AB Akola Group Reports 4.9% Revenue Increase and 51.4% Net Profit Surge in 2024/2025 Fiscal Year

Reuters
08/20
AB Akola Group Reports 4.9% Revenue Increase and 51.4% Net Profit Surge in 2024/2025 Fiscal Year

AB Akola Group has released its financial results for the 2024/2025 fiscal year, showcasing a significant performance increase. The Group's consolidated revenue reached EUR 1.580 billion, marking a 4.9% increase compared to the previous year. The Group sold 3.116 million tons of various products, representing a 3% growth in sales volume. Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a substantial rise of 51.5% to EUR 111 million, while net profit increased by 51.4% to EUR 62.6 million. The fourth-quarter revenue also improved, amounting to EUR 414 million, an 8.6% increase from the previous year's EUR 381 million. Gross profit for the quarter grew from EUR 40 million to EUR 65 million, and operating profit increased from EUR 14 million to EUR 31 million. Net profit for the fourth quarter stood at EUR 31 million, up from EUR 10 million in the same period last year. The 'Food Production' segment emerged as a significant growth driver, with total revenue at EUR 449.1 million. This segment's operating profit soared by 95.6% to EUR 40 million, and gross profit increased to EUR 85.8 million. The poultry business, in particular, contributed significantly to this success, with gross profit climbing by 103% to EUR 68.9 million, aided by favorable market conditions. The 'Farming' segment also reported positive results, with revenue growing by 9.3% to EUR 47.6 million. The segment's gross profit reached EUR 12.9 million, and operating profit was EUR 11.2 million. The Group's agricultural machinery sales recovered in the fourth quarter, surpassing the previous year's results, with a notable increase in market share for combine harvester sales across the Baltic countries. Meanwhile, spare parts and service revenue rose by 8% over the year, although the rental segment declined by around 15%. Overall, AB Akola Group achieved the second-highest profit in its history, with notable contributions from three of its four business segments, particularly the poultry business which recorded a breakthrough performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB Akola Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001123698-en) on August 20, 2025, and is solely responsible for the information contained therein.

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