AB Akola Group
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Recording of AB Akola Group Investor Webinar Presenting the 6-Month Unaudited Results for the 2025/2026 Financial Year
Globenewswire· 2026-02-19 12:30
On 19 February 2026, AB Akola Group held an investor webinar, where the company's Deputy CEO for Finance and Investments Mažvydas Šileika presented the financial results for the 6 months of the 2025/2026 financial year. The recording of the webinar is available on Nasdaq’s YouTube account: https://youtu.be/vr1pFEOkIHQ?si=uWHqxS-VYYVNI5YB Link to the presentation demonstrated at the webinar: https://www.akolagroup.lt/wp-content/uploads/2026/02/260219_AKOLA_6M_webinar_M.Sileika_final-1.pdf For more informatio ...
Six months of AB Akola Group: gross profit increased by 12% to EUR 92 million
Globenewswire· 2026-02-18 07:00
Core Insights - AB Akola Group's consolidated revenues for the first half of the financial year 2025/2026 reached EUR 754 million, a 1% decrease compared to the same period last year, despite a 7% increase in product sales volume to 1,673 thousand tons [1][2] - The group reported a gross profit increase of 12% to EUR 92 million and an operating profit increase of 3% to EUR 30 million, with EBITDA rising by 8% to EUR 47 million and net profit increasing by 2% to EUR 20 million [1][2] Financial Performance - Total trading volume increased by 6.3% from 1,574,232 tons in 2024/2025 to 1,672,867 tons in 2025/2026 [2] - Revenue decreased from EUR 761.7 million in 2024/2025 to EUR 753.6 million in 2025/2026, a decline of 1.1% [2] - Gross profit rose from EUR 82.5 million to EUR 92.2 million, an increase of 11.8% [2] - EBITDA increased from EUR 43.8 million to EUR 47.5 million, an 8.3% rise [2] - Operating profit grew from EUR 28.8 million to EUR 29.6 million, a 3% increase [2] - Net profit increased from EUR 19.2 million to EUR 19.5 million, a 1.9% rise [2] Segment Performance Partners for Farmers - Revenue for the Partners for Farmers segment decreased by 6.8% to EUR 518.9 million, with gross profit declining by 2.5% to EUR 36.9 million and operating profit down by 65.6% to EUR 2.7 million [5] - The segment faced challenges due to anti-dumping duties, price volatility, and adverse weather conditions affecting grain quality [3][4] Food Production - The Food Production segment generated EUR 241 million in revenue, a 12% increase year-on-year, with gross profit rising by 25.6% to EUR 50 million and operating profit increasing by 43.3% to EUR 27.8 million [6][8] - Poultry operations showed moderate growth, while instant foods experienced strong growth due to improved operational efficiency [7] Farming - The Farming segment reported EUR 26 million in revenue, with gross profit of EUR 3 million and operating profit of EUR 0.5 million [9][10] - Crop production volumes increased, but lower grain prices negatively impacted revenue [9] Other Products and Services - This segment generated EUR 11 million in revenue, with gross profit of EUR 2 million and an operating loss of EUR 1.4 million [11][12] - Despite revenue growth, margin pressures were evident due to increased operating costs and a higher share of lower-margin volumes [11] Company Overview - AB Akola Group is the largest agribusiness and food production group in the Baltics, employing over 5,000 people and operating across the entire food production chain [12]
AB Akola Group Invitation to 6M 2025/2026 Financial Results Webinar
Globenewswire· 2026-02-12 07:30
Group 1 - The company AB Akola Group will host an investor webinar to discuss the financial results for the first half of the fiscal year 2025/2026 on February 19, 2026, at 9:00 am (EET) [1] - The webinar will be led by Mažvydas Šileika, the Deputy CEO for Finance and Investments, who will present the financial results and recent developments [2] - Attendees are encouraged to submit questions prior to the webinar by February 18, 2026, to facilitate discussion [2] Group 2 - Registration for the webinar is required, and participants can join via a provided link, with instructions for successful attendance [3] - The webinar will be recorded and made available online on the Nasdaq Baltic YouTube account for broader access [3] - Contact information for Mažvydas Šileika is provided for further inquiries [4]
AB Akola Group considers the possibility of investing EUR 34 million in the construction of a new plant in Kaišiadorys
Globenewswire· 2026-01-26 14:10
Core Insights - AB Akola Group, a leading agricultural and food production group in the Baltics, is planning a EUR 34 million investment project for animal by-products processing infrastructure through its subsidiary Vilniaus Paukštynas [1][2] Investment Project Details - The investment aims to enhance the efficiency of animal by-products handling and operational efficiency, with a potential start of operations in the second half of 2028, creating 52 new jobs [2] - The project will focus on consolidating animal by-products processing at a single location, utilizing advanced equipment and innovative technologies for environmental protection and hygiene [3] Facility Specifications - If approved, the facility will be a Category 3 animal by-products processing plant, classified as low-risk, processing raw materials from poultry farming through a closed technological process [4] - The facility is expected to produce approximately 76 tonnes of products daily, including 17 tonnes of rendered fats, which can be utilized in feed production and the cosmetics and biotechnology sectors [5] Company Overview - AB Akola Group is the largest agribusiness and food production group in the Baltics, employing over 5,000 people and operating across the entire food production chain [6] - In the 2024–2025 financial year, the group reported revenues of €1.58 billion, with gross profit of €194 million and net profit of €61 million [6]
Information on the voting rights attached to the shares issued by AB Akola Group
Globenewswire· 2026-01-20 14:30
Considering that in December 2025 AB Akola Group entered into agreements for the transfer of 31,655 treasury shares to employees, and that all such transfers have been recorded in the securities accounts, the number of treasury shares held by AB Akola Group has decreased to 565,007 shares (this represents 0.34% of the total number of shares issued by the Company). As a result, the number of voting rights used to calculate the quorum of the AB Akola Group General Meeting of Shareholders has changed. Informat ...
Akola Group controlled company “Linas Agro” secures EUR 30 million financing from international bank Citibank
Globenewswire· 2026-01-12 07:30
Core Insights - "Linas Agro", a major agribusiness in Lithuania, has secured a EUR 30 million working capital financing agreement with Citibank N.A. to support grain purchasing operations at the Port of Klaipeda [1][5] - This financing agreement is notable as it represents one of the few agribusiness transactions in Lithuania involving a significant international commercial bank [1] Company Overview - "Linas Agro" is recognized as one of the largest buyers of wheat, rapeseed, and other cereals in Lithuania, and it leads in purchasing within the Baltic states [6] - The company exports wheat primarily to Nigeria, South Africa, Spain, and Morocco, while rapeseed is exported to Germany, the United Kingdom, the Netherlands, and Nordic countries [6] Financing Details - The financing will facilitate smoother planning of seasonal grain purchasing flows and enhance working capital management [2] - The trade financing structure utilized by "Linas Agro" is not available from local financial institutions, indicating a strategic move to diversify funding sources [3] Strategic Importance - The cooperation with Citibank is seen as a recognition of the operating standards of "Linas Agro" and the Akola Group, enhancing visibility in international markets [4] - This transaction is expected to strengthen the company's position within global export supply chains and support its continued expansion in international markets [4][5] Industry Context - Lithuanian farmers harvest approximately 7–8 million tonnes of cereals annually, with around 70% of the national wheat crop being exported [7]
AB Akola Group notification on transactions in the Company's securities by the person discharging managerial responsibilities
Globenewswire· 2025-12-19 14:06
Core Points - AB Akola Group has received a notification regarding transactions in the Company's securities from a person discharging managerial responsibilities [1] Group 1 - The notification pertains to transactions involving the Company's securities [1] - The Deputy CEO for Finance and Investments at AB Akola Group is Mažvydas Šileika, who can be contacted for more information [1]
Summary of the Investor webinar of the 3-month unaudited results of AB Akola Group for the financial year 2025/2026
Globenewswire· 2025-11-20 09:50
Core Insights - AB Akola Group held an investor webinar on 20 November 2025 to present financial results for the first three months of the 2025/2026 financial year [1] Financial Performance - The financial results discussed during the webinar were presented by Mažvydas Šileika, the Deputy CEO for Finance and Investments [1] - A record of the webinar is available on Nasdaq's YouTube account, providing access to the detailed financial presentation [1] - The presentation can be accessed through a link provided, which includes comprehensive financial data and insights [1]
Three months of AB Akola Group – EUR 394 million in revenue
Globenewswire· 2025-11-19 14:15
Core Insights - AB Akola Group reported consolidated revenues of EUR 394 million for the first quarter of FY2025/2026, a 3% increase compared to the same period last year [1][3] - The Group's gross profit rose by 27% to EUR 56 million, while operating profit increased by 43% to EUR 27 million [2][3] - Net profit surged by 53% to nearly EUR 20 million, reflecting strong performance across various business segments [2][3] Financial Performance - Total trading volume increased by 7% year-on-year, reaching 791 thousand tons [2][3] - EBITDA for the quarter was EUR 36 million, a 34% increase from the previous year [2][3] - The revenue breakdown for the Partners for Farmers segment was EUR 275 million, with a gross profit of nearly EUR 30 million [4][7] Segment Analysis Partners for Farmers - Revenue decreased by 3% to EUR 274.7 million, but gross profit increased by 31.8% to EUR 29.6 million [7] - Operating profit rose by 51.2% to EUR 13.3 million, supported by a large Baltic harvest and the acquisition of SIA Elagro Trade [4][7] Food Production - Revenue increased by 15% to EUR 123 million, with gross profit of EUR 24 million [8][11] - Poultry operations remained stable, contributing to profitability despite market shifts [10][11] Farming - Revenue for the Farming segment was EUR 12 million, with a gross profit of EUR 1.5 million [12][15] - Crop production increased by 8.5%, with significant improvements in malting barley yields [13][14] Other Products and Services - Revenue grew by 15% to EUR 5.7 million, with a gross profit increase of 24.3% [18] - The veterinary pharmaceuticals business saw a 26% sales increase, while pest control revenues surged by 43% [16][18] Overall Group Performance - AB Akola Group is the largest agribusiness and food production group in the Baltics, with FY2024/2025 revenues of EUR 1.58 billion [18] - The Group sold 3.1 million tons of products, achieving a gross profit of EUR 194 million and a net profit of EUR 61 million [18]
AB Akola Group will hold an Investor Webinar to introduce the financial results for the 3 months of financial year 2025/2026
Globenewswire· 2025-11-12 07:30
Core Points - AB Akola Group is hosting an investor webinar to discuss the financial results for the first three months of the financial year 2025/2026 on November 20, 2025, at 9:00 am (EET) [1] - The webinar will be led by Mažvydas Šileika, the Deputy CEO for Finance and Investments, who will present the financial results and recent developments in the company [2] - Attendees are encouraged to submit questions prior to the webinar by November 19, 2025, to a specified email address [2] Registration and Participation - Interested participants can register for the webinar through a provided link, and they will receive instructions on how to join [2] - First-time attendees will need to download a plug-in to join the webinar, with an alternative option available through a compatible web browser [2] - The webinar will be recorded and made available online on the Nasdaq Baltic YouTube account for future viewing [2]