The Magnum Ice Cream Company demerger

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Decline

The Magnum Ice Cream Company demerger

As previously announced, The Magnum Ice Cream Company (TMICC) is progressing towards full separation from Unilever, now operating as a standalone company under the name The Magnum Ice Cream Company (TMICC). TMICC will be incorporated in the Netherlands, with shares expected to list in Amsterdam, London, and New York in mid-November 2025.

TMICC presented its strategy and investment case at a Capital Markets Day in London on 9 September. A Shareholder Circular will follow in October, with prospectuses issued approximately one week ahead of the listing.

Unilever will retain a minority stake (<20%) in TMICC post-demerger, to be sold down over time to support separation costs and capital flexibility. From Q4, Unilever will report Ice Cream as a discontinued operation and plans a share consolidation to ensure post-demerger comparability of share price, EPS, and DPS.

View a detailed introduction to TMICC (PDF 4.5 MB)

Warren Ackerman from Barclays and Peter ter Kulve, CEO of The Magnum Ice Cream Company, dressed in business attire seated in a modern, well-lit room with large windows and a tall green plant. Warren on the left is holding papers and gesturing while Peter listens with legs crossed. A small round table between them holds glasses of water and a range of ice creams on a display stand.

Key links

The Magnum Ice Cream Company Capital Markets Day

On Tuesday, 9 September 2025, TMICC hosted their Capital Markets Day, where they presented their strategy as a stand-alone company, shared their financial performance and medium-term outlook, and provided in-depth insights into their key markets and channels through presentations from their executive leadership team.

Watch the full replay of the webcast
Watch the CEO replay of the webcast
Watch the CFO replay of the webcast
Watch the CHRO replay of the webcast
Download the presentation here (PDF 14.4 MB)
Download the transcript here (PDF 393.38 KB)