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Nomad Foods Financial Update for Q3 2025

Financial Overview
Nomad Foods Limited (NYSE: NOMD) has released its financial performance for the quarter ending September 30, 2025. The results show a 2.2% decrease in revenue, declining to €752 million, compared to the same period last year. Additionally, organic revenue fell by 1.6% due mainly to a volume drop of 0.5% and an overall price/mix reduction of 1.1%. The adjusted gross profit also saw a significant decline of 14.7%, resulting in revenues of €212 million.

CEO Insights and Market Challenges
During a press briefing, CEO Stéfan Descheemaeker acknowledged that the quarterly outcomes met their expectations despite various external pressures. He noted that weather-related factors in July and a soft UK market adversely impacted performance, overshadowing gains in their growth platforms. However, Descheemaeker expressed optimism as the summer’s challenges seemed temporary, and improvements were noted as the quarter concluded. There has been a rebound in retail sell-through growth in the UK, indicating a stabilizing business environment.

Strategic Initiatives
Looking ahead, Nomad Foods plans to bolster innovation and renovation initiatives, along with a communicated price increase strategy for 2026. The ongoing efficiency program introduced in September aims to enhance performance amid fluctuating market conditions. In this context, Descheemaeker emphasized the importance of maintaining momentum and achieving operational efficiency.

Financial Performance Metrics
For the third quarter, adjusted EBITDA decreased by 14.2%, totaling €143 million, with adjusted earnings per share dropping by 10.9% to €0.49, reflecting the reduced profitability against a backdrop of fewer shares. The first nine months of 2025 mirrored similar trends, with overall revenue down 2.0% to €2,259 million. This was attributed to a 2.1% decline in organic revenue along with volume contractions and a slight decline in pricing/mix.

Future Outlook and Leadership Transition
Co-Chairman Noam Gottesman reassured stakeholders of the company’s potential, despite the hurdles faced during the fiscal year. He highlighted efforts in enhancing brand strategies through new advertising campaigns and efficiencies aimed at financial flexibility. With the introduction of a new CEO, Dominic Brisby, in 2026, excitement is building around revitalizing Nomad Foods’ growth framework. Gottesman remains convinced that the current equity market undervalues Nomad Foods and is eager to see improvements and value unlocking under Brisby’s leadership.

Investor Relations and Upcoming Events
Nomad Foods reinforced its commitment to transparency, hosting a live Q&A session on November 6, 2025, to discuss these results further. Stakeholders are encouraged to access the company’s website for a pre-recorded management discussion alongside the financial metrics. Additionally, Nomad Foods is maintaining its adjusted free cash flow guidance of 90% or higher for the year, highlighting its focus on operational effectiveness.

As 2025 wraps up, Nomad Foods stands at a crucial juncture, showcasing resilience in addressing market challenges while exploring avenues for recovery and growth.