Nomad Foods Ltd · Q4 2025 earnings

Briefing

Nomad Foods Q4 2025: €773M revenue (-2.6%), adjusted EPS €0.43 (+2.4%)

Nomad Foods reported fourth-quarter and full-year 2025 results with Q4 reported revenue of €773 million, down 2.6% year over year, and organic revenue down 1.3%. Q4 adjusted EPS rose 2.4% to €0.43 despite a reported loss per share of €0.07, which included €57 million of net-of-tax losses from debt refinancing. Adjusted EBITDA was €131 million (-4.7%) in the quarter. Full-year revenue was €3.0 billion with organic revenue down 1.9%; adjusted EPS for the year was €1.66 and adjusted free cash flow conversion reached 73%. New CEO Dominic Brisby highlighted moderated organic declines, accelerating retail sell-out (+0.7% in Q4), and a productivity program delivering multi-year high COGS savings. For 2026, management expects organic revenue to decline 2%–5% and adjusted EPS of €1.45–€1.60.

• Q4 reported revenue fell 2.6% to €773 million; organic revenue declined 1.3% with volumes down 1.1%.
• Q4 adjusted EPS increased 2.4% to €0.43; reported EPS was a €0.07 loss due to €57M debt refinancing charge.
• Q4 adjusted EBITDA was €131 million (-4.7%); retail sell-out accelerated to +0.7% year on year in the quarter.
• Full-year revenue was €3.0 billion with adjusted EPS of €1.66; the company returned €287 million to shareholders via dividends and buybacks.
• 2026 guidance: organic revenue down 2%–5%, adjusted EBITDA down 5%–10%, adjusted EPS €1.45–€1.60.

Headline financials

Revenue & EPS history

For full-year 2026, Nomad Foods expects organic revenue to decline 2%–5%, adjusted EBITDA to decline 5%–10%, and adjusted EPS of €1.45–€1.60 ($1.71–$1.89 at Feb 19 FX), with adjusted free cash flow conversion of 90% or greater.