HKFoods (HKSAV) Q3 2026 earnings summary

Executive summary

• Q3 continuing-operations net sales rose 3.2% YoY to €255.1m; comparable EBIT increased 5.3% to €12.4m, or 4.9% of sales.

• 9M net sales grew 4.1% to €756.3m and comparable EBIT rose 13.0% to €25.9m; 2026 comparable EBIT is expected to grow YoY, with outlook unchanged.

• Continuing-operations profit was €16.8m in Q3 and €22.7m in 9M; the improvement mainly reflected an €11.2m non-cash refinancing gain.

Financial highlights

• Q3 EBITDA was €19.5m vs €18.5m; reported EBIT was €12.3m vs €10.9m, and EBIT margin rose to 4.8% from 4.4%.

• Q3 EPS was €0.17 vs €0.06 and comparable EPS €0.17 vs €0.07; 9M continuing-operations EPS was €0.20 vs €0.06 and comparable EPS €0.21 vs €0.07.

• 9M EBITDA was €47.0m vs €43.9m and reported EBIT €24.9m vs €21.8m; gross profit was €66.2m vs €61.7m.

• Operating cash flow, including discontinued operations, was -€0.5m in Q3 and €5.5m in 9M vs €6.4m and €23.0m; 9M cash flow after investing was -€9.9m vs €14.0m.

Outlook and guidance

• 2026 comparable EBIT is expected to grow compared with 2025; outlook is unchanged from 13 February 2026.

• Strategic priorities include profitable growth in poultry, meals and meal components, efficiency, operational excellence and sustainable value-chain development.