Vilkyskiu pienine (VLP1L) Q2 2026 earnings summary

Executive summary

• Consolidated sales revenue for H1 2026 reached EUR 185.5 million, up 29.8% year-over-year, driven by the acquisition of Marijampolės pieno konservai UAB and the start of operations at the new cheese factory in Bauska, Latvia.

• Net profit rose 42.8% to EUR 12.6 million, significantly impacted by a EUR 6.1 million gain from the bargain purchase of Marijampolės pieno konservai UAB.

• EBITDA increased by 9.4% to EUR 13.7 million, excluding the gain from the business combination.

• Exports accounted for 86.7% of total sales, with products shipped to over 80 countries.

Financial highlights

• Revenue: EUR 185.5 million (+29.9% vs. H1 2025).

• Net profit: EUR 12.6 million (+42.8% vs. H1 2025).

• EBITDA: EUR 13.7 million (+9.4% vs. H1 2025).

• Gross profit: EUR 19.1 million (+24.2% vs. H1 2025); gross margin declined to 10.3% (-0.5 p.p.).

• Net profit per share: EUR 1.06 (+43.2% vs. H1 2025).

• Net debt/EBITDA: 5.11 (up from 1.81 in H1 2025).

Outlook and guidance

• Integration of Marijampolės pieno konservai UAB and ramp-up of the Bauska cheese factory are expected to further boost production capacity and sales.

• Continued focus on expanding export markets and product innovation.