247.1M, down 1.8% year-over-year; January–September 2025 net sales were €726.5M, down 1.2% year-over-year.

• Comparable EBIT for Q3/2025 was €11.8M (margin 4.8%), and for January–September 2025 was €22.9M (3.2% of net sales), both up year-over-year.

• EBITDA for Q3/2025 was €18.5M, and for January–September 2025 was €43.9M, both slightly up year-over-year.

• Profit for the period was €7.4M for Q3/2025 and €10.2M for January–September 2025, both up year-over-year.

• Cash flow from operating activities was €6.4M for Q3/2025 and €23.0M for January–September 2025.

Outlook and guidance

• Outlook for 2025 remains unchanged; comparable EBIT is expected to grow compared to 2024.

• Long-term financial targets raised: EBIT over 5% of net sales, net gearing below 80%, and dividend payout over 50% of net profit.