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Consolidated Unaudited Interim Report of AS PRFoods for the 3rd quarter and 9 months of 2024/2025 financial year
Globenewswire·2025-05-30 18:36

Core Insights - PRFoods has faced a challenging third quarter in the 2024/2025 financial year due to market volatility and a poor economic climate in Estonia, yet the company has managed to increase profitability and reduce expenses [1][3] - The bond restructuring plan has been approved, allowing production units to focus on business development [2][6] Financial Performance - The unaudited consolidated revenue for the third quarter was 3.7 million euros, a 3% decrease from the previous financial year [3] - EBITDA improved from -0.2 million euros in the 2023/2024 financial year to -0.1 million euros, while the net loss decreased from -0.7 million euros to -0.5 million euros [3] - For the first nine months of the 2024/2025 financial year, the unaudited consolidated revenue was 15.1 million euros, representing a 20% increase compared to the same period last year [4] - EBITDA from operating activities increased to 0.6 million euros, and the net loss for the nine months was -0.9 million euros, compared to -2.1 million euros in the previous financial year [4] Operational Insights - The UK production unit, John Ross Jr., continues to operate profitably, while the Estonian production unit has shown improvement despite a significant decrease in demand for fish products due to the economic downturn [5] - The company acknowledges that efficiency improvements are significant achievements in the current volatile market [5] Key Ratios - Key financial ratios for the third quarter include a gross margin of 18.1%, EBITDA margin of -3.5%, and a net margin of -14.5% [7] - The balance sheet shows a net debt of 13.3 million euros and an equity ratio of 10.4% as of March 31, 2025 [8] Consolidated Financial Position - Total assets amounted to 20.971 million euros, with total liabilities at 18.787 million euros as of March 31, 2025 [9] - The company reported a net loss of 0.535 million euros for the third quarter, with a loss per share of -0.01 euros [10]