TOMRA Reports Record Food EBITA, Market Shift in Q2 2025

TOMRA Systems ASA, a global leader in sensor-based resource optimization technology, has released its Q2 2025 financial results, revealing varying dynamics across its three core divisions—Collection, Recycling, and Food.

Tove Andersen, President and CEO of TOMRA Systems ASA, noted:

"The second quarter has seen large variations in market dynamics between our three divisions. In Collection, there is high activity in preparation for Poland and Portugal’s upcoming deposit return systems, but we have had a momentary slowdown in sales reflecting the phasing of new deposit markets. Recycling delivers revenues in line with last year’s second quarter, but the order intake is impacted by continued macroeconomic and tariff uncertainty which is postponing customers’ investment decisions. Encouragingly, the market sentiment in Food is improving. Food delivers solid revenues and a record high EBITA in the quarter. With a record order intake and an all-time high order backlog, we see potential for higher growth in Food this year."

Segment Highlights:

Group Revenues were €325 million, a 2% decline from Q2 2024 (€333 million).
Collection revenues dropped 12% to €169 million (Q2 2024: €193 million) due to timing shifts in deposit return system rollouts.
Recycling maintained revenues at €57 million, but order intake fell 37% to €41 million, and order backlog declined 20% to €107 million.
Food emerged as the standout performer with a 15% rise in revenue to €94 million (Q2 2024: €82 million), a record order intake of €106 million (up 28%), and a 15% increase in backlog to €137 million.

Profitability & Financial Metrics:

The gross margin remained steady at 44%.
Collection gross margin improved to 42% (Q2 2024: 40%).
Recycling saw a drop to 46% (Q2 2024: 53%) due to volume and mix.
Food gross margin rose to 46% (Q2 2024: 45%) as a result of cost savings and high volumes.
Adjusted operating expenses declined slightly to €100 million.
EBITA (adjusted) stayed flat at €44 million, with the EBITA margin rising to 14% (Q2 2024: 13%).
The Food division led profitability with an 18% EBITA margin, up from 10%.
Earnings per share (EPS), adjusted for special items, was €0.08 (Q2 2024: €0.08).
Cash flow from operations was €17 million, down from €34 million in Q2 2024.

Outlook & Strategy:

Despite macroeconomic uncertainty, TOMRA continues to see strong potential in the Food segment, supported by global orders from APAC, EMEA, and the Americas. The Collection segment is poised for growth as new deposit return systems come online, while the Recycling division is expected to recover once investment sentiment improves.

Webcast Access:
A live webcast of the results presentation by CEO Tove Andersen and CFO Eva Sagemo was held on July 17, 2025, and is available on demand at:
🔗 Webcast Link