Magnum Ice Cream Company reports sales of US$8.53B for 2025 full year results

NETHERLANDS – Magnum Ice Cream Company has reported that FY 2025 revenue was US$8.53 billion (€7.9 billion), with +4.2% organic sales growth (OSG) year-on-year, driven by +1.5% volume growth and +2.6% price growth. Reported revenue -0.5% due to forex.

Operating Profit was US$647 million (€599 million), reflecting a planned net increase of US$127.4 million (€118 million) in separation and restructuring costs in 2025 vs 2024 and forex translation effect

FY 2025 Adjusted EBITDA margin was 15.9% (FY 2024: 16.9%), impacted by forex translation effect (-50bps) and previously allocated depreciation costs, which are charged as a cash cost from H2 2025 due to Transitional Service Agreements (TSAs) (-50bps)

FY 2025 Adjusted EBIT margin 11.6%, with forex translation effect (-50bps). Productivity programme on track, with €180 million savings delivered in 2025. There was a Successful and significantly oversubscribed debut €3 billion bond issued, securing long-term funding.

Peter Ter Kulve, CEO: “We delivered a solid operational performance in 2025, with broad-based organic sales growth of 4.2%, outperforming the growing global ice cream market and consolidating our leading position whilst we delivered a complex company separation. I am particularly pleased with our 1.5% volume growth, reflecting the continued momentum behind our well-loved brands. Our four leading brands, Magnum, Ben & Jerry’s, Cornetto and the Heartbrand, were the driving force behind our performance, with 150 new launches, including Magnum Utopia and Cornetto Max.

Net profit in 2025 was US$331.6 million (€307 million) (FY 2024: €595 million).  The decrease compared to the prior year was driven by a net increase of US$127.4 million (€118 million) in higher separation and restructuring costs, higher net finance costs, higher net monetary loss from hyperinflation in Türkiye, and FX impact on operating, slightly offset by a lower tax charge.

Magnum delivered high single-digit organic sales growth driven by the global launch of Magnum Utopia across all regions and the further rollout of Magnum Bonbons in multiple markets including the Nordics, Spain and Poland.

Ben & Jerry’s delivered over 3% organic sales growth, driven by the introduction of 25 new flavour and format combinations across pints, mini cups, sharing tubs, scooping and snackable bites.

Cornetto delivered high single-digit organic sales growth, supported by the launch of the next generation MAX cone featuring a layered texture and premium ingredients in the EU and Türkiye.

The Heartbrand delivered low single-digit organic sales growth, driven by the Asian roll out of the Chinese multi-layer sticks innovation. The successful Brazilian bites formats were rolled out to Asia and the rest of Latam.

Full year 2026 Outlook

Looking ahead, the external environment remains uncertain. The ice cream market is resilient and has good momentum and is anticipated to grow between 3% and 4% in 2026.

The company expects organic sales growth for 2026 to be between 3% to 5% and expect an Adjusted EBITDA margin improvement of 40 to 60bps, on a comparable perimeter basis with 2025.

The reported improvement in Adjusted EBITDA margin is expected to be 0 to 20bps, primarily due to the impact of the anticipated acquisition of the India business in H1 2026.

It also expect the improvements in the year to be weighted more in the second half of 2026 due to the phasing of TSAs and commodity prices.

Subscribe to receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world. SUBSCRIBE HERE