AS Amber Latvijas balzams (BAL1R) Q3 2025 earnings summary

Executive summary

• Sales volumes increased by 2.76% year-over-year for the first nine months of 2025, reaching 2,712,104 9L cases.

• Net turnover declined by 7% to €53.0 million due to a high base in 2024 from a one-time income adjustment.

• Gross profit fell 20% to €9.6 million, mainly due to product mix and pricing adjustments.

• Net profit dropped to €1.2 million from €3.6 million year-over-year.

• Operating profit margin decreased to 1.1% from 5.1% in the prior year.

Financial highlights

• Revenue: €53.0 million (down 7% year-over-year).

• Gross profit: €9.6 million (down 20% year-over-year).

• Operating profit: €561,581 (down from €2.9 million year-over-year).

• Net profit: €1.2 million (down from €3.6 million year-over-year).

• Earnings per share: €0.16 (down from €0.48 year-over-year).

Outlook and guidance

• Management expects profit to start increasing in the next half-year as volumes improve.

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