Amber Latvijas balzams announces the unaudited 6-month operational results for 2025
The Company’s unaudited net turnover for the first six months of 2025 reached EUR 35.4 million, which is 3.5% lower than in the corresponding period of 2024. Total sales volumes (in 9Lcs equivalent) in the first six months of 2025 were 10.5% 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.
Gross profit for the reporting period amounted to EUR 6.6 million, representing a decrease of EUR 0.2 million (-3%) compared to the corresponding period of 2024. The gross profit indicator was negatively affected by a decline in sales volumes and average prices, but this was fully offset by a reduction in the costs of key raw materials and supplies used in the production process, as well as lower production-related expenses achieved within the implemented cost optimization programs.
Profit before tax for the first six months of 2025 was EUR 1.2 million, which represents a decrease of EUR 0.2 million compared to the respective figure in 2024 (EUR 1.5 million). The ratio of profit before tax to turnover in the 2025 reporting period was 2.0% (2024: 2.8%). Overall, the first half 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 enhance production efficiency with an emphasis on cost reduction and productivity growth, while also focusing on increasing sales volumes and prices, thereby improving profitability. In addition, the Company will introduce innovative solutions and invest in technology development to ensure sustainable growth and strengthen its market position.
More information can be found in the “Financial reports” section of the company’s website.
Investor relations contact:
JSC Amber Latvijas balzams
Chairman of the Management Board
Andrejs Višņausks
Phone: +371 67081213