Nomad Foods Limited (NOMD)

Nomad Foods Reports First Quarter 2026 Financial ResultsMay 7, 2026 6:45 AM
Business Wire Management reiterated full year Organic Sales and Adjusted EBITDA guidance while raising its Adjusted EPS outlook Meaningful progress towards reshaping the organization and recruiting top-tier talent during the quarter Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month periods ended March 31, 2026. Key operating metrics and financial performance for the first quarter 2026, when compared to the first quarter 2025, include: Reported Revenue decreased 5.9% to €715 million; Organic revenue declined 5.3% with a volume decline of 4.4% Gross margin contracted 210 bps Profit decreased 12% to €29 million, Adjusted EBITDA decreased 22.9% to €93 million Reported Diluted EPS decreased 5.0% to €0.20; Adjusted EPS decreased 34.3% to €0.23 Management Comments Dominic Brisby, Nomad Foods’ Chief Executive Officer, stated, "We made meaningful progress strengthening our foundation while delivering healthy Adjusted Free Cash Flow in the first quarter. Since the beginning of the year, we have successfully secured our planned level of price increases, realigned order patterns by eliminating inefficient quarter-end sales incentives, and reshaped the organization while recruiting top-tier talent. During the quarter we announced two new Regional Presidents reporting directly to me and earlier today we announced a new Chief Marketing Officer. Over the past several months, we have also conducted a comprehensive review of our growth opportunities, and I am increasingly excited about Nomad Foods’ potential to deliver accelerating growth and create long-term shareholder value. We look forward to outlining the strategy underpinning this optimism at our Analyst and Investor Day in New York City this fall." Noam Gottesman, Nomad Foods’ Co-Chairman and Founder, commented, “I am very encouraged by the pace and decisiveness with which Dominic and his team are strengthening the foundation for growth at Nomad Foods. Our market advantages are increasingly evident, with accelerating category growth and resilient demand for our brands during the quarter. I am confident the company is positioned to deliver a step-change in growth as the new leadership team transforms the culture and advances its expansion initiatives. I believe investors will share my enthusiasm for Nomad Foods’ potential when we outline these plans later this year." First Quarter 2026 results compared to First Quarter of 2025 Revenue decreased 5.9% to €715 million. Organic revenue decreased by 5.3% and was driven by a volume decline of 4.4% and price/mix decline of 0.9%, driven by unfavorable mix. Gross profit decreased 13.2% to €184 million. Gross margin decreased 210 basis points to 25.7% due primarily to supply chain inflation headwinds and the timing of price increases. Adjusted operating expenses decreased 0.2% to €115 million. Adjusted EBITDA decreased 22.9% to €93 million due to the aforementioned factors and Adjusted Profit for the period decreased 40% to €32 million. Adjusted EPS decreased by €0.12 to €0.23 reflecting the decrease in Adjusted Profit for the period and fewer shares outstanding. Reported Diluted EPS decreased €0.01 to €0.20. 2026 Guidance
For the full year 2026, the Company continues to expect organic revenue to decline by 2%-5% and Adjusted EBITDA to decline by 5%-10%. Adjusted EPS is now expected to be €1.47-€1.62, versus prior guidance of €1.45-€1.60, due to incremental share repurchase activity during the first quarter. Based on USD/EUR exchange rate as of April 30, 2026, this translates into 2026 Adjusted EPS of $1.72-$1.90. The Company also continues to expect full year Adjusted Free Cash Flow conversion of 90% or greater. Conference Call and Webcast
A pre-recorded management discussion of Nomad Foods' first quarter 2026 earnings and accompanying presentation is available at www.nomadfoods.com under Investor Relations. The Company will host a live question-and-answer session to discuss these results today, Thursday, May 7, 2026 at 1:30 p.m. BST (8:30 a.m. Eastern Standard Time). To participate on the live call listeners in North America may dial +1-877-451-6152 and international listeners may dial +1-201-389-0879. The call is also being webcast and can be accessed at the Nomad Foods website at www.nomadfoods.com under Investor Relations. A replay of the conference call will be available on the Company website for two weeks following the event and can be accessed by listeners in North America by dialing +1-844-512-2921 and by international listeners by dialing +1-412-317-6671; the replay pin number is 13759816. About Nomad Foods
Nomad Foods (NYSE: NOMD) is Europe’s leading frozen food company. The Company’s portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers’ meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com. Non-IFRS Financial Information
Nomad Foods is presenting Adjusted and Organic financial information, which is considered non-IFRS financial information, for the three months ended March 31, 2026 and for comparative purposes, the three months ended March 31, 2025. Adjusted financial information for the three months ended March 31, 2026 and 2025 presented in this press release reflects the historical reported financial statements of Nomad Foods, adjusted primarily for, when they occur, share based payment expenses and related employer payroll taxes, non-operating M&A related costs, acquisition purchase price adjustments, exceptional items and foreign currency translation charges/gains. Adjusted EBITDA is profit or loss for the period before taxation, net financing costs, depreciation and amortization, adjusted to exclude, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges and other unusual or non-recurring items. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EBITDA provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis. Adjusted EBITDA should not be considered as an alternative to profit/(loss) for the period, determined in accordance with IFRS, as an indicator of the Company’s operating performance. Adjusted Profit for the period is defined as profit for the period excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, net financing income/(cost) on amendment of terms of debt, interest cost on tax relating to legacy tax audits, foreign exchange translation gains/(losses), foreign exchange gains/(losses) on derivatives, hedge ineffectiveness on cross currency and interest rate swaps, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted Profit for the period provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis. Adjusted EPS is defined as diluted earnings per share excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, net financing income/(cost) on amendment of terms of debt, interest cost on tax relating to legacy tax audits, foreign exchange translation gains/(losses), foreign exchange gains/(losses) on derivatives, certain one-time credits on the recognition of deferred tax assets, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EPS provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis. Organic revenue growth/(decline) is an adjusted measurement of our operating results. The comparison for the three months ended March 31, 2026 and 2025 presented in this press release takes into consideration only those activities that were in effect during both time periods. Organic revenue growth/(decline) reflects reported revenue adjusted for currency translation and non-comparable trading items such as expansion, acquisitions, disposals, closures, trading day impacts or any other event that artificially impacts the comparability of our results period over period. Adjustments for currency translation are calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process. Adjusted Free Cash Flow is the amount of cash generated from operating activities less cash flows related to exceptional items (as described above), non-operating M&A related costs and working capital movements on employer taxes associated with share based payment awards, plus capital expenditure (on property, plant and equipment and intangible assets), net interest paid, proceeds/(payments) on settlement of derivatives where hedge accounting is not applied and payments of lease liabilities. Adjusted free cash flow reflects cash flows that could be used for payment of dividends, repayment of debt or to fund acquisitions or other strategic objectives. Adjusted Free Cash flow conversion is Adjusted Free Cash Flow as a percentage of Adjusted Profit for the period. Adjusted and Organic non-IFRS financial information should be read in conjunction with the unaudited financial statements of Nomad Foods included in this press release as well as the historical financial statements of the Company previously filed with the SEC. Nomad Foods believe its non-IFRS financial measures provide an important additional measure with which to monitor and evaluate the Company’s ongoing financial results, as well as to reflect its acquisitions. Nomad Foods’ calculation of these financial measures may be different from the calculations used by other companies and comparability may therefore be limited. The Adjusted and Organic financial information presented herein is based upon certain assumptions that Nomad Foods believes to be reasonable and is presented for informational purposes only and is not necessarily indicative of any anticipated financial position or future results of operations that the Company will experience. You should not consider the Company’s non-IFRS financial measures an alternative or substitute for the Company’s reported results and are cautioned not to place undue reliance on these results and information as they may not be representative of our actual or future results as a Company. Please see on pages 7 to 10, the non-IFRS reconciliation tables attached hereto and the schedules accompanying this release for an explanation and reconciliation of the Adjusted and Organic financial information to the most directly comparable IFRS measure. The Company is unable to reconcile, without unreasonable efforts, Organic Growth, Adjusted EBITDA and Adjusted EPS guidance to the most directly comparable IFRS measure. Nomad Foods Limited As Reported Condensed Consolidated Interim Statements of Profit or Loss (unaudited) Three months ended March 31, 2026 and March 31, 2025     Three months ended
March 31, 2026   Three months ended
March 31, 2025   €m   €m Revenue 715.2     760.1   Cost of sales (531.6 )   (548.5 ) Gross profit 183.6     211.6   Other operating expenses (117.0 )   (120.7 ) Exceptional items (9.9 )   (17.1 ) Operating profit 56.7     73.8   Finance income 7.5     1.5   Finance costs (28.9 )   (35.6 ) Net financing costs (21.4 )   (34.1 ) Profit before tax 35.3     39.7   Taxation (6.4 )   (7.0 ) Profit for the period 28.9     32.7           Basic and diluted earnings per share in € 0.20     0.21   Nomad Foods Limited As Reported Condensed Consolidated Interim Statements of Financial Position As at March 31, 2026 (unaudited) and December 31, 2025 (audited)     As at March 31, 2026   As at December 31, 2025   €m   €m Non-current assets       Goodwill 2,105.0     2,104.7   Intangible assets 2,462.1     2,463.8   Property, plant and equipment 592.0     595.2   Other non-current assets 7.4     7.0   Derivative financial instruments 3.3     0.4   Deferred tax assets 15.3     17.1   Total non-current assets 5,185.1     5,188.2   Current assets       Cash and cash equivalents 282.5     324.8   Inventories 443.2     440.6   Trade and other receivables 398.1     350.8   Current tax receivable 25.3     26.1   Derivative financial instruments 5.0     4.5   Total current assets 1,154.1     1,146.8   Total assets 6,339.2     6,335.0   Current liabilities       Trade and other payables 817.5     794.9   Current tax payable 190.4     193.4   Provisions 27.9     27.6   Loans and borrowings 35.2     32.6   Derivative financial instruments 13.3     19.4   Total current liabilities 1,084.3     1,067.9   Non-current liabilities       Loans and borrowings 2,266.1     2,258.6   Employee benefits 137.4     138.4   Other non-current liabilities 0.4     0.4   Provisions 1.3     1.4   Derivative financial instruments 91.5     112.2   Deferred tax liabilities 259.9     259.3   Total non-current liabilities 2,756.6     2,770.3   Total liabilities 3,840.9     3,838.2   Net assets 2,498.3     2,496.8   Equity attributable to equity holders       Share capital and capital reserve 1,110.6     1,134.3   Share-based compensation reserve 18.3     16.9   Translation reserve 103.2     102.4   Other reserves (0.1 )   (12.9 ) Retained earnings 1,266.3     1,256.1   Total equity 2,498.3     2,496.8   Nomad Foods Limited As Reported Condensed Consolidated Interim Statements of Cash Flows (unaudited) For the three months ended March 31, 2026 and the three months ended March 31, 2025     For the three months
ended March 31, 2026   For the three months
ended March 31, 2025   €m   €m Cash flows from operating activities       Profit for the period 28.9     32.7   Adjustments for:       Exceptional items 9.9     17.1   Share based payment expense 1.6     3.6   Depreciation and amortization 24.3     24.0   Loss on disposal and impairment of property, plant and equipment 1.0     0.3   Net finance costs 21.4     34.1   Other operating cash flow adjustments —     0.5   Taxation 6.4     7.0   Operating cash flow before changes in working capital, provisions and exceptional items 93.5     119.3   Increase in inventories (4.0 )   (23.4 ) Increase in trade and other receivables (47.1 )   (51.9 ) Increase in trade and other payables 18.7     32.3   (Decrease)/increase in employee benefits and other provisions (1.8 )   0.6   Cash generated from operations before tax and exceptional items 59.3     76.9   Payments relating to exceptional items (12.1 )   (14.4 ) Tax paid (8.9 )   (11.9 ) Net cash generated from operating activities 38.3     50.6   Cash flows from investing activities       Purchase of property, plant and equipment and intangibles (21.0 )   (18.7 ) Interest received 1.0     1.2   Net cash used in investing activities (20.0 )   (17.5 ) Cash flows from financing activities       Repurchase of ordinary shares (23.7 )   (48.9 ) Payments related to shares withheld for taxes (0.2 )   —   Payment of lease liabilities (8.1 )   (8.2 ) Dividends paid (20.6 )   (25.3 ) Payment of financing fees (0.5 )   —   Interest paid (10.8 )   (28.1 ) Net cash used in financing activities (63.9 )   (110.5 ) Net decrease in cash and cash equivalents (45.6 )   (77.4 ) Cash and cash equivalents at beginning of period 324.8     403.3   Effect of exchange rate fluctuations 3.3     3.9   Cash and cash equivalents at end of period 282.5     329.8   Nomad Foods Limited Reconciliation of Non-IFRS Financial Measures
(In € millions, except per share data) The following table reconciles adjusted financial information for the three months ended March 31, 2026 to the reported results of Nomad Foods for such period. Statement of Profit or Loss (unaudited), as adjusted Three Months Ended March 31, 2026   € in millions, except per share data As reported for the three months ended March 31, 2026   Adjustments       As adjusted for the three months ended March 31, 2026 Revenue 715.2     —         715.2   Cost of sales (531.6 )   —         (531.6 ) Gross profit 183.6     —         183.6   Other operating expenses (117.0 )   1.7     (a)   (115.3 ) Exceptional items (9.9 )   9.9     (b)   —   Operating profit 56.7     11.6         68.3   Finance income 7.5     (6.8 )       0.7   Finance costs (28.9 )   —         (28.9 ) Net financing costs (21.4 )   (6.8 )   (c)   (28.2 ) Profit before tax 35.3     4.8         40.1   Taxation (6.4 )   (1.4 )   (d)   (7.8 ) Profit for the period 28.9     3.4         32.3                   Weighted average shares outstanding in millions - basic 141.8             141.8   Basic earnings per share 0.20             0.23   Weighted average shares outstanding in millions - diluted 142.0             142.0   Diluted earnings per share 0.20             0.23   (a)   Represents share based payment charge including employer payroll taxes of €1.4 million and non-operating M&A transaction costs of €0.3 million. (b)   Represents exceptional items which management believes are non-recurring and do not have a continuing impact. See Note 5, Exceptional items, within ‘Exhibit 99.2 - Condensed Consolidated Interim Financial Statements’ for a detailed list of exceptional items. (c)   Represents elimination of €2.6 million of foreign exchange translation gains and €4.2 million of hedge ineffectiveness gains on cross currency and interest rate swaps. (d)   Represents tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued) The following table reconciles adjusted financial information for the three months ended March 31, 2025 to the reported results of Nomad Foods for such period. Statement of Profit or Loss (unaudited), as adjusted Three Months Ended March 31, 2025   € in millions, except per share data As reported for the three months ended March 31, 2025   Adjustments       As adjusted for the three months ended March 31, 2025 Revenue 760.1     —         760.1   Cost of sales (548.5 )   —         (548.5 ) Gross profit 211.6     —         211.6   Other operating expenses (120.7 )   5.2     (a)   (115.5 ) Exceptional items (17.1 )   17.1     (b)   —   Operating profit 73.8     22.3         96.1   Finance income 1.5     —         1.5   Finance costs (35.6 )   4.6         (31.0 ) Net financing costs (34.1 )   4.6     (c)   (29.5 ) Profit before tax 39.7     26.9         66.6   Taxation (7.0 )   (6.0 )   (d)   (13.0 ) Profit for the period 32.7     20.9         53.6                   Weighted average shares outstanding in millions - basic 154.6             154.6   Basic earnings per share 0.21             0.35   Weighted average shares outstanding in millions - diluted 154.8             154.8   Diluted earnings per share 0.21             0.35   (a)   Represents share based payment charge including employer payroll taxes of €4.9 million and non-operating M&A transaction costs of €0.3 million. (b)   Represents exceptional items which management believes are non-recurring and do not have a continuing impact. See Note 5, Exceptional items, within ‘Exhibit 99.2 - Condensed Consolidated Interim Financial Statements’ for a detailed list of exceptional items. (c)   Elimination of €4.6 million of foreign exchange translation losses. (d)   Represents tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued) The following table reconciles Adjusted EBITDA to the reported results of Nomad Foods for each period. Adjusted EBITDA (unaudited)       Three months ended € in millions   March 31, 2026   March 31, 2025 Profit for the period   28.9     32.7   Taxation   6.4     7.0   Net financing costs   21.4     34.1   Depreciation & amortization   24.3     24.0   Exceptional items (a)   9.9     17.1   Other add-backs (b)   1.7     5.2   Adjusted EBITDA   92.6     120.1             Revenue   715.2     760.1   Adjusted EBITDA margin (c)   12.9 %   15.8 % (a)   Adjustment to add back exceptional items. See Note 5, Exceptional items, within ‘Exhibit 99.2 - Condensed Consolidated Interim Financial Statements’ for a detailed list of exceptional items. (b)   Represents the elimination of share-based payment charges including employer payroll taxes for the three month period to March 31, 2026 of €1.4 million (2025: €4.9 million), as well as the elimination of non-operating M&A transaction costs for the three month period to March 31, 2026 of €0.3 million (2025: €0.3 million). We exclude these costs because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. (c)   Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by Revenue. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation from reported to organic revenue growth/(decline) The following table is a reconciliation of reported revenue growth to Organic Revenue Growth for the three month period ended March 31, 2026. Year on Year Growth - March 31, 2026 compared with March 31, 2025:     Three months ended
March 31, 2026   YoY change Reported Revenue Growth (5.9 )%     Of which:   Organic Revenue Growth (5.3 )% Translational FX (a) (0.6 )% Total (5.9 )% (a)   Translational FX is calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process. Forward-Looking Statements Forward-Looking Statements and Disclaimers Certain statements in this announcement are forward-looking statements which are based on the Company’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including the Company’s expectations regarding (i) its future operating and financial performance, including its 2026 guidance with respect to organic revenue growth, Adjusted EBITDA growth, adjusted free cash flow conversion, Adjusted EPS, and Adjusted EPS growth; (ii) its growth and efficiency initiatives, including with respect to its innovation and renovation initiatives, (iii) its ability to deliver accelerating growth and create long-term shareholder value; (iv) its growth strategy; (v) its portfolio’s ability to remain well positioned for consumer trends; and (vii) its new leadership’s ability to improve the Company's results and growth. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) the Company’s ability to effectively mitigate factors that negatively impact its supply of raw materials, including the conflict in Ukraine and climate-related factors beyond the Company’s control; (ii) the Company’s ability to successfully mitigate inflationary changes in the market; (iii) the Company’s ability to successfully identify suitable acquisition targets and adequately evaluate the potential performance of such acquisition targets; (iv) the Company’s ability to successfully implement its strategies (including its M&A strategy) and strategic initiatives and to recognize the anticipated benefits of such strategic initiatives; (v) innovations introduced to the markets and the Company’s ability to accurately forecast the brands’ performance; (vi) the Company’s ability to effectively compete in its markets; (vii) changes in consumer preferences, such as meat substitutes, and the Company’s failure to anticipate and respond to such changes or to successfully develop and renovate products; (viii) the effects of reputational damage from unsafe or poor quality food products; (ix) the risk that securities markets will react negatively to actions by the Company; (x) the adequacy of the Company’s cash resources to achieve its anticipated growth agenda; (xi) increases in operating costs, including labor costs, and the Company’s ability to manage its cost structure; (xii) fluctuations in the availability of food ingredients and packaging materials that the Company uses in its products; (xiii) the Company’s ability to protect its brand names and trademarks; (xiv) the Company’s ability to prevent, or remediate, any future cybersecurity incidents; (xv) loss of the Company’s financial arrangements with respect to receivables factoring; (xvi) the loss of any of the Company’s major customers or a decrease in demand for its products; (xvii) economic conditions that may affect the Company’s future performance including exchange rate fluctuations; (xviii) the Company’s ability to successfully interpret and respond to key industry trends and to realize the expected benefits of its responsive actions; (xix) the Company’s failure to comply with, and liabilities related to, environmental, health and safety laws and regulations; (xx) changes in applicable laws or regulations; (xxi) the Company’s ability to remediate any material weaknesses in its internal control over financial reporting; (xxii) the Company’s ability to effectively execute its comprehensive value creation plan and other strategic initiatives; (xxiii) the Company’s ability to hire, retain and motivate key employees and top tier talent; and (xxiv) the other risks and uncertainties disclosed in the Company’s public filings and any other public disclosures by the Company. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. No Offer or Solicitation This press release and referenced conference call are provided for informational purposes only and do not constitute an offer to sell, or an invitation to subscribe for, purchase or exchange, any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this press release or on the referenced conference call in any jurisdiction in contravention of applicable law. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507761261/en/ Enquiries
Investor Relations Contact
Jason English
investorrelations@nomadfoods.com Media Contact
Oliver Thomas, Head of Corporate Affairs
Oliver.Thomas@nomadfoods.com Original: Nomad Foods Reports First Quarter 2026 Financial Results

Nomad Foods Declares Quarterly DividendApril 30, 2026 6:45 AM
Business Wire
Nomad Foods Limited (NYSE: NOMD) today announced that its Board of Directors has declared a cash dividend of $0.17 per share. The dividend will be payable on May 28, 2026 to shareholders of record as of the close of business on May 12, 2026.


About Nomad Foods


Nomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.


Forward-Looking Statements


This press release contains “forward-looking” statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the payment of quarterly cash dividends in the future. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherently difficult to predict. The Company cautions that these forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in these forward-looking statements. Undue reliance should, therefore, not be placed on such forward-looking statements. Any forward-looking statements contained in this announcement apply only as at the date of this announcement and are not intended to give any assurance as to future results. The Company will update this announcement as required by applicable law, rule or regulation, but otherwise expressly disclaims any obligation or undertaking to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430531485/en/
Enquiries

Investor Relations:

Jason English

investorrelations@nomadfoods.com


Original: Nomad Foods Declares Quarterly Dividend

Beyond Meat $BYND does not use GMOs. Nomad Foods $NOMD uses GMO-derived oils, starches, and other bioengineered ingredients in frozen and packaged foods.

Beyond Meat $BYND does not use GMOs. Nomad Foods $NOMD uses GMO-derived oils, starches, and other bioengineered ingredients in frozen and packaged foods.

Nomad Foods Annual Report Available to ShareholdersFebruary 26, 2026 4:30 PM
PR Newswire (US)

WOKING, England, Feb. 26, 2026 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) (the "Company" or "Nomad Foods"), announced today that its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2025 (the "Annual Report"), filed with the U.S. Securities and Exchange Commission (the "SEC") today, February 26, 2026, can be accessed through the Investors – SEC filings link on its website, www.nomadfoods.com, as well as on the SEC's website at www.sec.gov.







Shareholders may request a hard copy of the Company's Annual Report, free of charge, by contacting the Company at Nomad Foods, Forge, 43 Church Street West, Woking GU21 6HT, Attention: Investor Relations. If shareholders prefer, they can also request a hard copy by emailing investors@nomadfoods.com. Investor Relations Contact
Jason English
investors@nomadfoods.com About Nomad Foods
Nomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/nomad-foods-annual-report-available-to-shareholders-302698257.htmlSOURCE Nomad Foods Limited

Original: Nomad Foods Annual Report Available to Shareholders

Nomad Foods Reports Fourth Quarter and Full Year 2025 Financial ResultsFebruary 26, 2026 6:45 AM
PR Newswire (US)

Results delivered against guidance issued in August, 2025 with 2.4% Adjusted EPS growth in the fourth quarter Organic revenue declines moderated and retail sell-out accelerated in quarterFoundational changes initiated to unlock value creation potential  WOKING, England, Feb. 26, 2026 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and twelve-month periods ended December 31, 2025. 







Nomad Foods delivered on its commitment with full year results that met the guidance issued in August, 2025. Organic revenue declines moderated in the fourth quarter, relative to the third quarter, while retail sell-out rose +0.7% year-on-year; an acceleration from the full year sell-out growth of +0.4%. The Company also advanced its productivity program with cost-of-goods savings reaching a multi-year high in 2025. The Company continued to generate robust cashflow and distributed €287 million back to shareholders in 2025 in the form of dividends and share repurchases; a 38% increase versus 2024. Looking ahead, management expects fiscal year 2026 to be a transition year as it enacts numerous changes to strengthen the organization, improve fundamental performance and unlock meaningful value creation potential.Key operating highlights and financial performance for the fourth quarter 2025, when compared to the fourth quarter 2024, include:Reported revenue decreased 2.6% to €773 million; Organic revenue declined 1.3% with a volume decline of 1.1%Gross margin contracted -290 bps; Adjusted gross margin contracted -240 bpsProfit decreased from €51 million to a loss of €11 million, including €57 million of losses net of tax due to refinancing of debt in the quarter; Adjusted EBITDA decreased 4.7% to €131 million Reported Diluted EPS decreased from €0.32 to a loss per share of €0.07, including €0.39 of losses net of tax due to refinancing of debt in the quarter. Adjusted EPS increased 2.4% to €0.43Key operating highlights and financial performance for the full year 2025, when compared to the full year 2024, include:Reported revenue decreased 2.2% to €3.0 billion; Organic revenue declined 1.9% with a volume decline of 1.4%Gross margin contracted -250 bps; Adjusted gross margin contracted -210 bps Profit for the period decreased 39.8% to €137 million, including €57 million of losses net of tax due to refinancing of debt in the fourth quarter; Adjusted EBITDA decreased 7.5% to €523 million Reported Diluted EPS decreased 35% to €0.91, including €0.38 of losses net of tax due to refinancing of debt in the fourth quarter; Adjusted EPS decreased 6.7% to €1.66Net cash flows from operating activities of €331 million; Adjusted free cash flow of €182 million, representing an adjusted free cash flow conversion of 73%2026 full year guidanceFor the full year 2026, the Company expects organic revenue to decline by 2%-5% and Adjusted EBITDA to decline by 5%-10%. Adjusted EPS is expected to be €1.45-€1.60, implying a decline of 4-13%. Based on USD/EUR exchange rate as of February 19, 2026, this translates into 2026 Adjusted EPS of $1.71-$1.89. The Company also expects full year adjusted free cash flow conversion of 90% or greater.Management & Board CommentsDominic Brisby, Nomad Foods' Chief Executive Officer, stated, "I have now been with Nomad Foods for nearly four months, including two as its CEO, and can confidently say that I made the right decision to join the Company. The Company possesses fantastic brands and has strong category growth tailwinds at its back. I see a clear path to create tremendous value for our shareholders and intend to make a sizable open-market purchase of Nomad shares in the coming weeks to express my confidence and align my interests with our shareholders. The value creation, however, will not be immediate and we have work to do to unlock our full potential. We have a number of opportunities to address in the organization, and we will be focused on these in the coming months. We continue to streamline the organization to increase our speed, agility, focus and accountability. We believe this will help us improve our commercial execution while unlocking additional resources for reinvestment. We are also ensuring that the right talent, sourced both internally and externally, is in the right roles to help us succeed. We believe we can and will deliver better results, but we anticipate 2026 being a transition year as our financial outlook reflects the time required to implement and manage change. I am excited to show investors what Nomad Foods is capable of once we see the results of our new approach."Noam Gottesman, Nomad Foods' Co-Chairman and Founder, commented, "While it has only been a few months, I am encouraged by the rapid changes being implemented at Nomad Foods and the multi-year vision that is beginning to unfold. Dominic and his team have a lot of work ahead of them, but they are starting from a good place. The company's portfolio is strong, category growth is robust and retail-sell out in 2025 delivered modest growth. The opportunity ahead is substantial. Dominic and his team have the Board's full support during this transition year and I am excited to see him unlock significant underappreciated value in Nomad Foods for shareholders."Fourth Quarter of 2025 results compared to the Fourth Quarter of 2024Revenue decreased 2.6% to €773 million. Organic revenue decrease of 1.3% was driven by a 0.2% price/mix decline and by 1.1% volume decline.Adjusted gross profit decreased 11% to €202 million. Adjusted gross margin decreased 240 basis points to 26.1% due primarily to supply chain inflation headwinds.Adjusted operating expenses decreased 15% to €97 million due to a double-digit contraction in overhead costs and Advertising and Promotion expense.Adjusted EBITDA decreased by 4.7% to €131 million and Adjusted Profit for the period decreased 7% to €63 million.Adjusted EPS increased 2.4% to €0.43, reflecting the decrease in Adjusted Profit for the period and fewer shares outstanding. Reported Diluted EPS decreased from a profit per share of €0.32 to a loss per share of €0.07.Year Ended 2025 results compared to the Year Ended 2024Revenue decreased 2.2% to €3.0 billion. Organic revenue decrease of 1.9% was driven by a 0.5% decline in price/mix and a 1.4% decrease in volume.Adjusted gross profit decreased 9% to €833 million. Adjusted gross margin decreased 210 basis points to 27.5% due primarily to supply chain inflation headwinds, partially offset by supply chain productivity and the lapping of inventory revaluation headwinds in the prior year.Adjusted operating expenses decreased 9% to €410 million due to a double-digit contraction in overhead costs and a single-digit decrease in Advertising and Promotion expense.Adjusted EBITDA decreased 7.5% to €523 million and Adjusted Profit for the period decreased 14% to €249 million. Adjusted EPS decreased 7% to €1.66, reflecting the decrease in Adjusted Profit for the period and fewer shares outstanding. Reported Diluted EPS decreased 35% to €0.91.The Company returned €287 million to shareholders in 2025 in the form of dividends and share repurchase activity. The basic shares outstanding at year-end were 142.4 million; a 9% decrease from year-end 2024.Conference Call and WebcastA pre-recorded management discussion of Nomad Foods' fourth quarter 2025 earnings and accompanying presentation is available at www.nomadfoods.com under Investor Relations. The Company will host a live question-and-answer session to discuss these results today, Thursday, February 26, 2026 at 1:30 p.m. GMT (8:30 a.m. Eastern Standard Time). To participate on the live call listeners in North America may dial +1-844-676-5834 and international listeners may dial +1-412-634-6811. Additionally, the call is being webcast and can be accessed at the Nomad Foods website. A replay of the call will be available on the Company website for two weeks following the event and can be accessed by listeners in North America by dialing +1-844-512-2921 and by international listeners by dialing +1-412-317-6671; the replay pin number is 10206050.Enquiries
Investor Relations Contact
Jason English
investors@nomadfoods.com  Media Contact
Oliver Thomas, Head of Corporate Affairs
Oliver.Thomas@nomadfoods.comAbout Nomad FoodsNomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.Non-IFRS Financial InformationNomad Foods is presenting Adjusted and Organic financial information, which is considered non-IFRS financial information, for the three and twelve months ended December 31, 2025 and for comparative purposes, the three and twelve months ended December 31, 2024.Adjusted financial information for the three and twelve months ended December 31, 2025 and 2024 presented in this press release reflects the historical reported financial statements of Nomad Foods, adjusted primarily for, when they occur, share based payment expenses and related employer payroll taxes, non-operating M&A related costs, acquisition purchase price adjustments, exceptional items and foreign currency translation charges/gains.Adjusted EBITDA is profit or loss for the period before taxation, net financing costs, depreciation and amortization, adjusted to exclude, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges and other unusual or non-recurring items. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EBITDA provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.Adjusted EBITDA should not be considered as an alternative to profit/(loss) for the period, determined in accordance with IFRS, as an indicator of the Company's operating performance.Adjusted Profit for the period is defined as profit for the period excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, net financing income/(cost) on amendment of terms of debt, interest cost on tax relating to legacy tax audits, foreign exchange translation gains/(losses), foreign exchange gains/(losses) on derivatives, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted Profit for the period provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.Adjusted EPS is defined as diluted earnings per share excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, net financing income/(cost) on amendment of terms of debt, interest cost on tax relating to legacy tax audits, foreign exchange translation gains/(losses), foreign exchange gains/(losses) on derivatives, certain one-time credits on the recognition of deferred tax assets, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EPS provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.Organic revenue growth/(decline) is an adjusted measurement of our operating results. The comparison for the three and twelve months ended December 31, 2025 and 2024 presented in this press release takes into consideration only those activities that were in effect during both time periods. Organic revenue growth/(decline) reflects reported revenue adjusted for currency translation and non-comparable trading items such as expansion, acquisitions, disposals, closures, trading day impacts or any other event that artificially impacts the comparability of our results period over period.Adjusted Gross Profit and adjusted gross margin exclude accelerated depreciation associated with restructuring programs within cost of goods sold.Adjustments for currency translation are calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process.Adjusted Free Cash Flow is the amount of cash generated from operating activities less cash flows related to exceptional items (as described above), non-operating M&A related costs and working capital movements on employer taxes associated with share based payment awards, plus capital expenditure (on property, plant and equipment and intangible assets), net interest paid, proceeds/(payments) on settlement of derivatives where hedge accounting is not applied and payments of lease liabilities. Adjusted free cash flow reflects cash flows that could be used for payment of dividends, repayment of debt or to fund acquisitions or other strategic objectives.Cash flow conversion is Adjusted Free Cash Flow as a percentage of Adjusted Profit for the period.Adjusted and Organic non-IFRS financial information should be read in conjunction with the unaudited financial statements of Nomad Foods included in this press release as well as the historical financial statements of the Company previously filed with the SEC.Nomad Foods believe its non-IFRS financial measures provide an important additional measure with which to monitor and evaluate the Company's ongoing financial results, as well as to reflect its acquisitions. Nomad Foods' calculation of these financial measures may be different from the calculations used by other companies and comparability may therefore be limited. The Adjusted and Organic financial information presented herein is based upon certain assumptions that Nomad Foods believes to be reasonable and is presented for informational purposes only and is not necessarily indicative of any anticipated financial position or future results of operations that the Company will experience. You should not consider the Company's non-IFRS financial measures an alternative or substitute for the Company's reported results and are cautioned not to place undue reliance on these results and information as they may not be representative of our actual or future results as a Company.Please see on pages 9 to 18, the non-IFRS reconciliation tables attached hereto and the schedules accompanying this release for an explanation and reconciliation of the Adjusted and Organic financial information to the most directly comparable IFRS measure. The Company is unable to reconcile, without unreasonable efforts, Organic Growth, Adjusted EBITDA and Adjusted EPS guidance to the most directly comparable IFRS measure.Nomad Foods Limited As Reported
Condensed Consolidated Interim Statements of Profit or Loss (unaudited)
Three months ended December 31, 2025 and December 31, 2024
€ in millionsThree months ended
December 31, 2025
Three months ended
December 31, 2024Revenue773.1
793.4Cost of sales(575.4)
(567.5)Gross profit197.7
225.9Other operating expenses(97.7)
(115.1)Exceptional items(29.5)
(19.3)Operating profit70.5
91.5Finance income1.8
4.4Finance costs(107.7)
(34.6)Net financing costs(105.9)
(30.2)(Loss)/profit before tax(35.4)
61.3Taxation24.7
(9.9)(Loss)/profit for the period(10.7)
51.4



Basic (loss)/earnings per share


Weighted average shares outstanding in millions     144.9
158.5Basic (loss)/earnings per share in €(0.07)
0.32Diluted (loss)/earnings per share


Weighted average shares outstanding in millions145.1
159.2Diluted (loss)/earnings per share in €(0.07)
0.32 Consolidated Statements of Profit or Loss (audited)
Twelve months ended December 31, 2025 and December 31, 2024
€ in millionsTwelve months
ended December 31,
2025
Twelve months
ended December 31,
2024Revenue3,032.5
3,099.8Cost of sales(2,209.5)
(2,182.0)Gross profit823.0
917.8Other operating expenses(419.2)
(461.3)Exceptional items(78.4)
(69.5)Operating profit325.4
387.0Finance income16.2
30.1Finance costs(196.3)
(139.2)Net financing costs(180.1)
(109.1)Profit before tax145.3
277.9Taxation(8.6)
(50.8)Profit for the period136.7
227.1



Basic earnings per share


Weighted average shares outstanding in millions     149.9
161.5Basic earnings per share in €0.91
1.41Diluted earnings per share


Weighted average shares outstanding in millions150.2
162.2Diluted earnings per share in €0.91
1.40 Nomad Foods Limited As Reported
Consolidated Statements of Financial Position (audited)
As at December 31, 2025 and December 31, 2024
€ in millionsAs at December 31, 2025
As at December 31, 2024Non-current assets


Goodwill2,104.7
2,106.1Intangible assets2,463.8
2,472.9Property, plant and equipment595.2
591.1Other non-current assets7.0
8.6Derivative financial instruments0.4
4.3Deferred tax assets17.1
14.7Total non-current assets5,188.2
5,197.7Current assets


Cash and cash equivalents324.8
403.3Inventories440.6
441.5Trade and other receivables350.8
334.6Current tax receivable26.1
37.6Derivative financial instruments4.5
16.9Total current assets1,146.8
1,233.9Total assets6,335.0
6,431.6Current liabilities


Trade and other payables794.9
829.1Current tax payable193.4
226.7Provisions27.6
27.1Loans and borrowings32.6
26.0Derivative financial instruments19.4
14.4Total current liabilities1,067.9
1,123.3Non-current liabilities


Loans and borrowings2,258.6
2,151.4Employee benefits138.4
152.1Other non-current liabilities0.4
0.5Provisions1.4
2.7Derivative financial instruments112.2
46.4Deferred tax liabilities259.3
292.7Total non-current liabilities2,770.3
2,645.8Total liabilities3,838.2
3,769.1Net assets2,496.8
2,662.5Equity attributable to equity holders     


Share capital and capital reserve1,134.3
1,316.4Share based compensation reserve16.9
26.2Translation reserve102.4
135.3Other reserves(12.9)
(14.9)Retained earnings1,256.1
1,199.5Total equity2,496.8
2,662.5 Nomad Foods Limited As Reported
Consolidated Statements of Cash Flows (audited)
For the twelve months ended December 31, 2025 and the twelve months ended December 31, 2024
€ in millionsTwelve months ended
December 31, 2025
Twelve months ended
December 31, 2024Cash generated from operating activities


Profit for the period136.7
227.1Adjustments for:


Exceptional items78.4
69.5Share based payment expense8.4
8.8Depreciation and amortization109.4
96.9Loss on disposal and impairment of property, plant and equipment1.0
1.6Net finance costs180.1
109.1Taxation8.6
50.8Operating cash flow before changes in working capital, provisions and     
exceptional items522.6
563.8Increase in inventories(14.2)
(1.2)Increase in trade and other receivables(18.2)
(75.0)(Decrease)/increase in trade and other payables(8.8)
68.6Decrease in employee benefits and other provisions(6.3)
(4.0)Cash generated from operations before tax and exceptional items475.1
552.2Payments relating to exceptional items(70.3)
(72.1)Receipts relating to exceptional items—
4.4Tax received4.0
—Tax paid(78.1)
(49.1)Net cash flows from operating activities330.7
435.4Cash flows from investing activities


Purchase of property, plant and equipment and intangibles(78.5)
(80.3)Interest received3.9
10.2Redemption of investments—
5.7Cash used in investing activities(74.6)
(64.4)Cash flows from financing activities


Repurchase of ordinary shares(195.6)
(118.7)Dividends paid(91.3)
(89.2)Payments related to shares withheld for tax(6.9)
(5.8)Issuance of new loans and notes193.2
—Repayment of loan principal(57.1)
(6.5)Payment of lease liabilities(34.2)
(31.3)Payment of financing fees(19.0)
(2.7)Interest paid(111.9)
(112.2)Payments on settlement of derivatives(9.3)
—Net cash used in financing activities(332.1)
(366.4)Net (decrease)/increase in cash and cash equivalents(76.0)
4.6Cash and cash equivalents at beginning of period403.3
399.7Effect of exchange rate fluctuations(2.5)
(1.0)Cash and cash equivalents at end of period324.8
403.3 Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures
(In € millions, except per share data)The following table reconciles adjusted financial information for the three months ended December 31, 2025 to the reported results of Nomad Foods for such period.Adjusted Statement of Profit or Loss (unaudited)
Three months ended December 31, 2025
€ in millions, except per share dataAs reported for the
three months ended
December 31, 2025
Adjustments


As adjusted for the
three months ended
December 31, 2025Revenue773.1
—


773.1Cost of sales(575.4)
4.3
(a)
(571.1)Gross profit197.7
4.3


202.0Other operating expenses(97.7)
1.1
(b)
(96.6)Exceptional items(29.5)
29.5
(c)
—Operating profit70.5
34.9


105.4Finance income1.8
—


1.8Finance costs(107.7)
78.6


(29.1)Net financing costs(105.9)
78.6
(d)
(27.3)(Loss)/profit before tax(35.4)
113.5


78.1Taxation24.7
(40.1)
(e)
(15.4)(Loss)/profit for the period(10.7)
73.4


62.7







Weighted average shares outstanding in millions - basic144.9
—


144.9Basic (loss)/earnings per share in €(0.07)




0.43Weighted average shares outstanding in millions - diluted     145.1
—


145.1Diluted (loss)/earnings per share in €(0.07)




0.43

(a)Represents elimination of €4.3 million of incremental depreciation related to assets impacted by the planned closure of a factory in Sweden as part of the Company's multi-year supply chain network optimization program.(b)  Share based payment charge including employer payroll taxes of €0.8 million and a non-operating M&A related costs of €0.3 million.(c)Exceptional items which management believes will only recur over a limited number of financial periods based in most cases on the completion of the particular project or program, and do not have a continuing impact. See table 'Adjusted EBITDA (unaudited) three months ended December 31, 2025' on the next page for a detailed list of exceptional items.(d)  Elimination of €75.9 million of losses on refinancing of debt and €2.7 million of foreign exchange losses.(e)Tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises as well as a €16.8 million one-off credit on the recognition of deferred tax assets that had previously been derecognized. As this latter adjustment is not driven by current-period trading activity, including it would distort period-to-period comparability. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles Adjusted EBITDA for the three months ended December 31, 2025 to the reported results of Nomad Foods for such period.Adjusted EBITDA (unaudited)
Three months ended December 31, 2025
€ in millionsFor the three months
ended December 31,
2025

Loss for the period(10.7)

Taxation(24.7)

Net financing costs105.9

Depreciation and amortization29.5

Exceptional items:


  Business Transformation Program17.8
(a)  Organizational streamlining program     11.0
(b)  Supply chain network optimization1.2
(c)  Settlement of legacy matters(0.5)
(d)Other Adjustments:


  Other add-backs1.1
(e)Adjusted EBITDA (f)130.6



(a) Expenses associated with the multi-year, enterprise-wide transformation and optimization program. Expenses in the period consist of an expense for the derecognition of ERP development costs (€9.5 million), restructuring, severance, and transformational project costs, including business technology transformation initiative costs and related professional fees.(b)  Expenses associated with an enterprise-wide restructuring program relating to non-factory operations. Expenses consist primarily of severance costs.(c)  Restructuring expenses associated with the supply chain network optimization program.(d) Income and expenses associated with the release of acquired provisions relating to periods prior to acquisition by the Company and other gains or charges associated with items that were originally recognized as exceptional.(e) Represents the elimination of share based payment charge including employer payroll taxes of €0.8 million and elimination of a non-operating M&A related costs of €0.3 million.(f)   Adjusted EBITDA margin of 16.9% for the three months ended December 31, 2025 is calculated by dividing Adjusted EBITDA by Revenue of €773.1 million. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles adjusted financial information for the three months ended December 31, 2024 to the reported results of Nomad Foods for such period.Adjusted Statements of Profit or Loss (unaudited)
Three months ended December 31, 2024 
€ in millions, except per share dataAs reported for the
three months ended
December 31, 2024
Adjustments


As adjusted for the
three months ended
December 31, 2024Revenue793.4
—


793.4Cost of sales(567.5)
—


(567.5)Gross profit225.9
—


225.9Other operating expenses(115.1)
0.8
(a)
(114.3)Exceptional items(19.3)
19.3
(b)
—Operating profit91.5
20.1


111.6Finance income4.4
—


4.4Finance costs(34.6)
3.2


(31.4)Net financing costs(30.2)
3.2
(c)
(27.0)Profit before tax61.3
23.3


84.6Taxation(9.9)
(7.6)
(d)
(17.5)Profit for the period51.4
15.7


67.1







Weighted average shares outstanding in millions - basic158.5
—


158.5Basic earnings per share in €0.32




0.42Weighted average shares outstanding in millions - diluted     159.2
—


159.2Diluted earnings per share in €0.32




0.42

(a)  Share based payment charge including employer payroll taxes of €0.4 million and a non-operating M&A related costs of €0.4 million.(b) Exceptional items which management believes will only recur over a limited number of financial periods based in most cases on the completion of the particular project or program, and do not have a continuing impact. See table 'Adjusted EBITDA (unaudited) three months ended December 31, 2024' on the next page for a detailed list of exceptional items.(c)  Elimination of €3.2 million of foreign exchange losses.(d) Tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles Adjusted EBITDA for the three months ended December 31, 2024 to the reported results of Nomad Foods for such period.Adjusted EBITDA (unaudited)
Three months ended December 31, 2024
€ in millionsFor the three months
ended December 31,
2024

Profit for the period51.4

Taxation9.9

Net financing costs30.2

Depreciation and amortization25.5

Exceptional items:


  Business Transformation Program     20.8
(a)  Settlement of legacy matters(1.5)
(b)Other Adjustments:


  Other add-backs0.8
(c)Adjusted EBITDA (d)137.1



(a) Expenses associated with the multi-year, enterprise-wide transformation and optimization program. Expenses in the period consist of restructuring, severance and transformational project costs, including business technology transformation initiative costs and related professional fees.(b) Income and expenses associated with the release of acquired provisions relating to periods prior to acquisition by the Company and other gains or charges associated with items that were originally recognized as exceptional.(c)Represents the elimination of share based payment charge including employer payroll taxes of €0.4 million and elimination of a non-operating M&A related costs of €0.4 million.(d) Adjusted EBITDA margin of 17.3% for the three months ended December 31, 2024 is calculated by dividing Adjusted EBITDA by Revenue of €793.4 million. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles adjusted financial information for the twelve months ended December 31, 2025 to the reported results of Nomad Foods for such period.Adjusted Statement of Profit or Loss (unaudited)
Twelve months ended December 31, 2025
€ in millions, except per share dataAs reported for the
twelve months
ended December 31,
2025
Adjustments


As adjusted for the
twelve months
ended December 31,
2025Revenue3,032.5
—


3,032.5Cost of sales(2,209.5)
9.9
(a)
(2,199.6)Gross profit823.0
9.9


832.9Other operating expenses(419.2)
9.5
(b)
(409.7)Exceptional items(78.4)
78.4
(c)
—Operating profit325.4
97.8


423.2Finance income16.2
(10.0)


6.2Finance costs(196.3)
75.9


(120.4)Net financing costs(180.1)
65.9
(d)
(114.2)Profit before tax145.3
163.7


309.0Taxation(8.6)
(51.8)
(e)
(60.4)Profit for the period136.7
111.9


248.6







Weighted average shares outstanding in millions - basic149.9
—


149.9Basic earnings per share in €0.91




1.66Weighted average shares outstanding in millions - diluted     150.2
—


150.2Diluted earnings per share in €0.91




1.66

(a)Represents elimination of €9.9 million of incremental depreciation related to assets impacted by the planned closure of a factory in Sweden as part of the Company's multi-year supply chain network optimization program.(b)  Share based payment charge including employer payroll taxes of €8.4 million and non-operating M&A related costs of €1.1 million.(c)Exceptional items which management believes will only recur over a limited number of financial periods based in most cases on the completion of the particular project or program, and do not have a continuing impact. See table 'Adjusted EBITDA (unaudited) twelve months ended December 31, 2025' on the next page for a detailed list of exceptional items.(d) Elimination of €75.9 million of losses on refinancing of debt and €10.0 million of foreign exchange gains.(e)Tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises as well as a €16.8 million one-off credit on the recognition of deferred tax assets that had previously been derecognized. As this latter adjustment is not driven by current-period trading activity, including it would distort period-to-period comparability. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles Adjusted EBITDA for the twelve months ended December 31, 2025 to the reported results of Nomad Foods for such period:Adjusted EBITDA (unaudited)
Twelve months ended December 31, 2025
€ in millionsFor the twelve
months ended
December 31, 2025

Profit for the period136.7

Taxation8.6

Net financing costs180.1

Depreciation and amortization109.4

Exceptional items:


  Business Transformation Program53.2
(a)  Organizational streamlining program     21.9
(b)  Supply chain network optimization3.1
(c)  Settlement of legacy matters0.2
(d)Other Adjustments:


  Other add-backs9.5
(e)Adjusted EBITDA (f)522.7



(a) Expenses associated with the multi-year, enterprise-wide transformation and optimization program which began in 2020. Expenses in the period consist an expense for the derecognition of ERP development costs (€9.5 million), restructuring, severance and transformational project costs, including business technology transformation initiative costs and related professional fees.(b) Expenses associated with an enterprise-wide restructuring program relating to non-factory operations. Expenses consist primarily of severance costs.(c) Expenses associated with the supply chain network optimization program. Under this program, the Company commenced its plan to close operations at a factory in Sweden incurring expenses for restructuring and severance.(d) Income and expenses associated with the release of acquired provisions relating to periods prior to acquisition by the Company and other gains or charges associated with items that were originally recognized as exceptional.(e) Represents the elimination of share based payment charge including employer payroll taxes of €8.4 million and elimination of non-operating M&A related costs of €1.1 million.(f)Adjusted EBITDA margin of 17.2% for the twelve months ended December 31, 2025 is calculated by dividing Adjusted EBITDA by Revenue of €3,032.5 million. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles adjusted financial information for the twelve months ended December 31, 2024 to the reported results of Nomad Foods for such period.Adjusted Statements of Profit or Loss (unaudited)
Twelve months ended December 31, 2024
€ in millions, except per share dataAs reported for the
twelve months ended
December 31, 2024
Adjustments


As adjusted for the
twelve months ended
December 31, 2024Revenue3,099.8
—


3,099.8Cost of sales(2,182.0)
—


(2,182.0)Gross profit917.8
—


917.8Other operating expenses(461.3)
11.7
(a)
(449.6)Exceptional items(69.5)
69.5
(b)
—Operating profit387.0
81.2


468.2Finance income30.1
(20.1)


10.0Finance costs(139.2)
21.0


(118.2)Net financing costs(109.1)
0.9
(c)
(108.2)Profit before tax277.9
82.1


360.0Taxation(50.8)
(20.4)
(d)
(71.2)Profit for the period227.1
61.7


288.8







Weighted average shares outstanding in millions - basic161.5
—


161.5Basic earnings per share in €1.41




1.79Weighted average shares outstanding in millions - diluted     162.2
—


162.2Diluted earnings per share in €1.40




1.78

(a) Share based payment charge including employer payroll taxes of €10.4 million and non-operating M&A related costs of €1.3 million.(b)Exceptional items which management believes will only recur over a limited number of financial periods based in most cases on the completion of the particular project or program, and do not have a continuing impact. See table 'Adjusted EBITDA (unaudited) twelve months ended December 31, 2024' on the next page for a detailed list of exceptional items.(c)Elimination of €14.4 million of net gains on repricing of debt, a €5.7 million gain from the reversal of an impairment loss on a short-term investment, €20.6 million of foreign exchange losses and €0.4 million of losses on derivatives.(d) Tax impact of the above at the applicable tax rate for each adjustment, determined by the nature of the item and the jurisdiction in which it arises. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)The following table reconciles Adjusted EBITDA for the twelve months ended December 31, 2024 to the reported results of Nomad Foods for such period:Adjusted EBITDA (unaudited)
Twelve months ended December 31, 2024 
€ in millionsFor the twelve
months ended
December 31, 2024

Profit for the period227.1

Taxation50.8

Net financing costs109.1

Depreciation and amortization96.9

Exceptional items:


  Business Transformation Program     68.0
(a)  Settlement of legacy matters1.5
(b)Other Adjustments:


  Other add-backs11.7
(c)Adjusted EBITDA (d)565.1



(a)Expenses associated with the multi-year, enterprise-wide transformation and optimization program which began in 2020. Expenses in the period consist of restructuring, severance and transformational project costs, including business technology transformation initiative costs and related professional fees.(b)Income and expenses associated with the release of acquired provisions relating to periods prior to acquisition by the Company and other gains or charges associated with items that were originally recognized as exceptional.(c)Represents the elimination of share based payment charge including employer payroll taxes of €10.4 million and elimination of non-operating M&A related costs of €1.3 million.(d)Adjusted EBITDA margin of 18.2% for the twelve months ended December 31, 2024 is calculated by dividing Adjusted EBITDA by Revenue of €3,099.8 million. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)Reconciliation from reported to organic revenue growth/(decline)The following table is a reconciliation of reported revenue growth to Organic Revenue Growth for the three and twelve month periods ended December 31, 2025.Year on Year Growth/(Decline) - December 31, 2025 compared with December 31, 2024:

Three months ended
December 31, 2025
Twelve months ended
December 31, 2025


YoY change
YoY change

Reported Revenue Growth/(Decline)     (2.6) %
(2.2) %







Of which:




Organic Revenue Growth/(Decline)(1.3) %
(1.9) %

Translational FX (a)(1.3) %
(0.3) %

Total(2.6) %
(2.2) %


(a)     Translational FX is calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process. Nomad Foods Limited
Reconciliation of Non-IFRS Financial Measures (continued)Reconciliation from reported net cash flows from operating activities to Adjusted free cash flow (unaudited)The following table is a reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the twelve months ended December 31, 2025.Twelve months ended December 31, 2025
€ in millionsTwelve months ended
December 31, 2025Net cash flows from operating activities330.7Add back:
Cash flows relating to exceptional items (a)70.3Employer taxes related to share based payments (b)0.8Non-operating M&A costs (c)1.1Deduct:
Capital expenditure (d)(78.5)Net interest paid(108.0)Payment of lease liabilities (e)(34.2)Adjusted free cash flow182.2

Adjusted profit for the period248.6Adjusted free cash flow as % adjusted profit for the period     73 %

(a)     Adjustment to add back cash flows related to exceptional items which are not considered to be indicative of our ongoing operating cash flows.(b)     Adjustment to add back working capital movements related to employer taxes related to share based payments which are not considered to be indicative of our ongoing operating cash flows.(c)     Adjustment to add back cash flows related to non-operating M&A costs which are not considered to be indicative of our ongoing operating cash flows.(d)     Defined as the sum of property, plant and equipment and intangible assets purchased in the year, which are considered part of the underlying business cash flows.(e)     These lease liabilities are included in Net Cash Flows from Financing Activities. We believe these payments are part of the underlying business cash flows and should be reflected in Adjusted free cash flow. Forward-Looking Statements
Forward-Looking Statements and DisclaimersCertain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including the Company's expectations regarding (i) its future operating and financial performance, including its 2026 guidance with respect to organic revenue growth, Adjusted EBITDA growth, adjusted free cash flow conversion, Adjusted EPS, and Adjusted EPS growth; (ii) the ability to strengthen the organization, improve performance and unlock value creation, (iii) its growth and efficiency initiatives, including with respect to its innovation and renovation initiatives, (iv) its ability to generate superior shareholder returns; (v) its bottom-line growth and cash generation; (vi) its portfolio's ability to remain well positioned for consumer trends; (vii) management's ability to improve the Company's results and growth, and (viii) Mr. Brisby's intention to purchase ordinary shares in the open-market.These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) the Company's ability to effectively mitigate factors that negatively impact its supply of raw materials, including the factors beyond the Company's control; (ii) the Company's ability to successfully mitigate inflationary changes in the market; (iii) the Company's ability to successfully identify suitable acquisition targets and adequately evaluate the potential performance of such acquisition targets; (iv) the Company's ability to successfully implement its strategies (including its M&A strategy) and strategic initiatives and to recognize the anticipated benefits of such strategic initiatives; (v) innovations introduced to the markets and the Company's ability to accurately forecast the brands' performance; (vi) the Company's ability to effectively compete in its markets; (vii) changes in consumer preferences, such as meat substitutes, and the Company's failure to anticipate and respond to such changes or to successfully develop and renovate products; (viii) the effects of reputational damage from unsafe or poor quality food products; (ix) the risk that securities markets will react negatively to actions by the Company; (x) the adequacy of the Company's cash resources to achieve its anticipated growth agenda; (xi) increases in operating costs, including labor costs, and the Company's ability to manage its cost structure; (xii) fluctuations in the availability of food ingredients and packaging materials that the Company uses in its products; (xiii) the Company's ability to protect its brand names and trademarks; (xiv) the Company's ability to prevent, or remediate, any future cybersecurity incidents; (xv) loss of the Company's financial arrangements with respect to receivables factoring; (xvi) the loss of any of the Company's major customers or a decrease in demand for its products; (xvii) economic conditions that may affect the Company's future performance including exchange rate fluctuations; (xviii) the Company's ability to successfully interpret and respond to key industry trends and to realize the expected benefits of its responsive actions; (xix) the Company's failure to comply with, and liabilities related to, environmental, health and safety laws and regulations; (xx) changes in applicable laws or regulations; (xxi) the Company's ability to remediate any material weaknesses in its internal control over financial reporting; and (xxii) the other risks and uncertainties disclosed in the Company's public filings and any other public disclosures by the Company. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.No Offer or SolicitationThis release and referenced conference call is provided for informational purposes only and does not constitute an offer to sell, or an invitation to subscribe for, purchase or exchange, any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this press release in any jurisdiction in contravention of applicable law.The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.



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Original: Nomad Foods Reports Fourth Quarter and Full Year 2025 Financial Results

Nomad Foods to Report Fourth Quarter and Full Year 2025 Financial Results on Thursday, February 26, 2026February 12, 2026 7:34 AM
PR Newswire (US)

WOKING, England, Feb. 12, 2026 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced it will report results for the fourth quarter ended December 31, 2025 on Thursday, February 26, 2026. A press release and supplemental materials, including a pre-recorded management discussion, will be issued before the New York Stock Exchange market open. Nomad Foods management will then host a live question-and-answer session to discuss the results.







The live question-and-answer session is scheduled to begin at 8:30 AM Eastern Standard Time on Thursday, February 26, 2026. To participate on the live call listeners in North America may dial +1-844-676-5834 and international listeners may dial +1-412-634-6811. The call is also being webcast and can be accessed at the Nomad Foods website at www.nomadfoods.com under Investor Relations. A replay of the conference call will be available on the Company website for two weeks following the event and can be accessed by listeners in North America by dialing +1-844-512-2921 and by international listeners by dialing +1-412-317-6671; the replay pin number is 10206050.About Nomad FoodsNomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.Enquiries
Investor Relations Contact
Jason English
investors@nomadfoods.com



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Original: Nomad Foods to Report Fourth Quarter and Full Year 2025 Financial Results on Thursday, February 26, 2026

Nomad Foods Declares Quarterly DividendJanuary 30, 2026 6:45 AM
PR Newswire (US)

WOKING, England, Jan. 30, 2026 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that its Board of Directors has declared a cash dividend of $0.17 per share. The dividend will be payable on February 26, 2026 to shareholders of record as of the close of business on February 11, 2026.







About Nomad FoodsNomad Foods (NYSE: NOMD) is Europe's leading frozen food company. The Company's portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.Enquiries
Investor Relations Contact
Jason English
investorrelations@nomadfoods.comForward-Looking StatementsThis press release contains "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the payment of quarterly cash dividends in the future. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherently difficult to predict. The Company cautions that these forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in these forward-looking statements. Undue reliance should, therefore, not be placed on such forward-looking statements. Any forward-looking statements contained in this announcement apply only as at the date of this announcement and are not intended to give any assurance as to future results. The Company will update this announcement as required by applicable law, rule or regulation, but otherwise expressly disclaims any obligation or undertaking to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.



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Original: Nomad Foods Declares Quarterly Dividend

Not much Margin Of Safety for Nomad Foods $NOMD going into earnings Thursday:

Fair Value Source

$NOMD 12.83 Martin F. knows what's up, is on the hunt for another acquisition... Nomad Foods #M&A

https://investorshub.advfn.com/boards/post_reply.aspx?message_id=120810285

Hungry Nomad Foods ready to start M&A shopping again

https://finance.yahoo.com/news/hungry-nomad-foods-ready-start-060001320.html

$NOMD recent run from mid $6 to highs $9+ no surprise got to cheap.

&NOMD 8.94 Monad Foods Presentation 2/16+2016...

http://www.nomadfoods.com/~/media/Files/N/Nomad/investor-docs/results-and-presentations/nomad-cagny-presentation-16-02-2016.pdf

Nice Back To Back 10%+ days @7.92 $NOMD Nomad Foods

$NOMD Nice recovery +10% current pps 7.14

Nomad Foods pledges costs cuts before further deals...
$NOMD

“The plan is let’s restore this top line, let’s do the integration and then let’s check if there’s something available,” Stéfan Descheemaeker, chief executive, said in an interview on the sidelines of the annual Consumer Analyst Group of New York (CAGNY) conference.
He added that, through loans, Nomad already had access to enough funds “so we can do another Findus” — potentially this year — without needing to tap the market, which he admitted would not be feasible at the company’s current share price.

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$NOMD Martin E. Franklin, Co-Chairman..Mr. Franklin is a Non-Executive Director and Co-Chairman of the Company. Mr. Franklin is the founder and executive chairman of Jarden Corporation, a broad based consumer products company. Mr. Franklin was appointed to Jarden’s board of directors in June 2001 and served as Jarden’s chairman and chief executive officer from September 2001 until June 2011, at which time he began service as executive chairman. Prior to joining Jarden Corporation, Mr. Franklin served as chairman and a director of Bollé, Inc. from 1997 to 2000, chairman of Lumen Technologies from 1996 to 1998, and as chairman and chief executive officer of its predecessor, Benson Eyecare Corporation from 1992 to 1996. Mr. Franklin served on the board of directors of PAHL from April 2013 until its business combination with MacDermid, Incorporated in October 2013, and continues to serve as the chairman of the combined entity. Mr. Franklin also served on the board of directors of JHL from February 2011 until its business combination with Burger King Worldwide, Inc. in June 2012. He served on the board of Burger King Worldwide, Inc. following the business combination from 2012 until its transaction with Tim Hortons, Inc. and the creation of Restaurant Brands International Inc. (“Restaurant Brands”) in December 2014. Mr. Franklin is currently serving on the board of Restaurant Brands. Mr. Franklin also served on the board of directors of LAHC from June 2007 until its business combination with Grupo Prisa in November 2010, and served on the board of directors of Grupo Prisa from November 2010 to December 2013. Mr. Franklin also served on the board of LAHIC, from January 2008 until its acquisition of Phoenix Group Holdings (formerly known as Pearl Group) in September 2009 and Freedom, from June 2006 until its acquisition of GLG in November 2007 and continued to serve on the board of directors of GLG until GLG was acquired by the Man Group plc in October 2010. Mr. Franklin also served on the board of directors of Kenneth Cole Productions, Inc. from July 2005 to December 2011 and serves as a director and trustee of a number of private companies and charitable institutions.

http://www.nomadfoods.com/investor-relations/corporate-governance/board-of-directors.aspx

http://www.bing.com/videos/search?q=martin+franklin+cnbc&qpvt=martin+franklin+cnbc&FORM=VDRE

Nomad Foods @7.19