AS Agrova Baltics (Nasdaq Baltic First North: EGG) announces that it has published its unaudited consolidated financial report for 2025.
The Company previously announced its preliminary 2025 financial results on 5 March 2026, while the published report provides a detailed overview of Agrova Baltics’ financial performance, results of the investment programme, and operational development during 2025.
According to the unaudited consolidated results, in 2025 the Group’s net turnover reached EUR 24.3 million (+92% compared to 2024), adjusted EBITDA amounted to EUR 9.2 million (+257%), and profit for the reporting period reached EUR 5.2 million. At the same time, the number of eggs sold increased to 146 million units, representing a 47.5% increase year-on-year. Additional growth was supported by expanded production capacity, improved process efficiency, development of the sales structure, and expansion of the product portfolio.
On 8 May 2025, three new buildings with a total area of 6,500 m² were inaugurated in Alūksne – two laying hen houses, as well as a central warehouse and liquid egg production complex. The total investment in the project amounted to approximately EUR 13 million, including EUR 2.9 million in EU co-financing. Following completion of the project, total production capacity increased by 60% to 180 million eggs per year, providing economies of scale and a foundation for further growth in both egg and egg product segments.
During the reporting year, AS Agrova Baltics continued to shift its sales portfolio toward higher value-added channels. The share of retail sales in egg distribution increased to 89%, while exports accounted for approximately 60% of total sales volume.
“In 2025, AS Agrova Baltics completed the most significant phase of its investment cycle, which allowed substantially increase production capacity and improve the sales structure. The achieved results confirm that a focused strategy based on capacity expansion, development of higher value-added products, and strengthening of export markets ensures stable profitability and cash flow. We see favourable market trends in the Baltic region and will continue to strengthen our position in both egg and egg product segments,” said Jurijs Adamovičs, Founder and Chairman of the Board of AS Agrova Baltics.
The unaudited consolidated financial report for 2025 is available in the attachment. The audited consolidated financial report for 2025 is planned to be published by the end of June 2026.
The shares of AS Agrova Baltics are admitted to trading on Nasdaq Baltic First North Market.
About AS Agrova Baltics |NASDAQ: EGG| (formerly AS APF Holdings) is a Latvia-based agri-foods holding company managing a vertically integrated group operating across poultry farming, egg production, and egg and egg-protein-based products.
The Group is engaged in poultry farming, egg production and wholesale trading, as well as the processing of eggs into liquid and dry egg products and egg proteins, serving food industry and functional nutrition applications. In addition, Agrova Baltics develops biogas and organic fertilizer production linked to poultry farming processes.
The Group’s portfolio includes SIA Alūksnes putnu ferma (poultry farming and egg production), SIA APF Trading(wholesale trading of eggs and egg products), SIA Oluksne (poultry farming and egg production services), SIA Agrova Energy (biogas and organic fertilizer production), and SIA Preiļu putni (pullet rearing).
Founded in 2017 with the objective of acquiring and developing a poultry business in Alūksne with a long operational history, Agrova Baltics has evolved into a fully integrated agri-foods platform. Today, the Group covers the entire value chain – from pullet rearing and egg production to the processing of eggs into value-added egg products and egg proteins, wholesale distribution, and the sustainable utilization of by-products for energy generation and organic fertilizer production.