Vilkyskiu pienine (VLP1L) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue rose 26.5% year-over-year to €71.1 million, driven by strong export and segment growth.

• Net profit for Q1 2025 was €4.0 million, down 17.8% from Q1 2024, with EBITDA at €6.0 million, a 6.4% decrease year-over-year.

• Participation in the Gulfood 2025 exhibition and the 100th anniversary of Kelmės pienas UAB marked significant events.

Financial highlights

• Revenue: €71.1 million in Q1 2025, up 26.5% year-over-year.

• EBITDA: €6.0 million, down 6.4% year-over-year; EBITDA margin at 8.5%.

• Net profit: €4.0 million, down 17.8% year-over-year; profit margin at 5.7%.

• Net financial debt increased to €44.0 million, up 113.9% from Q1 2024.

• Purchased milk volume rose 15.5% year-over-year to 101,118 tons.

Segment performance

• Cheese and related products: €28.2 million revenue, up 19.7% year-over-year, 40% of total.

• Industrial cream: €24.6 million, up 61.2% year-over-year, 35% of total.

• Fresh milk products: €7.4 million, down 1% year-over-year, 10% of total.

• Dry milk products: €10.9 million, up 9.7% year-over-year, 15% of total.