AS Amber Latvijas balzams (BAL1R) Q2 2026 earnings summary

Executive summary

• Filed for legal protection proceedings in January 2026 due to severe cash flow issues and external pressures, including geopolitical events and market downturns.

• Sales volumes dropped 38.2% year-over-year, with net revenue down 30.4% to EUR 24.6 million for H1 2026.

• Recorded a net loss of EUR 0.95 million versus a net profit of EUR 1.2 million in H1 2025.

• Ongoing restructuring efforts focus on cost optimization, production efficiency, and legal protection compliance.

Financial highlights

• Net revenue: EUR 24.6 million, down 30.4% year-over-year.

• Gross profit: EUR 2.9 million, down 56.5% year-over-year.

• Operating loss: EUR 1.4 million (margin -5.6%), compared to a profit of EUR 0.7 million (margin 2.0%) in H1 2025.

• Net loss: EUR 0.95 million, compared to net profit of EUR 1.2 million in H1 2025.

• EBITDA for the last 12 months: EUR 298k, down from EUR 5.3 million in the prior period.

Outlook and guidance

• Management continues to pursue measures for financial stability, operational efficiency, and sustainable development.

• Focus remains on restructuring, cost optimization, and improving business performance under legal protection proceedings.