AS Amber Latvijas balzams has announced the unaudited 9-month operating results for the year 2025, according to a statement to the stock exchange.
The company’s unaudited net turnover in the nine months of 2025 reached 53.0 million euros, which is 7% less than in the corresponding period in 2024. The total sales volumes (in terms of 9Lcs) in nine months in 2025 were 2.76% higher than in the corresponding period in 2024. The increase in turnover is related to the strategic decisions made by Stoli Group regarding the development of the Stoli brand, optimization of the supply chain, affecting the order volumes in the short term.
The profit indicator was negatively affected by the changes in the sales volume and pricing methodology, which was partially compensated by the reduction of the costs of the most important raw materials and materials used in the production process, as well as the reduction of production-related costs within the framework of the implemented cost optimization programs.
Profit before taxes for the nine months of 2025 is 1.2 million euros, which is a decrease (by 2.4 million euros) compared to the corresponding figure in 2024 (profit of 3.6 million euros). The ratio of profit before taxes to turnover in the reporting period of 2025 is 1.1%, (2024: 5.1%). In total, nine months have been completed with profit and the results are in line with the plan. It is expected that sales volumes will improve further in the next six months, which, combined with stability in the purchase prices of raw materials and continuous work on optimization of production costs, will allow maintaining positive profit indicators.
The company will continue to increase production efficiency, focusing on reducing production costs and increasing production efficiency, and will work to increase sales and prices, thereby improving the company’s profitability. In addition, Amber Latvijas balzams continues to evaluate innovative solutions and the necessary amount of investment in technology development in order to ensure sustainable growth and strengthen its position in the market.
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