Lotus Bakeries
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Lotus Bakeries (LOTB) investor relations material

Lotus Bakeries H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary7 Aug, 2026

Executive summary

  • Revenue reached €749.1 million for HY1 2026, up 14% year-over-year, driven by strong demand for Biscoff® and Natural Foods.

  • Biscoff® volume and revenue grew over 20%, with broad-based growth across continents and strong US performance.

  • Net result increased by 23.5% to €98.1 million compared to the same period last year.

  • The Thailand (Chonburi) plant is fully operational and exceeding expectations, supporting global capacity.

  • Largest-ever Biscoff® investment program announced, with at least €500 million planned across US, Thailand, and Belgium from 2026–2030.

Financial highlights

  • EBITDA (u) was €156.3 million, representing 20.9% of revenue, up from 19.7% in HY1 2025.

  • Underlying EBIT (u) rose 19.4% to €131 million, with operating margin improving to 17.5%.

  • EPS increased to €13.1, up from €12.1 in HY1 2025; EPS up 23.5% to €121 per share.

  • Underlying net result reached €98.7 million, up 18.5% year-over-year.

  • Net financial debt reduced to 0.3x EBITDA (u), down from 0.6x in June 2025.

Outlook and guidance

  • Capex for 2026–2027 expected to exceed €250 million, supporting global Biscoff® expansion.

  • Foreign exchange headwinds anticipated to ease in H2 2026; ongoing cost pressures from geopolitical and climate risks may persist into 2027.

  • Confident in long-term growth potential, supported by strong brands, balance sheet, and continued investments.

Brazil business plan based on the India model
Managing Biscoff capacity through 2028 expansion
Drivers of Natural Foods growth outside the UK
Mondelēz partnership model for Brazil expansion
Phasing of the EUR 500m Biscoff expansion plan
EBIT(u) margin drivers despite Thailand costs
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H2 20265 Feb, 2027
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