TINE Gruppa reports strong revenue growth in Q2 2025 despite margin decline

TINE Gruppa reported a 4.0% increase in sales revenue to NOK 9,905 million in the second tertial of 2025, reflecting a 4.2% growth when adjusted for currency effects. This growth was primarily attributed to price adjustments to offset rising costs and a favorable sales mix. Despite the revenue growth, the EBIT margin decreased by 1.1 percentage points compared to the same period in 2024, impacted by surplus milk in Norway and reduced profitability in international operations.

EBITDA for the group reached NOK 1,361 million, resulting in an EBITDA margin of 13.6%. While this represents a slight decline from the 14.9% reported in the second tertial of 2024, the group's financial position remains stable. Equity increased to 57.6% of total assets, and net interest-bearing debt was NOK 1,867 million.

Net cash flow from operating activities was NOK 1,844 million, contributing to a free cash flow of NOK 1,155 million for the period. TINE SA, a key segment, saw a 4.1% rise in sales, driven by strong performance in flavored milk and yogurt categories, offsetting weaker sweet milk sales.