EQS-News: Strong performance in Food & Beverage Solutions - full-year Group forecast raised

EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Half Year
   Results
   Strong performance in Food & Beverage Solutions - full-year Group forecast
   raised

   09.10.2025 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Strong performance in Food & Beverage Solutions – full-year Group forecast
   raised

     •  Group outlook for 2025|26 financial year: EBIT now expected to
       increase to a range of about € 45 to 60 million
     • Earnings declined significantly in the first half of the year due to a
       persistently challenging starch and sugar market

   In the first half of the 2025|26 financial year (the six months ended 31
   August 2025), AGRANA, the food and industrial goods group, registered a
   reduction of 50.5% in operating profit (EBIT) to € 28.0 million. The
   Group’s revenue decreased by 9.1% to € 1,691.6 million (H1 previous year:
   € 1,861.7 million). Nevertheless, thanks to very good second-quarter
   results in the Food & Beverage Solutions business, AGRANA has raised its
   forecast for the year and now expects a significant increase in Group EBIT
   of between 10% and 50%. EBIT is now projected to be in the range of about
   € 45 to 60 million for the 2025|26 financial year; this takes into account
   that the outlook for the Agricultural Commodities & Specialities business
   (the Starch and Sugar segments) remains subdued.

   AGRANA Chief Executive Officer Stephan Büttner says: "We are still in a
   challenging transformation phase as we implement NEXT LEVEL, our new Group
   strategy. While the results in Food & Beverage Solutions were very
   positive, the operating performance in the Sugar and Starch businesses was
   unsatisfactory. Additionally, as announced, non-recurring expenses
   (primarily staff costs) were recognised in the Sugar segment as part of
   the restructuring in Austria and the Czech Republic. The strong earnings
   contribution from the Food & Beverage Solutions segment not only was a
   stabilising factor for Group EBIT in the first half of the year, but also
   forms the main basis for our updated EBIT forecast for the full year
   2025|26.”

    

   AGRANA Group financial results, first half of 2025|26 (1 March – 31 August
   2025)

   € million, except %                             H1      H1      Q2      Q2
                                              2025|26 2024|25 2025|26 2024|25
   Revenue                                    1,691.6 1,861.7   811.4   917.4
   EBITDA[1][1]                                 106.1   107.6    53.7    51.8
   Operating profit before exceptional items
   and results of equity-accounted joint         52.2    55.3    26.6    25.3
   ventures
   Share of results of equity-accounted joint    –3.4     3.2    –1.8     1.1
   ventures
   Exceptional items                            –20.8    –1.9    –2.5    –2.1
   Operating profit [EBIT]                       28.0    56.6    22.3    24.3
   EBIT margin                                   1.7%    3.0%    2.7%    2.6%
   Profit for the period                          1.1    23.5     9.1     7.4
   Investment[2][2]                              44.7    47.1    28.7    28.7

   The Group’s net financial items amounted to an expense of € 19.7 million,
   compared to an expense of € 19.4 million in the year-earlier period. The
   slight increase was due primarily to a marked deterioration in currency
   translation differences that outweighed a significant improvement in net
   interest expense. After an income tax expense of € 7.1 million,
   corresponding to a tax rate of 85.5% (H1 previous year: 36.8%), profit for
   the period was € 1.1 million (H1 previous year: € 23.5 million). Net debt
   as of 31 August 2025 decreased by € 28.6 million from the 28 February 2025
   year-end level, to € 407.8 million. The gearing ratio at the quarterly
   balance sheet date was a steady 35.5% (28 February 2025: 35.5%).

    

   Food & Beverage Solutions (FBS)

   € million, except %          H1      H1      Q2      Q2
                           2025|26 2024|25 2025|26 2024|25
   Revenue                   859.1   824.5   415.0   408.9
   Operating profit [EBIT]    68.0    50.4    31.6    23.4
   EBIT margin                7.9%    6.1%    7.6%    5.7%

   As a result of price changes, revenue of the FBS segment in the first half
   of 2025|26 was € 859.1 million, a moderate increase from the same period
   one year earlier.

   EBIT of the FBS segment as a whole rose to € 68.0 million in the first six
   months of the financial year (H1 previous year: € 50.4 million), with
   sales volume remaining stable overall.

    

   Agricultural Commodities & Specialities (ACS) – Starch 

   € million, except %          H1      H1      Q2      Q2
                           2025|26 2024|25 2025|26 2024|25
   Revenue                   506.5   532.9   248.7   267.4
   Operating profit [EBIT]     3.1    24.9     0.3    15.5
   EBIT margin                0.6%    4.7%    0.1%    5.8%

   In the “ACS – Starch” segment, revenue was € 506.5 million in the first
   six months of 2025|26, a slight reduction from the year-earlier period.
   The decline was partially attributable to lower sales volumes of starch
   and saccharification products. Sales prices for ethanol (due to low market
   prices) and for saccharification products also decreased.

   The resulting narrower margins were the main reason for the low EBIT,
   which at € 3.1 million was very significantly below the year-ago figure.

    

   Agricultural Commodities & Specialities (ACS) – Sugar 

   € million, except %        H1      H1      Q2      Q2
                         2025|26 2024|25 2025|26 2024|25
   Revenue                 309.6   489.0   139.5   233.9
   Operating loss [EBIT]   –36.3   –11.1    –6.8   –10.0
   EBIT margin            –11.7%   –2.3%   –4.9%   –4.3%

   Revenue of the “ACS – Sugar” segment in the first half of 2025|26, at
   € 309.6 million, represented a significant reduction from one year
   earlier. The main reasons for the decline were significantly lower sales
   to the reseller sector and lower sugar sales prices.

   The EBIT result deteriorated sharply year-on-year to a deficit of € 36.3
   million. Price pressure was relatively high in the deficit markets
   (Central & Eastern Europe region), which had a negative impact on sales
   volumes with resellers. In connection with the restructuring of the sugar
   business (the closure of the sugar production facilities in Leopoldsdorf,
   Austria, and Hrusovany, Czech Republic), expenses of € 20.0 million,
   mostly in the form of staff costs, were recognised in the first half of
   2025|26. This exceptional item had an added negative impact on EBIT.

    

   Outlook

   At Group level for the full 2025|26 financial year, AGRANA expects a
   significant increase in operating profit (EBIT) compared with the previous
   year. Group revenue is projected to show a moderate decrease. The Group's
   total investment this financial year, at approximately € 100 million, is
   expected to be both significantly below the 2024|25 value and
   significantly less than the budgeted depreciation of about € 113 million.

    

   About AGRANA

   AGRANA converts agricultural raw materials into high-quality foods and
   numerous industrial intermediate products. With about 9,000 employees, the
   two business areas “Food & Beverage Solutions” and "Agricultural
   Commodities & Specialities” generate annual Group revenue of approximately
   € 3.5 billion at 50 production sites worldwide. Established in 1988, the
   company is the global market leader in fruit preparations and the world’s
   leading producer (and supplier) of apple juice concentrates and berry
   juice concentrates. AGRANA is the leading sugar company in Central and
   Eastern Europe and a major producer of customised potato, corn and wheat
   starch products as well as of bioethanol.

   For queries, please contact:
   Markus Simak, Public Relations
   +43 1 21137 12084, [3]markus.simak@agrana.com

   Hannes Haider, Investor Relations
   +43 1 21137 12905, [4]hannes.haider@agrana.com

    

   This announcement is available in German and English at [5]www.agrana.com.

      

   [6]^[1] EBITDA represents operating profit before: exceptional items,
   results of equity-accounted joint ventures, and operating depreciation and
   amortisation.

   [7]^[2] Investment represents purchases of property, plant and equipment
   and intangible assets, excluding goodwill.

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   09.10.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AGRANA Beteiligungs-Aktiengesellschaft
                F.-W.-Raiffeisen-Platz 1
                A-1020 Wien
                Austria
   Phone:       +43-1-21137-0
   Fax:         +43-1-21137-12926
   E-mail:      investor.relations@agrana.com
   Internet:    www.agrana.com
   ISIN:        AT000AGRANA3
   WKN:         A2NB37
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
                (Official Market)
   EQS News ID: 2210148


    
   End of News EQS News Service


   2210148  09.10.2025 CET/CEST

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