Adris Grupa (ADRS) Q1 2025 earnings summary

Executive summary

• Adris Grupa operates in tourism, healthy food, insurance, and energy, focusing on investment, management, and business transformation for efficiency and sustainability.

• 1Q 2025 revenue rose 11% year-over-year to EUR 212 million; net loss improved to EUR 5 million from EUR 7 million in 1Q 2024.

• The Group continues to invest in digitalisation, green transition, and business model resilience amid challenging macroeconomic and geopolitical conditions.

Financial highlights

• Total revenue: EUR 212 million (+11% y/y); sales of goods/services: EUR 200 million (+12% y/y).

• EBITDA: EUR 19 million (+16% y/y); net loss: EUR 5 million (improved by EUR 2 million y/y).

• Operating revenue grew 12% y/y; insurance contract revenue up 13% y/y.

• Staff costs increased 15% y/y due to inflationary pressures.

• Basic/diluted EPS: EUR -0.29 (vs. EUR -0.64 in 1Q 2024).

Outlook and guidance

• Bookings in tourism are ahead of last year, indicating strong high and post-season demand.

• Expected tourism division investments for 2025: EUR 120 million, focusing on campsites and hotel upgrades.

• Cromaris aims to strengthen global leadership in organic Mediterranean white fish.

• Renewable energy projects to reach full capacity by summer 2025, covering up to 80% of Group electricity needs.