PRFoods (PRF1T) Q2 25/26 earnings summary

Executive summary

• Revenue for the second quarter was EUR 5.1 million, down 25% year-over-year, mainly due to lower sales in Estonia and Finland.

• Gross profit for the quarter fell 43% to EUR 1.0 million, with EBITDA at EUR 0.2 million, down from EUR 0.6 million last year.

• Net loss for the quarter widened to EUR 0.7 million from EUR 0.1 million a year ago.

• Six-month revenue was EUR 8.7 million, a 23% decrease year-over-year, with a net loss of EUR 1.5 million compared to EUR 0.4 million last year.

• UK market remained stable, accounting for 87.7% of revenue, while Estonian sales dropped over 70%.

Financial highlights

• Q2 revenue: EUR 5.1 million (down 25% YoY); six-month revenue: EUR 8.7 million (down 23% YoY).

• Q2 gross profit: EUR 1.0 million (down 43% YoY); six-month gross profit: EUR 1.7 million (down 34% YoY).

• Q2 EBITDA: EUR 0.2 million (down 68% YoY); six-month EBITDA: EUR -0.1 million (from EUR 0.7 million last year).

• Q2 net loss: EUR 0.7 million (vs. EUR 0.1 million loss last year); six-month net loss: EUR 1.5 million (vs. EUR 0.4 million loss last year).

• Gross margin for Q2: 18.6% (down from 25.0% YoY); EBITDA margin: 1.1% (down from 10.3% YoY).

Outlook and guidance

• Management expects continued uncertainty and weak consumption in Estonia and nearby markets.

• Priorities include improving efficiency, cost control, and managing financial obligations.

• Ongoing efforts to strengthen capital structure and long-term sustainability.