Pieno Zvaigzdes (PZV1) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, reached €167.5 million, up from €159.2 million year-over-year.

• Net profit for the period was €5.7 million, a decrease from €11.5 million in the same period last year.

• The company operates mainly in Lithuania and the EU, with a diversified product portfolio including fresh and dry milk products, cheese, and other dairy items.

Financial highlights

• Gross profit for the nine months was €34.9 million, down from €40.1 million year-over-year.

• EBITDA for the period was €10.9 million, compared to €16.7 million in the prior year.

• Earnings per share for the nine months was €0.13, down from €0.25 year-over-year.

• Cash and cash equivalents at period end were €0.4 million, down from €2.0 million at the start of the year.

Outlook and guidance

• No significant post-balance sheet events were reported, and no forward-looking guidance was provided.