Vilniaus Baldai (VBL1L) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was €28,270 thousand, down from €30,100 thousand in Q1 FY2024, reflecting a year-over-year decrease.

• Net profit for Q1 FY2025 was €3,511 thousand, compared to €4,167 thousand in the same period last year.

• EBITDA (excluding non-recurring expenses and IFRS 16 impact) was €5,111 thousand, down from €5,927 thousand year-over-year.

Financial highlights

• Gross profit for Q1 FY2025 was €5,908 thousand, compared to €6,235 thousand in Q1 FY2024.

• Earnings per share for Q1 FY2025 was €0.90, down from €1.07 in Q1 FY2024.

• Total assets as of 30 November 2024 were €83,754 thousand, compared to €87,488 thousand a year earlier.

• Cash and cash equivalents decreased to €355 thousand at quarter-end from €3,867 thousand at the start of the period.

• Net cash flow from operating activities was €4,899 thousand, while net cash flow from financing activities was negative €7,882 thousand.

Outlook and guidance

• Annual General Shareholders Meeting approved a dividend of €0.78 per ordinary share for FY2024.

• Investor calendar and draft resolutions for FY2025 were published in December 2024.