aktsiaselts Linda Nektar (LINDA) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 27% year-over-year to €1,780,165, reversing a net loss in H1 2024 to a net profit of €25,898 in H1 2025.

• Growth was driven by increased demand for non-alcoholic ferments, with a new product platform launched to address this trend.

• Despite higher revenue, profitability gains were limited by market pricing and fixed costs.

• Total assets decreased 3.3% year-over-year to €3,483,296, with equity at €3,137,998 and liabilities at €345,298.

• Management maintains a conservative revenue guidance of €2.6m for 2025 due to planned maintenance in H2.

Financial highlights

• Net profit for H1 2025 was €25,898, compared to a net loss of €47,087 in H1 2024.

• Operating profit reached €52,606, up from a loss of €25,948 in H1 2024.

• Operating cash flow improved to €220,489 from €161,810 year-over-year.

• Cash and cash equivalents at period end were €229,286, down from €313,303 a year earlier.

• Dividends paid in H1 2025 totaled €47,404, with income tax on dividends at €26,741.

Outlook and guidance

• Revenue guidance for 2025 is reiterated at €2.6m, reflecting expected lower sales in H2 due to planned maintenance.

• Management remains confident in the market potential of non-alcoholic fermented products.