Ambra (AMB) Q3 24/25 earnings summary

Executive summary

• Revenue in Q3 2024/2025 fell 12.4% year-over-year to 150.6 million PLN, mainly due to the timing of Easter and weaker consumer sentiment.

• Volume sales declined 5.2%, with a shift away from premium wines and spirits, impacting average selling prices.

• Net loss attributable to majority shareholders was 5.1 million PLN, compared to a 3.0 million PLN profit a year earlier.

• De-alcoholized wines saw dynamic growth, reaching 3.5% of total group sales.

Financial highlights

• EBIT for Q3 was negative at -1.9 million PLN, down from 7.5 million PLN in Q3 2023/2024.

• Operating cash flow for the first three quarters rose 19.9% year-over-year to 106.3 million PLN.

• Net debt decreased to 6.5 million PLN, reflecting strong liquidity.

• Gross margin improved by 1.7 percentage points due to lower raw material costs.

• Investment outlays in Q3 were 6.3 million PLN, lower than the previous year, with a focus on production modernization and ERP implementation.

Outlook and guidance

• Management expects future results to be influenced by changes in premium wine and alcohol consumption.

• Lower inflation and anticipated improvement in household finances may support demand.

• No financial forecasts were published for the year.