Pieno Zvaigzdes (PZV1) Q1 2025 earnings summary

Executive summary

• Revenue increased to EUR 52.3 million for Q1 2025, up from EUR 45.6 million year-over-year.

• Net profit declined sharply to EUR 227 thousand from EUR 2.25 million in Q1 2024.

• EBITDA dropped to EUR 2.0 million from EUR 3.95 million year-over-year.

• Cash and cash equivalents rose to EUR 4.9 million from EUR 2.0 million at year-end 2024.

• No material post-balance sheet events reported.

Financial highlights

• Gross profit decreased to EUR 9.8 million from EUR 11.4 million year-over-year.

• Operating profit before finance costs fell to EUR 507 thousand from EUR 2.55 million.

• Earnings per share dropped to EUR 0.01 from EUR 0.05 year-over-year.

• Book value per share increased to EUR 0.89 from EUR 0.85 year-over-year.

• Current ratio improved to 1.27 from 1.03 at the end of Q1 2024.

Outlook and guidance

• No explicit forward-looking guidance or outlook provided in the interim report.