PRFoods (PRF1T) Q3 24/25 earnings summary

Executive summary

• Revenue for the third quarter was €3.7 million, down 3% year-over-year, but nine-month revenue rose 20% to €15.1 million compared to the same period last year.

• EBITDA improved to -€0.1 million in Q3 (from -€0.2 million) and to €0.6 million for nine months (from -€0.1 million), with net loss narrowing to -€0.5 million in Q3 and -€0.9 million for nine months.

• UK operations remained profitable and growing, while Estonian operations improved despite weak domestic demand.

• Bond restructuring was approved, and additional working capital was secured from the majority shareholder.

Financial highlights

• Q3 gross profit increased 33% year-over-year to €0.7 million; nine-month gross profit up 23% to €3.2 million.

• Operating profit for nine months was €0.1 million, reversing a prior year loss of -€0.9 million.

• Net loss for nine months improved to -€0.9 million from -€2.1 million year-over-year.

• Gross margin in Q3 was 18.1%, up from 13.2% a year earlier.

Outlook and guidance

• Management expects continued focus on efficiency and business development, supported by the bond restructuring and new shareholder loan.

• Market volatility, weak Estonian economy, and tax hikes are expected to continue impacting demand.