The Company's unaudited net turnover for the nine months of 2025 reached EUR 53.0 million, which is 7% lower than in the corresponding period of 2024. Total sales volumes (in 9Lcs equivalent) in the nine months of 2025 were 2.76% higher compared to the respective period in 2024. The increase in turnover is related to strategic decisions adopted by the Stoli Group regarding the development of the Stoli brand and supply chain optimization, which in the short term affected order volumes.
The gross profit for the reporting period amounted to 9.6 million euros, which is 2.4 million euros (-20%) less than in the corresponding period of 2024. Gross profit was negatively affected by the decline in sales volume and changes to the pricing methodology, partially offset by a decrease in the costs of key raw materials and inputs used in production, as well as a reduction in production-related expenses achieved through the implementation of cost-optimization programs.
Profit before tax for the nine months of 2025 was EUR 1.2 million, which represents a decrease of EUR 2.4 million compared to the respective figure in 2024 (EUR 3.6 million). The ratio of profit before tax to turnover in the 2025 reporting period was 1.1% (2024: 5.1%). Overall, the nine months of the year was concluded with profit, and the results are in line with the plan. It is expected that sales volumes will further improve in the second half of the year, which, combined with stability in raw material purchase prices and ongoing efforts in production cost optimization, will allow the Company to maintain positive profitability indicators.
In order to remain competitive and at the same time improve financial results under challenging economic and geopolitical conditions, the Company continues to implement a range of measures to increase production efficiency and reduce costs.
The Company will continue to increase production efficiency, focusing on reducing manufacturing costs and improving operational efficiency, as well as working to increase sales volumes and prices, thereby improving the Company's profitability. In addition, the Company continues to evaluate innovative solutions and the required level of investment in technological development to ensure sustainable growth and strengthen its market position.
JSC Amber Latvijas balzams
Chairman of the Management Board
Andrejs Višnausks
Investor relations contact:
Phone: +371 67081213
Email: forinvestors@amberbev.com; office.LB@amberbev.com
www.amberbev.com
