PRFoods (PRF1T) Q4 24/25 earnings summary

Executive summary

• Revenue for the 12 months ended June 2025 increased by 10% year-over-year to €18.9 million, with gross profit up 25% to €4.0 million.

• EBITDA improved to €0.2 million from -€0.3 million, and net loss narrowed to -€1.7 million from -€4.7 million year-over-year.

• The UK unit remained profitable and expanded its client base, while the Estonian unit completed production restructuring and aims for market leadership in trout and salmon categories.

• The fourth quarter was challenging due to market volatility and increased VAT in Estonia, leading to a 15% drop in quarterly revenue.

Financial highlights

• 4Q 2024/2025 revenue was €3.8 million, down 15% year-over-year; EBITDA was -€0.2 million, and net loss was -€0.7 million, a significant improvement from -€2.6 million in the prior year.

• Gross margin for the year was 21.2%, up from 18.7% the previous year.

• Operating loss for the year was -€0.5 million, a substantial improvement from -€3.3 million.

• Net debt as of June 2025 was €13.9 million, with equity at €1.5 million.

Outlook and guidance

• The company plans to expand its product assortment in Estonia and aims to become the market leader in trout and salmon categories over the next nine months.

• Strategic focus remains on higher value-added premium products and export market expansion.