Cheffelo, a leading, profitable supplier of mealkits in the Nordic region, operating under the brands Linas Matkasse in Sweden, Godtlevert in Norway, and RetNemt in Denmark, today publishes its Annual and Sustainability Report for the financial year 2025. The year was characterized by strong growth and profitability, while the company continued to develop its service and improve its sustainability performance.

A year of strong growth and profitability2025 was a year of significant progress for Cheffelo. Net sales grew 12.3% to MSEK 1,188, reaching the company's 2026 revenue target one year ahead of schedule. EBIT reached MSEK 73.4, corresponding to a margin of 6.2% which was above the upper end of the company's target range. During the year, the company delivered approximately 17 million meals to households across Scandinavia and finished with 13.5% growth in Active Customers at year end. Growth was driven by stronger customer acquisition and improved order frequency, with Norway being the primary growth engine, showing revenue growth of 24.2% in local currency.

The board has proposed a dividend of SEK 7.05 per share, corresponding to a total dividend of MSEK 91.8. This will bring total cash dividends distributed to shareholders to MSEK 182.4 since 2022.

Sustainability highlightsAlso, on the sustainability side, Cheffelo achieved several milestones during the year. Almost two-thirds of the recipes offered were classified as low climate impact according to the RISE methodology for CO₂ calculations. Food waste in production was reduced to 1.6 grams per portion, which is 36% lower than in 2024 and well below the company's target of 2.5 grams. Through its ongoing partnership with the Red Cross across all three markets, Cheffelo has contributed over SEK 700,000 in 2025 to initiatives combating food insecurity in Scandinavian households.

CEO comment"2025 was a year for Cheffelo where we established a new standard. We reached our 2026 revenue target a year early and delivered profitability above expectations, which is proof that our business model scales well. But what I'm perhaps most proud of is that we achieved this while continuing to improve the way we work: a more personalized mealkit experience, lower food waste, and a workplace where psychological safety and engagement continued to grow. We’re well into 2026 and currently have good momentum to support our growth ambitions," says Walker Kinman, CEO, Cheffelo. The Annual and Sustainability Report 2025 is attached and available at www.cheffelo.com.

For further information, please contact:

Peter Bodor, Head of Corporate Communications, CheffeloTelephone (SWE): +46 706 48 70 65E-mail: peter.bodor@cheffelo.com

Erik Bergman, CFO, CheffeloTelephone (SWE): +46 707 74 49 73E-mail: erik.bergman@cheffelo.com

About Cheffelo

Cheffelo is a leading, profitable Scandinavian mealkit provider that helps people eat well without the hassle of planning and shopping. Since 2006, Cheffelo has made it easier to enjoy varied, nutritious homecooked meals by delivering personalized meal kits with minimal food waste. With nearly 400 highly engaged employees, the company manages its own production facilities, integrating customer-unique packing processes and proprietary technology infrastructure to streamline operations and enable epic customer experiences. The company operates under the brands Linas in Sweden, Godtlevert in Norway, and RetNemt in Denmark. In 2025, Cheffelo generated SEK 1.2 billion in revenue and delivered approximately 17 million meals. Cheffelo is listed on Nasdaq First North Premier Growth Market (ticker: CHEF). www.cheffelo.comwww.linkedin.com/company/cheffelo

Attachments

Cheffelo Annual And Sustainability Report 2025 EN