AS Amber Latvijas balzams (BAL1R) Q2 2025 earnings summary

Executive summary

• Net turnover for the first six months of 2025 was EUR 35.4 million, down 3.5% year-over-year, mainly due to a high base in 2024 from contract-related income adjustments expected to recur in H2 2025.

• Sales volumes increased by 10.5% year-over-year, reaching 1,848,579 9-liter cases.

• Net profit for the period was EUR 1.16 million, compared to EUR 1.47 million in the same period of 2024.

• Gross profit declined by 3% to EUR 6.6 million, impacted by product mix and pricing changes despite lower production costs.

Financial highlights

• Revenue: EUR 35.4 million (down 3.5% year-over-year).

• Gross profit: EUR 6.6 million (down 3%).

• Operating profit: EUR 0.71 million (margin 2.0%), down from EUR 1.03 million (margin 2.8%) in 2024.

• Net profit: EUR 1.16 million, down from EUR 1.47 million.

• EBITDA (LTM): EUR 5.3 million; EBIT (LTM): EUR 2.33 million.

Outlook and guidance

• Operating profit is expected to improve in H2 2025, supported by anticipated sales volume growth, seasonal demand, and ongoing sales promotion initiatives.

• Focus remains on increasing production efficiency, reducing costs, and enhancing profitability.