Nomad Foods Reports Third Quarter Financial Results
The company is on track to deliver full year results near the low end of its existing guidance ranges.
Today, Nomad Foods Limited (NYSE: NOMD) shared its financial outcomes for the three and nine month periods concluded on September 30, 2025. The results reveal a decrease in revenue, with several challenges faced throughout the quarter.
Key Financial Highlights
In comparison to the third quarter of 2024, the company reported:
- Revenue decreased by 2.2% to €752 million.
- Organic revenue declined 1.6%, alongside a volume decline of 0.5%.
- Adjusted gross margin faced a contraction of 420 basis points.
- Adjusted EBITDA fell by 14.2% to €143 million.
- Adjusted EPS decreased by 10.9% to €0.49.
Management Remarks
Stéfan Descheemaeker, Chief Executive Officer of Nomad Foods, expressed, "The third quarter results were in line with our expectations despite facing several pressures. We encountered weather-related challenges in July and weaker performance in the UK, which overshadowed progress made in our Growth Platforms. However, we noted a return to growth by the end of the quarter and improvements in retail sell-through in the UK. Looking ahead, we are optimistic about our innovation pipeline and efficiency programs set for 2026, which are crucial for sustaining growth. Though much work remains, I am encouraged by our progress."
Noam Gottesman, Co-Chairman and Founder, commented on the challenging financial year, pointing out the robust fundamentals and strategic initiatives being implemented across the company.
Comparative Financial Performance
The Q3 2025 results in detail:
- Revenue: Decreased to €752 million. Organic revenue fell by 1.6%, negatively impacted by a slight volume drop and adverse pricing.
- Adjusted gross profit: Dropped 14.7% to €212 million, with the gross margin down to 28.1%, primarily due to supply chain inflation.
- Operational expenses: Reduced to €94 million, showing an 11.9% decline.
- Adjusted Profit: For the period, adjusted profit decreased by 20% to €72 million, with adjusted EPS reflecting this at €0.49, a €0.06 decline.
Forecasts and Future Steps
Nomad Foods anticipates completing the year close to the lower threshold of its existing guidance ranges. The company predicts organic revenue to remain near the low end of a flat to -2% estimate, with adjusted EBITDA expected to land at the lower range of -3% to -7% relative to the previous year.
Going forward, Nomad Foods plans to maintain a strong focus on innovative products and enhancing operational efficiency, positioning for better financial performance in the coming years. These strategies are underpinned by continuing efforts to stabilize its UK operations and optimize supply chains, anticipating significant growth drivers moving into the next fiscal year.
Frequently Asked Questions
What key figures were reported for Nomad Foods in Q3 2025?
The company reported total revenue of €752 million, a decline of 2.2% from the same quarter last year.
How did organic revenue perform in Q3?
Organic revenue declined by 1.6%, reflecting a volume drop of 0.5%.
What is the outlook for Nomad Foods going forward?
Nomad Foods expects to deliver results near the lower end of its guidance for organic revenue and adjusted EBITDA as part of future growth plans.
What challenges has Nomad Foods faced recently?
The company experienced weather-related pressures and a soft market performance in the UK, impacting overall results.
Who is the new CEO of Nomad Foods?
Dominic Brisby is set to take over as CEO, where he will lead the company towards enhancing its growth and performance strategies.
