Full Year 2025 Nestle SA Earnings Call Transcript

Feb 19, 2026 / 08:00 AM GMT

Release Date Price: CHF81.43 (+3.86%)

Transcript

Key Points

Positve

Nestle SA (NSRGF) reported solid top-line growth with positive organic growth and improving momentum from the first half to the second.
The company overdelivered on its cost savings program, achieving CHF1.1 billion in savings, which was CHF350 million above the target.
Nestle SA (NSRGF) is proposing a dividend increase to CHF3.1, reflecting confidence in its financial performance.
The company is focusing on expanding its growth investments and upgrading marketing, with a clear strategy to drive long-term value creation.
Nestle SA (NSRGF) is actively managing its portfolio, with a focus on coffee, pet care, nutrition, and food and snacks, aiming for sustainable growth and market share gains.

Negative

The company faced significant inflation in coffee and cocoa, impacting gross margins.
Sales were negatively impacted by foreign exchange due to the strengthening of the Swiss franc, with further headwinds expected in 2026.
Nestle SA (NSRGF) experienced a decline in its underlying operating profit margin, mainly due to input cost inflation and increased advertising and marketing spend.
The infant formula recall had a financial impact, with an estimated CHF75 million hit to the underlying operating profit margin in 2025.
China remains a challenging market for Nestle SA (NSRGF), with ongoing model changes impacting growth and negative category growth in the region.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NESN.S - Nestle SA
Full Year 2025 Nestle SA Earnings Call
Feb 19, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

I'm 25s results conference call.

I'm David Hancock, Head of Investor relations, and I'm joined today by Philip Navratil, CEO, and Anamann's CFfo.

Before we get started, please take a moment to review the disclaimer on slide 2.

So let me quickly take you through the agenda.

We'll start with an overview of the key messages.

Re reviewed the 2025 financials and then move on to a strategic update.

We will then open the lines for Q&A.

And with that, I'll hand over to Philip.

Thank you David

Good morning all and thank you for joining us and a special thanks to those of you joining from the Cagney conference in Florida.

I know for

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