**Summary of The Magnum Ice Cream Company N.V. 2025 Full Year Results**
The Magnum Ice Cream Company N.V. (TMICC) reported solid operational performance for 2025, with sales of €7.9 billion, a 4.2% organic sales growth (OSG), and a 1.5% volume growth. Despite a 0.5% decline in reported revenue due to forex impacts, the company demonstrated resilience in a challenging environment. Key highlights include
**Financial Performance**
Revenue remained stable at €7.9 billion (FY 2024: €7.9 billion), with OSG of 4.2% driven by volume growth of 1.5% and price growth of 2.6%.
Operating profit decreased to €599 million (FY 2024: €764 million) due to increased separation and restructuring costs (€118 million) and forex effects.
Adjusted EBITDA margin was 15.9% (FY 2024: 16.9%), impacted by forex (-50bps) and Transitional Service Agreements (TSAs) costs (-50bps).
Free Cash Flow (FCF) was €38 million (FY 2024: €803 million), significantly lower due to demerger-related outflows and TSA costs.
**Operational Highlights**
All regions contributed to growthwith Europe & ANZ at 3.3%Americas at 0.8%and AMEA at 10.9%.
Leading brands (Magnum, Ben & Jerry’s, Cornetto, Heartbrand) drove growth with 150 new launches, including Magnum Utopia and Cornetto Max.
Productivity program delivered €180 million in savings (FY 2024: €70 million), on track to achieve €500 million savings.
**Strategic Milestones**
Successful €3 billion bond issuance secured long-term funding.
Demerger completedwith listings in AmsterdamLondonand New York.
Separation from Unilever progressed, with TSA exits on track for completion by 2027.
**Future Outlook**
Expected 3% to 5% OSG in 2026, with underlying margin improvement of 40 to 60bps.
Focus on growth strategy, productivity, and reinvestment in brands to drive profitable growth.
**CEO Commentary**
Peter Ter Kulve emphasized the company’s strong operational performance, brand momentum, and progress in the demerger. He highlighted the resilience of the business despite external challenges and expressed confidence in the growth strategy for 2026.
**Regional Performance**
**Europe & ANZ**3.3% OSG, led by the UK, France, and Spain. Magnum, Ben & Jerry’s, and Cornetto drove growth with innovations like Magnum Bonbons and Cornetto Max.
**Americas**0.8% OSG, with gains in the US and Mexico. Yasso and Ben & Jerry’s led growth, supported by partnerships and innovations.
**AMEA**10.9% OSG, with strong performance in Türkiye, Pakistan, and China. Innovations like Magnum Dubai and Cornetto multi-layer sticks drove growth.
**Financial Position**
Net debt increased to €2,967 million (FY 2024: €263 million) due to bond issuance and demerger-related financing.
Pension position improved, with a net asset of €2 million (FY 2024: net liability of €98 million).
**Conclusion**
TMICC demonstrated resilience in 2025, achieving solid growth and strategic milestones despite challenges. The company is well-positioned for future growth, with a clear strategy, strong brands, and a focus on productivity and innovation.
| Metric | FY 2025 | FY 2024 | Change |
|---|---|---|---|
| Revenue (€ billions) | 7.9 | 7.9 | -0.5% |
| Organic Sales Growth (OSG) | 4.2% | 2.8% | +1.4% |
| Operating Profit (€ millions) | 599 | 764 | -21.6% |
| Adjusted EBITDA (€ millions) | 1,255 | 1,340 | -6.3% |
| Adjusted EBIT (€ millions) | 917 | 964 | -4.9% |
| Free Cash Flow (FCF, € millions) | 38 | 803 | -95.3% |
| Net Debt (€ millions) | 2,967 | 263 | +1,028.1% |
| Adjusted EBITDA Margin | 15.9% | 16.9% | -0.6% |
| Adjusted EBIT Margin | 11.6% | 12.1% | -0.5% |