PRFoods (PRF1T) Q2 24/25 earnings summary

Executive summary

• Q2 revenue rose 26% year-over-year to €6.8M, with gross profit up to €1.7M and EBITDA from operations up 20% to €0.6M.

• Operating loss turned to a €0.4M profit in Q2; net loss narrowed from €0.7M to €0.1M.

• H1 revenue increased 28% year-over-year to €11.4M; EBITDA from operations improved to €0.7M from -€0.2M.

• H1 net loss reduced to €0.4M from €1.4M year-over-year.

• UK unit remained profitable; Estonian unit performed strongly despite weak local demand.

Financial highlights

• Q2 sales: €6.8M (up 26%); gross profit: €1.7M (up 6%); EBITDA from operations: €0.6M (up 20%).

• Q2 operating profit: €0.4M (vs. €0.03M loss prior year); net loss: €0.1M (vs. €0.7M loss prior year).

• H1 sales: €11.4M (up 28%); gross profit: €2.5M (up 47%); EBITDA from operations: €0.7M (vs. -€0.2M prior year).

• H1 net loss: €0.4M (vs. €1.4M loss prior year).

Outlook and guidance

• Management expects continued market challenges in Q3 due to economic downturn and weak demand in Estonia, Baltics, and Finland.

• Focus remains on efficiency improvements and profitability.