HKFoods (HKSAV) Q2 2026 earnings summary

Executive summary

• Net sales from continuing operations grew by 5.3% year-over-year in Q2 2026 and by 4.6% to EUR 501.2 million for H1 2026, with growth across all sales channels except exports.

• Comparable EBIT increased by 21.1% to EUR 13.5 million in H1 2026, driven by retail and food service sales and efficiency measures.

• Profit for the period improved to EUR 5.9 million, but cash flow from operating activities declined to EUR 6.0 million due to changes in working capital.

• Dividend of EUR 0.08 per share for 2025 was paid in May 2026.

• The company advanced its responsibility programme, receiving recognition for sustainability and nutrition commitments.

Financial highlights

• Q2 2026 net sales: €258.7M (Q2 2025: €245.7M); H1 2026 net sales: €501.2M (H1 2025: €479.4M).

• Q2 2026 comparable EBIT: €7.7M (Q2 2025: €6.5M); H1 2026 comparable EBIT: €13.5M (H1 2025: €11.1M).

• Q2 2026 profit for the period: €3.1M (Q2 2025: €2.0M); H1 2026 profit: €5.9M (H1 2025: €2.8M).

• Q2 2026 EPS: €0.01; H1 2026 EPS: €0.04 (undiluted).

• Cash flow from operating activities in H1 2026: €6.0M (H1 2025: €16.6M); cash flow after investing activities: €-4.1M.

Outlook and guidance

• Outlook for 2026 remains unchanged; comparable EBIT expected to grow compared to 2025.

• Most comparable EBIT is expected in the second half of the year due to seasonality.

• Cost pressures from oil prices and logistics are expected to persist in H2 2026.