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Consolidated Unaudited Interim Report of AS PRFoods for the 4th quarter and 12 months of 2024/2025 financial year
Globenewswireยท 2025-08-29 13:19
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]