Pieno Zvaigzdes (PZV1) Q4 2025 earnings summary

Executive summary

• Revenue for the 12 months of 2025 reached €218.4 million, up from €210.4 million year-over-year.

• Net profit for 2025 was €4.6 million, a significant decrease from €10.1 million in 2024.

• Earnings per share dropped to €0.10 from €0.22 year-over-year.

• The company operates mainly in Lithuania and the EU, with a diversified product portfolio in dairy.

Financial highlights

• Gross profit for 2025 was €46.2 million, down from €50.4 million in 2024.

• EBITDA for 2025 was €12.1 million, compared to €18.1 million in 2024.

• Operating profit before finance costs fell to €6.6 million from €12.6 million year-over-year.

• Cash and cash equivalents at year-end were €1.8 million, down from €2.0 million at the end of 2024.

• Net cash flow from operating activities was €4.1 million, a sharp decline from €16.4 million in 2024.

Outlook and guidance

• No explicit forward-looking guidance provided, but the company notes continued focus on core dairy markets and product groups.