Podravka (PODR) Q3 2026 earnings summary

Executive summary

• 1–9 2026 revenue rose 2.0% YoY to €300.1m; reported net profit fell 37.2% to €21.6m, mainly reflecting lower financial income from the timing of profit withdrawals from related entities.

• Total assets were €932.7m at 30 September; operating cash flow was positive €24.7m, while cash and cash equivalents ended at €7.5m.

Financial highlights

• Revenue increased €5.9m YoY to €300.1m; gross profit slipped 0.8% to €92.5m and gross margin declined 87 bps to 30.8%.

• Reported EBITDA was €44.8m, down 0.2% YoY; EBIT fell 7.4% to €28.8m and operating margin decreased from 10.6% to 9.6%.

• Reported net profit declined 37.2% to €21.6m; net margin fell from 11.7% to 7.2%, with financial income down 64.8% to €6.0m.

• Adjusted for €0.14m severance costs, normalised EBIT was €29.0m and normalised net profit €21.7m; normalised net profit was down 37.2% YoY.

Outlook and guidance

• The reconstructed Dom Slavena site was scheduled for completion by year-end, with operations planned to begin in early 2027.

• The new ABC dairy range extends the brand beyond cream cheese; products are planned to use Croatian milk from company farms and 146 family farms.

• Strategic priorities include international expansion, brand development, and investment in production, logistics, modernisation, digitalisation and operational efficiency.