The quarterly and full-year growth contributed to strong profitability, with a new Q4 EBIT profitability record of 11.3%, and full-year EBIT increasing 76.1% to MSEK 73.4 or 6.2% of Net sales, largely driven by top line growth.

Cheffelo's Net sales grew by 9.1% in the fourth quarter, with Net sales growth landing at 12.3% for the full year. The Norwegian market led the way with 23.5% growth during the fourth quarter, and in February the company announced the consolidation of the Adams Matkasse brand with the Godtlevert brand. This move is designed to offer Norwegian customers an even more personalized meal kit experience, while at the same time giving Cheffelo efficiency gains aimed at further strengthening competitiveness in the Norwegian market.

In Sweden, with the Linas brand, Net sales grew by 4.0% in the quarter and 9.3% for 2025, supported by continued traction in customer acquisition, a stable improvement in order frequency and improved customer lifetime. Denmark, with the RetNemt brand, posted a decrease in Net sales by -3.5% in Q4 and -0.4% for 2025, reflecting a cautious consumer environment. Year-on-year comparability across all markets is also impacted by one less delivery week in 2025 relative to 2024.

During 2026, Cheffelo will expand its geographic footprint, by leveraging its existing fulfillment capabilities and run a cross-border pilot project in Finland. Further details will be shared closer to launch, for which a date has not yet been set.
 
With stronger profitability and increased cash flow, Cheffelo’s Board will propose a SEK 7.05 per share dividend corresponding to a total dividend of MSEK 91.8. This brings total cash dividends distributed to shareholders to MSEK 182.4 since 2022.

CEO Walker Kinman commented: “Our Q4 and full year 2025 results have exceeded expectations, and I am proud of the Cheffelo team for their strong performance while continuing to develop and improve our business. Looking ahead, we have a strong pipeline of initiatives – consolidating to one brand in Norway, offering even more recipe options and  personalization to our customers, and launching a pilot in Finland. These will further enhance our customer proposition and support our long-term ambitions and continued profitable growth.”

 Please see Cheffelo’s Q4 and full-year report attached and on https://cheffelo.com/financial-reports/

Cheffelo hosts a webcast for investors, analysts and media on February 19 at 09:00 CET. Details can be found here: https://finwire.videosync.fi/cheffelo-year-end-report-2025