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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PRFoods
PRFoods (PRF1T) investor relations material
PRFoods Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 25/26 earnings summary1 Sep, 2026
Executive summary
Revenue for the year declined 19% year-over-year to EUR 15.3 million, with a net loss of EUR 2.4 million, including a one-off gain from the sale of the Estonian production unit.
The restructuring plan led to the sale of the Saaremaa unit, focusing future operations on higher value-added products in the UK.
The UK remains the primary market, accounting for 87.4% of sales, while Estonian sales dropped 61%.
Financial highlights
Fourth-quarter revenue was EUR 3.4 million, down 8% year-over-year; gross profit fell 46% to EUR 0.4 million.
EBITDA for the year was EUR -0.9 million (prior year: EUR 0.1 million); operating loss widened to EUR -1.3 million.
Net loss for the year was EUR -2.4 million, compared to a net profit of EUR 7.3 million last year, which included a one-off restructuring gain.
Gross margin for the year was 16.6%, down from 21.2% year-over-year.
Outlook and guidance
The company enters the new year with a leaner structure and a focus on improving UK profitability.
Management aims to further enhance margins and operational efficiency in the UK.
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Latest events from PRFoods
- Revenue fell 21% and net loss widened, with restructuring and UK sales dominating results.PRF1T
Q3 25/26 - Revenue fell 23% and net loss widened as weak demand persisted, despite UK market stability.PRF1TQ2 25/26
- Revenue dropped 21% and net loss widened, but UK sales held steady and debt was restructured.PRF1TQ1 25/26
- Revenue down 13% and net loss of €2.78M amid restructuring and market headwinds.PRF1TQ4 23/24
- Revenue up 35%, margins improved, and liquidity strengthened by new financing.PRF1TQ1 24/25
- H1 revenue up 28% and net loss reduced; bond maturity extended to March 2025.PRF1TQ2 24/25
- Nine-month revenue up 20%, EBITDA positive, and bond restructuring extends maturities.PRF1TQ3 24/25
- Revenue up 10% and net loss reduced, with major bond restructuring completed.PRF1TQ4 24/25
Next PRFoods earnings date
Q1 26/2727 Nov, 2026
PRFoods
Next PRFoods earnings date
Q1 26/2727 Nov, 2026
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Frequently asked questions
AS PRFoods is an Estonian company engaged primarily in the fish farming and food processing sectors. The company's operations are vertically integrated, encompassing fish farming, production, and sales. PRFoods' key products include salmon and rainbow trout, which are processed in modern facilities located in Saaremaa, Estonia, and Aberdeen, Great Britain. The company’s fish farms are located in Swedish lakes, the Turku Archipelago in Finland, and the waters around Saaremaa, ensuring a significant portion of their raw fish supply is self-sourced. The company is headquartered in Tallinn, Estonia, and its shares are listed on the Nasdaq Tallinn Stock Exchange.