AS Amber Latvijas balzams (BAL1R) Q1 2025 earnings summary

Executive summary

• Net turnover for Q1 2025 was EUR 15.8 million, down 14.5% year-over-year due to lower sales volumes and global inventory reductions among wholesalers and importers.

• Gross profit increased by 21% to EUR 3.6 million, driven by lower raw material costs and production expense optimization.

• Pre-tax profit reached EUR 858 thousand, a significant turnaround from a EUR 136 thousand loss in Q1 2024.

• The company expects sales volumes to improve in subsequent quarters, supported by stable input prices and ongoing cost optimization.

Financial highlights

• Revenue: EUR 15.77 million (Q1 2025), down from EUR 18.45 million (Q1 2024).

• Gross profit: EUR 3.46 million (Q1 2025) vs. EUR 2.86 million (Q1 2024).

• Net profit: EUR 858,896 (Q1 2025) compared to a net loss of EUR 136,136 in Q1 2024.

• Operating profit: EUR 589,340 (Q1 2025) vs. EUR 218,101 (Q1 2024).

• Cash and cash equivalents at period end: EUR 26,937.

Outlook and guidance

• Management anticipates further improvement in sales volumes and continued positive profit indicators in the coming quarters.

• Focus remains on increasing production efficiency, reducing costs, and enhancing profitability.