Magnum Ice Cream Company N.V. (MICC.L,MICC.AS,MICC), a Dutch ice cream company, on Thursday reported a decline in net income for fiscal 2025, reflecting higher costs. In addition, revenue also decreased due to negative foreign exchange impact.
For fiscal 2025, the company reported a net income of EUR 307 million, less than the EUR 595 million in the previous year. "The decrease compared to the prior year was driven by a net increase of €118 million in higher separation and restructuring costs, higher net finance costs (€104 million), higher net monetary loss from hyperinflation in Türkiye (€31 million), and FX impact on operating, slightly offset by a lower tax charge," the company said.
For fiscal 2025, the company recorded net income per share of EUR 0.48, with adjusted profit of EUR 0.93 per share.
Pre-tax income stood at EUR 447 million as against EUR 747 million a year ago. Operating income declined to EUR 599 million from last year's EUR 764 million.
Excluding items, EBIT was EUR 917 million, compared with EUR 964 million a year ago. Adjusted EBITDA slipped to EUR 1.255 billion from EUR 1.340 billion last year. Revenue was EUR 7.910 billion, less than EUR 7.947 billion in the previous year.
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