Akola Group (AKO1L) Q4 25/26 earnings summary

Executive summary

• EBITDA was €96.4 million, down from €110.7 million, but above long-term targets, with food production—especially poultry—driving profitability.

• Revenue declined 4.4% to €1.51 billion, reflecting normalization after volatile years and cautious purchasing in the Partners for Farmers segment.

• Net profit reached €43 million, marking the third-best year in company history, but down 29% year-over-year.

• All segments except food production saw declines in operating profit, with food production delivering strong growth and contributing 61% of EBITDA.

• The group remains the largest agribusiness and food producer in the Baltics, with leading positions in poultry, flour, and instant foods.

Financial highlights

• Operating margin was 4.1%, exceeding the 3% target but down from nearly 5% the previous year.

• EPS dropped to €0.26 from €0.36 year-over-year.

• P/E ratio increased to 6.4x from 4x, still below the five-year average.

• ROCE was 8.5%, below the 12% target and the five-year average of 11.39%.

• Gross profit margin at 12.1%, slightly down from 12.3% but above the five-year average of 10.2%.

Outlook and guidance

• EBITDA guidance for FY 2025/26 raised to €80–100 million.

• Dividend policy remains at 20% of consolidated net profit, subject to shareholder approval.

• Food segment, especially poultry, expected to drive top-line growth as new plants reach full capacity.

• Market conditions remain volatile due to geopolitical risks, commodity price swings, and regulatory changes, but stable demand is expected in core segments.

• Biomethane plant and dairy farm modernization to contribute to future revenue.