Dear Shareholders and Stakeholders,
We are pleased to present our Sustainability Report for the 2025 financial year. In agreement with the Board of Directors, we have chosen to reaffirm our commitment to voluntary reporting this year, aware of the value this tool offers in terms of complete information and transparency regarding our company’s performance.
The macroeconomic environment in 2025 was particularly challenging, characterized by persistent inflation, geopolitical tensions, and a resulting cautious attitude towards household spending. Despite this, the Company once again demonstrated its resilience, maintaining substantial stability in revenues and margins compared to the particularly positive 2024 financial year. This result was supported primarily by the excellent performance achieved in international markets, which delivered strong results, supported by increased brand‐building investments and strategic decisions focused on developing direct distribution.
2025 was an important year for the Company’s growth and progressive internationalization. We have completed the acquisition of 70% of Kele & Kele, a historic Slovenian company that owns the “Krepko” brand, a leading national kefir brand. With this transaction, the Valsoia Group enters the dynamic kefir market, further consolidating its brand portfolio diversification strategy and tapping into a new, high-potential segment in the health food sector.
At the same time, we continued to invest in promoting our brands and products, increasing innovation and communication efforts in both the health and traditional food segments. We have also reached the final stage of the expansion project for the Serravalle Sesia production hub: a strategic investment aimed at increasing operational efficiency, optimizing time-to-market, and further raising environmental sustainability and workplace safety standards. The decision to concentrate and internalize production clearly demonstrates our confidence in the strength of our business model and the development potential of our brands.
Thanks to these advances, along with the many other initiatives carried out during the year, we have successfully achieved our planned ESG objectives, following the guidelines of the 2025-2027 Sustainability Plan.
We will continue to operate with managerial discipline, responsibility, and attention to social and environmental needs, promoting active engagement with our stakeholders and investing in the growth of our human capital. The professionalism, talent, and sense of commitment of our people are the driving force that guides us toward achieving our ambitious future corporate goals.