Luka Koper d.d. (LKPG) Q1 2025 earnings summary

Executive summary

• Net sales reached EUR 90.8 million, up 14% year-over-year and 10% above plan, driven by higher maritime throughput and container services revenue.

• EBIT rose to EUR 24.1 million, 36% higher year-over-year and 57% above plan, with net profit at EUR 20 million, up 30% year-over-year and 54% above plan.

• Container throughput set a new record at 299,712 TEUs (+17% year-over-year), while car throughput increased 9% year-over-year but was 2% below plan.

• Major investments continued, including warehouse construction, cruise terminal, and Pier I extension.

Financial highlights

• EBITDA reached EUR 31.8 million (+23% year-over-year, +37% above plan), with an EBITDA margin of 35.1%.

• Return on sales (ROS) was 26.6% (+19% year-over-year), and return on equity (ROE) was 13.3% (+20% year-over-year).

• Investments totaled EUR 22.4 million, more than double the previous year but 11% below plan.

• Net financial debt/EBITDA improved to 0.03, reflecting strong liquidity.

• Equity increased to EUR 616 million (+5% from year-end 2024), with total assets at EUR 853.2 million.

Outlook and guidance

• Strategic plan targets 26 million tons throughput, 1.4 million TEUs, and 1.1 million vehicles by 2028.

• Revenue goal for 2028 is EUR 413 million, with an EBITDA margin of 29% and ROE of 9%.

• Planned investments of EUR 785 million over five years to expand capacity and support digital transformation.