Core Insights - The fourth quarter of the 2024/2025 financial year was challenging for the company due to market volatility and a weak economic environment in Estonia, particularly influenced by high food VAT rates affecting food producers and consumer demand [1][2] - The unaudited consolidated revenue for the fourth quarter was 3.8 million euros, a decrease of 15% compared to the same period last year, while the net loss decreased from 2.4 million euros to 0.6 million euros [2] - For the full financial year, the company reported a 10% increase in revenue to 18.9 million euros, with a net loss of 1.7 million euros, an improvement from 4.7 million euros in the previous year [3] Financial Performance - Fourth quarter revenue: 3.8 million euros, down 15% from 4.5 million euros in the same quarter last year [2][7] - Full year revenue: 18.9 million euros, up 10% from 17.1 million euros [3][12] - Fourth quarter EBITDA: -0.2 million euros, a decline from 0.0 million euros a year earlier [2][7] - Full year EBITDA: 0.2 million euros, an increase from -0.3 million euros [3][12] - Net loss for the fourth quarter: -0.7 million euros, improved from -2.6 million euros [7] - Full year net loss: -1.7 million euros, improved from -4.7 million euros [3][12] Operational Highlights - The UK production unit, John Ross Jr., continues to operate profitably and is experiencing growth with an increase in clients [4] - The Estonian unit has completed restructuring of production processes and aims to become the market leader in trout and salmon categories [5] - The company's brand reputation in Estonia is improving, with growing awareness of the Saare Kala brand and a positive association with quality [6] Key Ratios and Balance Sheet - Net debt as of June 30, 2025, was 13.9 million euros, down from 14.3 million euros a year earlier [10] - Equity decreased to 1.5 million euros from 3.2 million euros [10] - Liquidity ratio: 0.2, down from 0.3x [10] - ROE for the year was -70.0%, an improvement from -81.4% [10]

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]