Alefarm Brewing (ALEFRM) H2 2025 earnings summary

Executive summary

• Achieved a significant turnaround in 2025, reporting positive EBITDA for the first time and meeting all previously communicated targets.

• Revenue grew 16.2% year-over-year to DKK 11.53 million, with strong gains in all key sales channels.

• Organizational changes, including a new CEO, led to improved efficiency, cost reductions, and higher margins.

Financial highlights

• Revenue: DKK 11.53 million in 2025, up from DKK 9.93 million in 2024.

• EBITDA: DKK 620,000 in 2025, a turnaround from DKK -1.2 million in 2024.

• Net result: DKK -1.52 million, improved from DKK -3.22 million in 2024.

• Gross profit: DKK 3.99 million, up from DKK 2.64 million in 2024.

• Earnings per share: DKK -0.107.

Outlook and guidance

• 2026 revenue expected between DKK 13–14 million, with EBITDA forecasted at DKK 750,000–1.25 million.

• Continued growth anticipated in on-trade, off-trade, and export segments, with new capacity investments to support demand.

• Market share gains expected, especially in bars/restaurants and export markets.