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Net sales growth and positive profit development continued in the third quarter, despite cost pressures. Net sales from continuing operations grew by 3.2% to EUR 255.1 million. Sales grew across all sales channels. In retail, growth was particularly strong in Kariniemen^® brand’s poultry products and in HK^® brand’s ready meals, in line with our strategy. Higher sales prices of beef also increased net sales.

Comparable EBIT from continuing operations increased by 5.3% to EUR 12.4 million, strengthened by sales growth in the retail and food service channels. Profitability for January–September was also supported by improved profitability of beef and measures under our efficiency programme. Cost increases resulting from the war in Iran have been incorporated into sales prices from the end of the review period onwards.

During the review period, we also strengthened our financing structure and issued four-year senior secured notes of EUR 90 million, the proceeds of which were used to refinance notes maturing in 2027. In addition, we agreed on a new bank financing arrangement. In the third quarter, the profit for the period from continuing operations improved to EUR 16.8 (7.4) million, mainly due to a calculational modification gain related to the refinancing of notes. The lower margin on the new notes will bring the company annual cash flow savings of approximately EUR 3.5 million.

Read more: Interim Report Q3/2026
Webcast (in Finnish) starting at 10:00 a.m. EET

The Annual General Meeting of HKFoods Plc was held on 22 April 2026 in Turku, Finland. 
More information and resolutions

HKFoods Plc's Annual Review has been published! The Annual Review includes a summary of the year 2025, the Report of the Board of Directors and the Financial Statements, as well as the Corporate Governance Statement and the Remuneration Report. The Report of the Board of Directors includes the company’s Sustainability Statement in accordance with the ESRS standards.

Explore the Annual Review

In HKFoods’ updated strategy, the core business will continue to be pork, beef and poultry meat, meat products, ready meals and meal components. HKFoods' strategic focus areas are growth in selected food moments, operational excellence, competent, healthy personnel, and sustainable value chain. Our target is to achieve profitable and sustainable growth as well as a strong presence in consumers' food moments as a valued partner. Our focus is on growing product segments: strong and innovative poultry products, and meals and meal components. Meat and meat products remain at the core of the company’s operations and play a significant role.

Read more about HKFoods’ strategy