MANAGEMENT COMMENTARY
The second quarter of PRFood’s fiscal year continued to be challenging due to the difficult economic landscape characterized by weak consumption, price sensitivity, and increased cost pressure, particularly impacting the Group’s operations in Estonia and nearby markets. Despite these challenges, management has maintained its focus on core activities, cost control, and strengthening the financial structure.
Sales revenue for the Group in the second quarter amounted to 5.1 million euros, which is a decrease of 1.7 million euros or 25% compared to the same period last year. The decline in sales was mainly due to reduced volumes in the Estonian and Finnish markets. The gross profit for the quarter was 1.0 million euros, a 43% year-over-year decrease, reflecting lower production volumes and pricing pressure.
EBITDA in the second quarter was 0.2 million euros, falling short of last fiscal year’s 0.6 million euros. Depreciation costs remained stable, and operating profit was near zero, compared to last fiscal year’s operating profit of 0.4 million euros. The net loss for the second quarter was 0.7 million euros, compared to last fiscal year’s net loss of 0.1 million euros.
For the first half of the year, the Group’s sales revenue reached 8.7 million euros, a decrease of 2.7 million euros or 23% compared to the same period last fiscal year. The gross profit for the six months was 1.7 million euros, 34% lower than the previous fiscal year. EBITDA for the six months was -0.1 million euros, compared to 0.7 million euros positive in the previous fiscal year. Operating loss amounted to 0.3 million euros and net loss to 1.5 million euros, significantly impacted by increased financial costs related to debt restructuring in the past fiscal year and lower operational volume.
Geographically, the Group’s sales remained predominantly in the United Kingdom market, with six-month sales revenue of 7.7 million euros, accounting for 87.7% of the Group’s total turnover. Compared to the previous fiscal year, sales in the UK remained stable. Sales revenue in the Estonian market fell to 1.0 million euros over the same period, a decrease of 2.5 million euros or more than 70%, clearly reflecting weak local consumption and retail sector pressure in Estonia and nearby markets.
Entering the third quarter, the market conditions remain uncertain, with no visible recovery in consumption in Estonia or nearby markets. In this environment, management’s priority is to further improve efficiency, control the cost base, and manage financial obligations. Additionally, ongoing activities to strengthen the Group’s capital structure and long-term sustainability will continue.
KEY INDICATORS
INCOME STATEMENT
mln EUR
unless stated otherwise |
Q2 2025/2026 |
2024/2025 |
Q2 2024/2025 |
2023/2024 |
| Sales Revenue |
5.1 |
18.8 |
6.8 |
17.1 |
| Gross Profit |
1.0 |
4.0 |
1.7 |
3.2 |
| EBITDA |
0.1 |
0.1 |
0.6 |
-0.3 |
| EBIT |
0.0 |
-0.6 |
0.4 |
-3.3 |
| EBT |
-1.4 |
7.6 |
0.1 |
-4.6 |
Last News
Iran has become the latest country, following Syria and Venezuela, to experience the realities of a partnership with Russia.
Since initiating its large-scale conflict in Ukraine four years ago, Russia has positioned itself as a champion of a multipolar world. However, when critical situations arose, its on-ground response in allied nations has been notably weak as their leaders faced attacks.
Bash
Read More
MANAGEMENT COMMENTARY
The second quarter of PRFood’s fiscal year continued to be challenging due to the difficult economic landscape characterized by weak consumption, price sensitivity, and increased cost pressure, particularly impacting the Group’s operations in Estonia and nearby markets. Despite these challenges, management has maintained its focus on core activities, cost cont
Read More
Germany confirmed it had been informed beforehand.
However, French President Emmanuel Macron stated that the U.S. and Israel did not “inform or involve” France in the strikes.
While various European governments called for restraint and de-escalation on Saturday, Sikorski criticized Tehran, labeling Iran as “a country that for decades supported terrorism [and] organized terrorist attacks in Europe
Read More
Week of late February 2026, as reflected in Apple Music Europe (2026/02/27) and Spotify’s weekly charts for Global (2026/02/26) and Belgium (2026/02/26). Europe’s streaming mood this week feels like a split-screen: intimate, memory-soaked Latin pop on one side, sleek UK/Afrobeats crossovers on the other, and a Swift-shaped hook glinting in the background. The headline is simple: Bad Bunny’s “DtM
Read More
A U.S. official informed POLITICO that air defenses successfully intercepted Iranian missiles targeting American bases, specifically Al Udeid in Qatar, the U.S. 5th Fleet in Bahrain, Ali Salem in Kuwait, and Al Dhafra in the United Arab Emirates.
Qatar and the United Arab Emirates reported intercepting Iranian missiles. The UAE experienced one casualty due to fallen debris, as stated by its defens
Read More
The warning emerges as the world’s youngest nation remains among the top displacement crises, with nearly 10 million people requiring humanitarian assistance, including returnees fleeing the war in neighboring Sudan.
IOM needs just over $131 million for operations in South Sudan this year but is facing a $29 million funding shortfall.
‘An extraordinary burden’
The UN agency and partners are aid
Read More
Kallas spoke with Israel’s Foreign Minister Gideon Saar and is coordinating with Arab partners for diplomatic solutions, she mentioned in a post on X.
Poland’s President Donald Tusk urged Polish citizens in Iran to remain safe and follow local authorities’ instructions, emphasizing the unity of Poles on security matters in a post on X.
Finnish Prime Minister Petteri Orpo emphasized the need to sto
Read More
Albion Crown VCT PLC
Total Voting Rights and Capital
LEI Code 213800SYIQPA3L3T1Q68
In accordance with Disclosure Guidance and Transparency Rule 5.6.1, Albion Crown VCT PLC (“the Company”) announces the following:
As of 27 February 2026, the Company’s issued share capital and voting rights are as follows:
Class and nominal value of share
Total number of shares in issue
Number of share
Read More
The AfD, founded in 2013 as a Euroskeptic party, has progressively moved to the right, largely rallying a more radicalized base around migration issues. Recently, Weidel has attempted to soften the party’s rhetoric to appeal to mainstream conservatives. The party is currently taking steps to remove Kevin Dorow, a youth organization board member, due to remarks that suggested a connection to
Read More
Nanterre, 27 February 2026
Release of the 2025 Universal Registration Document
VINCI announced today the submission of its 2025 Universal Registration Document to the French financial markets authority, the Autorité des marchés financiers (AMF).
The document is accessible in French on the Group’s website at www.vinci.com under Finance/Investors/Financial information/ Annual reports, and on the AM
Read More
Leave a Reply