Vilkyskiu pienine (VLP1L) Q3 2025 earnings summary

Executive summary

• Acquired claim rights and agreed to purchase shares of Marijampolės pieno konservai UAB, pending regulatory approval, which was granted after the reporting period.

• Extended partnership with Kaunas Žalgiris and participated in the Gulfood 2025 exhibition in Dubai.

• RSPO certificates granted for responsible palm oil sourcing; Kelmės pienas UAB celebrated its 100th anniversary.

• Nearing completion of a €60 million automated cheese factory in Latvia, expected to create 100+ jobs and export to 40+ countries.

• Launched innovative products, including Less Sugar yogurts and the Blue Milk drink, achieving significant social media engagement.

Financial highlights

• Q3 2025 revenue rose 18.9% year-over-year to €215.8 million.

• EBITDA for Q3 2025 was €17.6 million, down 29.0% from Q3 2024.

• Net profit for the first nine months of 2025 was €12.9 million, a 35.2% decrease year-over-year.

• Net financial debt increased 271.3% year-over-year to €64.9 million.

• Purchased 315,812 tons of milk in the first nine months, up 19.6% year-over-year.

Outlook and guidance

• Completion of the new cheese factory in Latvia is expected to boost production capacity and international exports.