Netherlands' Corbion 2025 EBITDA grows 16.7% but misses estimates

Corbion NV

26/02/2026 06:09

Corrects throughout to show Adjusted EBITDA was EUR 204.3 mln, not -EUR 4 mln, and slightly missed Consensus Estimates

Overview

The Dutche sustainable food-ingredients firm's 2025 organic sales grew 2.2%, with Q4 up 5.4%

Adjusted EBITDA for 2025 grew 16.7%, but slightly missed analyst expectations

Company plans to distribute €1.00 per share dividend, including a special dividend

Outlook

Corbion expects FY 2026 organic sales growth of 3-6%

Company anticipates FY 2026 adjusted EBITDA margin of ~17%

Corbion projects FY 2026 free cash flow of €85-90 mln

Result Drivers

VOLUME/MIX GROWTH - Positive volume/mix growth in Functional Ingredients & Solutions and Health & Nutrition segments drove sales

MARGIN IMPROVEMENT - Adjusted EBITDA margins increased due to cost reductions and specialty product development

PRICING PRESSURE - Pricing declined due to temporarily lower fish oil prices and exposure to short-term contracts in aquaculture

Company press release: ID:nGNE2D1ZSy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EBITDA
Slight Miss*
EUR 204.3 mln
EUR 204.8 mln (8 Analysts)
FY Adjusted EBITDA Margin
16.10%
FY Operating Result
EUR 116.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty chemicals peer group is "buy"

Wall Street's median 12-month price target for Corbion NV is €23.50, about 13.4% above its February 25 closing price of €20.72

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)