LDC SA (LOUP) H2 25/26 earnings summary

Executive summary

• Revenue reached €7,283.2m in FY 2025/26, up 15.2% year-over-year, with EBITDA at €719.7m (+40.4%).

• Net profit group share was €321.5m (+32%), and current operating income rose 34.5% to €427.0m.

• All divisions contributed to growth, with strong performances in International (+47.2% revenue), Convenience Food (+19.7%), and Poultry (+7.3%).

• The group exceeded its 2026/27 strategic plan targets a year early and launched a new plan aiming for €10bn revenue by 2030/31.

Financial highlights

• Revenue: €7,283.2m (+15.2% year-over-year).

• EBITDA: €719.7m (9.9% margin, +40.4%).

• Current operating income: €427.0m (5.9% margin, +34.5%).

• Net profit group share: €321.5m (+32%).

• Cash flow from operations: €618.6m (+33.7%).

• Net cash: €178.7m at year-end.

• Dividend per share: €2.25 (+45%).

• Investments: €347m.

Outlook and guidance

• FY 2026/27 revenue target: €7.7bn, current operating margin above 5.5%.

• New five-year plan targets €10bn revenue and €550m current operating income by 2030/31.

• Planned capex for 2026/27: €417m, focused on capacity expansion and modernization.

• Ongoing vigilance due to geopolitical risks, input cost volatility, and avian influenza.