Pieno Zvaigzdes (PZV1) Q2 2025 earnings summary

Executive summary

• Interim report covers the six months ended June 30, 2025, prepared in accordance with IFRS and confirmed by management for fair presentation of financial position and results.

• Main activity is dairy production, with a broad product portfolio and significant export operations to EU, CIS, and Asia.

Financial highlights

• Revenue for H1 2025 was €108.7 million, up from €101.9 million year-over-year.

• Gross profit decreased to €22.0 million from €25.5 million year-over-year.

• EBITDA for H1 2025 was €5.9 million, down from €9.7 million in H1 2024.

• Net profit for H1 2025 was €2.4 million, compared to €6.2 million in H1 2024.

• Earnings per share for H1 2025 was €0.05, down from €0.14 in H1 2024.

Outlook and guidance

• Full-year 2025 turnover is forecasted at €215.4 million.