Financials & Economy

The company’s revenue also climbed 24% year-on-year to N442.1 billion (US$363.6 million), buoyed by strong performances in flour, rice, and pasta segments.

The company will pay a dividend of EGP 0.85 (US$0.017) per share to eligible shareholders.

Kellanova posted mixed results for its fiscal 2025 first quarter, stating that the company is currently focused on navigating a volatile global economic climate as it moves closer to being acquired by Mars Inc.

The Hanover-based snack company met Wall Street’s earnings-per-share target and achieved a total volume increase of more than 6%, despite a challenging consumer environment.

According to the company, the results reflect the broader economic headwinds affecting Egypt’s food and grain processing sector.