• Between 2022 and 2025, the Company has completed its largest investment cycle in recent years, allocating more than 153 million euros to strengthen its industrial capabilities, accelerate innovation, and consolidate its growth and expansion.
• Looking ahead to 2026, the company will maintain a robust pace of investment, with a projected investment of 75 million euros earmarked, among other things, for new industrial projects in Spain and the United States to bolster its growth and competitiveness.
• Cerealto continues to drive innovation and product development in high-growth categories such as snacks, pancakes, breakfast foods, and other products on-the-go (ready-to-go). In 2025, the Company launched more than 277 products, 74 of which were new products.

Venta de Baños, May 22, 2026 – Cerealto, a leading manufacturer of cereal-based foods for brands and retailers worldwide, The company closed the 2025 fiscal year with sales of 574 million euros and recurring EBITDA of 53 million euros, consolidating its growth in a particularly challenging environment for the food industry.

Key figures and statistics for 2025

• Cerealto reported revenue of 574 million euros in 2025, up 9.3% from the previous year.
• Recurring EBITDA stood at 53 million euros, representing a 12% increase compared to 2024.
• Between 2022 and 2025, the Company completed the largest investment cycle in its recent history, allocating more than 153 million euros to strengthen its industrial capabilities, accelerate innovation, and support its expansion.
• 53 million euros will be invested in 2025 alone in key regions to expand production capacity, strengthen competitiveness, and support future growth.
• A planned investment of more than 75 million euros by 2026 to drive Cerealto’s expansion, including new industrial projects and production capacity in Spain and the United States, thereby strengthening the Company’s presence in key strategic markets for its growth.
• The company launched 277 products during the fiscal year, 74 of which were new products, reinforcing its focus on high-growth categories such as snacks and breakfast foods.
• Between 2021 and 2025, Cerealto reduced its water consumption by 27%, electricity consumption by 10%, and gas consumption by 13% relative to the number of tons produced.
• Cerealto currently has more than 3,900 employees, further solidifying its growth.

Key strategic milestones for the fiscal year

Cerealto’s strong performance in 2025 reflects the Company’s ability to combine agility, flexibility, and industrial scale, helping its customers adapt to new consumer trends without compromising on quality or competitiveness. Currently, the Company works with some of the leading international retailers and brands, developing a wide range of cereal-based products, from cookies and bars to breakfast cereals and snacks.

The company’s performance for the fiscal year was driven by sustained growth in contract manufacturing, as well as ongoing investment in industrial capacity, innovation, and global expansion. Between 2022 and 2025, Cerealto completed the largest investment cycle in its recent history, allocating more than 153 million euros to strengthen its operations, expand production capacity, accelerate innovation, and enhance its industrial competitiveness in key markets.

Other key strategic milestones for the year include:

• Market Presence: An agreement with Fresca Foods, a U.S.-based specialist in natural and organic snacks, that will strengthen Cerealto’s industrial presence in the United States and accelerate its expansion through new manufacturing capacity in the North American market.
• Growth: signing of a €110 million syndicated loan to strengthen operational capabilities and support the Company’s long-term growth. The confidence shown by the financial institutions reflects the strength of Cerealto’s industrial strategy and the positive performance of the business in recent years. Sale of its pasta business and the manufacturing facility for these products, located in Venta de Baños (Palencia, Spain), to Cerealis, a company specializing in pasta. The transaction is part of Cerealto’s strategic decision to focus its efforts on the main product categories in which it operates: snacks and breakfast foods.
• Product: A strong focus on innovation and the development of new products, particularly in strategic categories such as rice and corn cakes, snacks, and breakfast foods.
• Sustainability: A cornerstone of its strategy, with key milestones such as: a 10.5% reduction in its carbon footprint compared to 2023, the installation of solar panels at its factories, and a nearly 6% reduction in water consumption.

Looking ahead, Cerealto hopes to build on its current momentum. It enjoys the continued support of its shareholders, Afendis and Davidson Kempner, and plans to invest an additional 75 million euros by 2026 across all the regions where it operates, focusing on expanding capacity and improving efficiency.

Promoting innovation and adapting to new consumer trends

Innovation remained one of the Company’s main drivers of growth. In 2025, Cerealto allocated 4.5 million euros to innovation projects and launched 277 products, 74 of which were new items.

Cerealto made progress in developing products aligned with health and nutrition trends, as well as formats tailored to today’s lifestyle for flexible consumption, including chia seed cookies, mini and on-the-go rice and corn cakes, oat-based and low-sugar products, protein- and fiber-rich products, and new cakes made with legumes.

Bosco Fonts, CEO of Cerealto, stated:

“2025 has been a year of solid progress for Cerealto amid a particularly challenging external environment. We have achieved significant milestones, supported by a major investment effort by the Company—more than 153 million euros over four years—to strengthen our industrial capabilities and consolidate our growth and expansion, while continuing to sharpen our focus on strategic categories and enhance our value proposition for customers and consumers.

The cereal-based food categories are currently experiencing tremendous growth, driven by trends such as the rise of protein- and fiber-rich products and the shift toward more flexible eating habits centered around snacking. Our expertise and capacity for innovation have enabled us to support our clients through this transformation by developing new recipes, formats, and solutions tailored to these trends.

With new investments planned in both Europe and the United States, we are well-positioned to continue growing and becoming more competitive in the coming years.”

About Cerealto

Cerealto is the leading manufacturer of high quality, cereal-based foods for brands and retailers worldwide. We partner with clients to design and deliver some of the world’s favourite everyday foods – from biscuits and bars to cereals and snacks.

The company employs 3,900 people and operates eleven production centres across Spain, Portugal, the UK, the US and Mexico. It specialises in private label and co-manufacturing, reporting annual revenues of €574 million and producing enough food to feed more than 120,000 households each year.

The business is backed by Afendis Capital Management and Davidson Kempner Capital Management, specialist investors with deep experience in food manufacturing businesses.

For more information, please visit: www.cerealto.com