Adris Grupa (ADRS) Q4 2025 earnings summary

Executive summary

• Achieved consolidated revenue of €1.2 billion in 2025, up 11% year-over-year, with sales revenue at €1.1 billion (+12%).

• EBITDA reached €217 million (+17%), and net profit was €105 million (+21%).

• Major investments of €181 million, primarily in tourism and insurance.

• Group consists of four strategic units: tourism, healthy food, insurance, and energy.

Financial highlights

• Consolidated net profit from regular operations: €109 million.

• Net profit after minority interests: €80 million (+21% year-over-year).

• Tourism segment sales: €350 million (+7%), EBITDA: €113 million (+13%), net profit: €45 million (+19%).

• Insurance segment sales: €607 million (+12%), net profit: €65.5 million (+7%).

• Healthy food segment (Cromaris): €117 million sales (+9%), EBITDA: €11.3 million (+64%), net profit: €2.1 million.

• Energy segment: €16 million revenue, €4.7 million net profit.

Outlook and guidance

• Economic growth in Croatia expected to slow to 3% in 2025, with inflation at 4.4%.

• Further slowdown and inflationary pressures anticipated in 2026.

• Group continues transformation programs focused on cost efficiency and digitalization.