Mondelez International reported solid fourth-quarter and full-year 2025 results on February 3, 2026, despite heavy pressure from rising cocoa prices that weighed on profitability.
The global snacks group said Q4 organic net revenue grew 5.1%, while full-year organic growth reached 4.3%. Reported net revenues for FY2025 increased 5.8%, showing continued pricing strength across key markets.
However, higher input costs and volume pressure impacted earnings performance.
Full-year diluted earnings per share fell 44.7% to $1.89, while adjusted EPS declined 14.6% to $2.92 on a constant currency basis. Volume and mix for the year dropped 3.7%, reflecting softer consumer demand in several categories.
Despite margin pressure, Mondelez generated strong cash flow. Operating cash flow reached $4.5 billion, with $3.2 billion in free cash flow. The company returned $4.9 billion to shareholders through dividends and share repurchases during the year.
Management said cocoa inflation remained the main cost headwind in 2025, affecting chocolate profitability across global markets. The company expects cost pressures to stabilise gradually in 2026, supporting margin recovery efforts.
Looking ahead, Mondelez confirmed plans to focus on volume recovery, brand investment, structural cost savings and disciplined capital allocation. The group also highlighted its global supply chain scale and route-to-market network as key advantages for long-term growth.
For supermarkets and retail partners, the results underline continued pricing sensitivity in confectionery and snack categories, alongside ongoing supplier efforts to protect margins while rebuilding volume momentum.
Editor’s Note: Financial data is based on Mondelez International’s Q4 and FY2025 earnings announcement released on February 3, 2026.
