AS Rigas kugu buvetava (RKB1R) Q1 2025 earnings summary

Executive summary

• Net turnover for Q1 2025 was EUR 808,787, a decrease from EUR 850,063 in Q1 2024.

• Gross profit declined to EUR 268,130 from EUR 316,137 year-over-year.

• Net profit for the period was EUR 199,157, down from EUR 223,607 in the prior year.

• Total assets decreased to EUR 7,994,788 as of March 31, 2025, from EUR 10,349,599 a year earlier.

• Owners' equity at period end was EUR 899,467, compared to EUR 1,151,228 at March 31, 2024.

Financial highlights

• Production costs of sold products were EUR 540,657, slightly up from EUR 533,926 year-over-year.

• Administration costs increased to EUR 49,969 from EUR 33,217.

• Cash and equivalents at period end were EUR 338,326, up from EUR 269,133 at the start of the year.

• Net cash flow from core operations was negative at EUR -107,044 for Q1 2025.

• Investment in fixed assets and intangibles totaled EUR 21,159.

Key financial ratios and metrics

• Gross margin for Q1 2025 was approximately 33.2%, down from 37.2% in Q1 2024.

• Net margin for Q1 2025 was 24.6%, compared to 26.3% in Q1 2024.

• Equity ratio at period end was 11.3%, down from 11.1% a year earlier.