Cerealto, an international manufacturer of private label and co-manufactured food products, today announces its full year results for the 12 months ending 31 December 2025, with revenues of €574 million and recurring EBITDA of €53 million, consolidating its growth in a particularly demanding environment for the food industry.
Financial and operational highlights
- Revenue of €574m, representing year-on-year growth of 9.3%.
- Strong operational performance, with recurring EBITDA of €53m, up 12%
- €153m invested between 2022 and 2025 in industrial capabilities, innovation and international expansion, marking the largest investment cycle in the company’s recent history
- Acquisition of Fresca Foods expands Cerealto’s manufacturing footprint in the US
Strategic progress and highlights
Cerealto’s strong performance in 2025 was driven by the continued growth of co-manufacturing, alongside a large-scale investment programme. Between 2022 and 2025, the company invested more than €153m to strengthen operations, expand production capacity, accelerate innovation and enhance industrial competitiveness across key markets. This included €53m invested in 2025 alone to support future growth and manufacturing capability.
- Acquisition of Fresca Foods, a natural and organic snacking specialist, expanding Cerealto’s manufacturing footprint in the US
- Secured a €110m syndicated financing facility to support operational capability and longer-term growth
- Completed the successful sale of the pasta business in Palencia, Spain, sharpening focus on core snacking and breakfast categories where it has deep expertise and strong headroom for growth
- €4.5m invested in innovation projects; over 277 product launches in 2025, including new SKUs and recipes across across strategic categories such as rice and corn cakes, snacks and breakfast
- Continued progress on sustainability in 2025, reducing the business’ carbon footprint by 10.5%, installing photovoltaic solar panels at its factories. Progress was supported by a 27% reduction in water consumption, a 10% reduction in electricity consumption and a 13% reduction in gas consumption between 2021 and 2025
Looking ahead, Cerealto expects to build on its strong momentum with the continued support of shareholders Davidson Kempner and Afendis, alongside plans to invest a further €75 million in 2026 across its geographies, focused on expanding capacity and driving operational efficiency.
