Vilkyskiu pienine (VLP1L) Q1 2026 earnings summary

Executive summary

• Commercial cheese production launched at the new Baltic Dairy Board SIA factory in Latvia, targeting 18,000 tons per year and over 100 new jobs.

• Acquisition of Marijampolės pieno konservai UAB completed, expanding canned milk and milk powder production.

• Participation in the Gulfood exhibition and recognition in the Latvian Construction Awards 2025.

• Discontinued use of transparent plastic lids for yogurts as part of sustainability efforts.

Financial highlights

• Q1 2026 revenue rose 22.4% year-over-year to €86.97 million.

• EBITDA dropped 50.2% year-over-year to €3.0 million, excluding €5.5 million negative goodwill from acquisition.

• Net profit increased 25.7% year-over-year to €5.09 million.

• Purchased milk volumes surged 54.2% year-over-year to 155,954 tons.

Segment performance

• Cheese, cheese products, and other: €37.64 million (43% of revenue), down 28.8% year-over-year.

• Fresh milk products: €12.75 million (15% of revenue), up 73.4% year-over-year.

• Dry milk products: €24.66 million (28% of revenue), up 126.9% year-over-year.

• Canned milk: €11.92 million (14% of revenue), consolidated from 2026.