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Vilkyskiu pienine (VLP1L) investor relations material
Vilkyskiu pienine Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated sales revenue for H1 2026 reached EUR 185.5 million, up 29.8% year-over-year, driven by the acquisition of Marijampolės pieno konservai UAB and the start of operations at the new cheese factory in Bauska, Latvia.
Net profit rose 42.8% to EUR 12.6 million, significantly impacted by a EUR 6.1 million gain from the bargain purchase of Marijampolės pieno konservai UAB.
EBITDA increased by 9.4% to EUR 13.7 million, excluding the gain from the business combination.
Exports accounted for 86.7% of total sales, with products shipped to over 80 countries.
Financial highlights
Revenue: EUR 185.5 million (+29.9% vs. H1 2025).
Net profit: EUR 12.6 million (+42.8% vs. H1 2025).
EBITDA: EUR 13.7 million (+9.4% vs. H1 2025).
Gross profit: EUR 19.1 million (+24.2% vs. H1 2025); gross margin declined to 10.3% (-0.5 p.p.).
Net profit per share: EUR 1.06 (+43.2% vs. H1 2025).
Net debt/EBITDA: 5.11 (up from 1.81 in H1 2025).
Outlook and guidance
Integration of Marijampolės pieno konservai UAB and ramp-up of the Bauska cheese factory are expected to further boost production capacity and sales.
Continued focus on expanding export markets and product innovation.
- Q1 2026 revenue up 22.4% to €86.97M; EBITDA down 50.2%; net profit up 25.7% year-over-year.VLP1L
Q1 2026 - Net profit more than doubled on strong export growth and higher margins in H1 2024.VLP1L
Q2 2024 - Revenue and profit surged in Q3 2024, with major investment set to boost cheese capacity.VLP1L
Q3 2024 - 2024 net profit surged 75% on 17% revenue growth, fueled by exports and margin gains.VLP1L
Q4 2024 - Revenue up 26.5% to €71.1M in Q1 2025, but net profit down 17.8% to €4.0M.VLP1L
Q1 2025 - Revenue up 18.9% but net profit down 35.2% amid major investments and rising debt.VLP1L
Q3 2025 - Revenue up 16.9%, net profit down 59.9% as major investments reshape growth outlook.VLP1L
Q4 2025 - Revenue up 22% YoY, net profit down 15.6%, major investments and higher dividends.VLP1L
Q2 2025
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