Deoleo increases EBITDA by 50% to US$58M, reports US$23M in net profit
According to the company’s latest annual report, the 50% increase over the previous year reflects the success of the company’s strategic reorganization and a more favorable global agricultural climate.
SPAIN – Deoleo, the world’s largest olive oil producer and maker of iconic brands like Bertolli and Carbonell, announced stellar full-year 2025 financial results, marking a pivotal turnaround in its EVOO-lution strategy.
The company reported EBITDA surging 50% to €50 million (US$58.04M) from the prior year, alongside a robust net profit of €20 million (US$23.22M), reflecting strong execution amid stabilizing olive oil markets.
This impressive growth capped a transformative year for Deoleo, headquartered in Madrid, as sales volumes expanded by 11%, driven by double-digit gains across key international markets, including Spain, Italy, the United States, India, and Northern Europe.
Unit gross margins improved 17%, fueled by operational efficiencies and a focus on value creation despite earlier raw material price volatility.
By markets, the solid evolution of volumes in key geographies such as Spain (+18%) and Italy (+12%) stands out, as well as growth in the United States (+3.5%), a strategic market where the company has maintained its market shares despite the impact of the exchange rate and the tariffs imposed by that country.
CEO Cristóbal Valdés highlighted the results as evidence of the company’s resilience, noting that innovation played a starring role through new product launches in vinegars and hot-cooking oils, and that the Dress & Drizz format now spans nine countries, delivering 25% higher margins than standard offerings.
The EVOO-lution roadmap, emphasizing premium extra virgin olive oil (EVOO) expansion and portfolio diversification, turned consumption recovery into tangible profitability.
Deoleo’s agility in passing on price adjustments to consumers while protecting margins underscored its competitive edge in a sector challenged by global supply disruptions and inflation in prior years.
International performance accelerated, with brands delighting consumers worldwide through expertise and passion from its global teams.
Looking ahead, these figures position Deoleo for sustainable growth, reinforcing investor confidence after years of navigating high input costs.
The Madrid-based firm, listed on the Spanish stock exchange, outperformed expectations, with EBITDA hitting the €50 million (US$58.04M) milestone that analysts had forecasted as a recovery target.
This success not only slashes previous net losses, such as €9.7 million (US$11.27M) in earlier challenging semesters, but also signals a resilient business model capable of generating long-term value in the competitive edible oils market.
Deoleo’s 2025 achievements underscore Spain’s leadership in olive oil innovation, potentially inspiring peers in the food sector to prioritize margins and diversification.
Deoleo faces 2026 with confidence, supported by the recovery of consumption and the solidity of its iconic brands.
The company is focused on continuing to generate value for its shareholders and trusts by consolidating growth in volumes and improving unit margins through the industrial and commercial efficiency initiatives of its strategic plan.
Deoleo appoints Vishal Sarin as India General Manager
Inparallel to a strong financial report, Deoleo has appointed Vishal Sarin as General Manager, India, as the olive oil manufacturer strengthens its presence in one of its priority global markets.
The company operates in India through its flagship brand Figaro.
Sarin brings over 25 years of experience across FMCG companies, including Unilever, GSK Consumer Healthcare, and PepsiCo.
In his new role, Sarin will oversee business strategy, commercial operations, and organizational capability in India.
His mandate includes expanding distribution, refining the channel strategy, and reinforcing Figaro’s position in the olive oil category.
Before joining Deoleo, Sarin was part of Unilever’s India Customer Development leadership team as General Manager, Central India.
He also led Category Strategy and Planning, focusing on portfolio direction, revenue management, and execution across categories.
With this appointment, Deoleo aims to deepen its India operations and strengthen Figaro’s leadership in the olive oil segment.
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