"Auga Group's losses grow to EUR 27 million last year, revenues to EUR 85.6 million

Auga Group, the largest organic food producer in the Baltics, „made an unaudited net loss from continuing operations of EUR 26.9 million last year, up 2.3% on the year before (EUR 26.3 million), while its revenue grew by 10.6% to EUR 85.6 million (EUR 77.4 million), the company said.

„The audit procedures are not yet complete, so the published results are unaudited and may be subject to adjustment as the audit identifies potential corrections“, – the statement says. 

The restructuring of the group, which manages 18 companies, has affected its operations over the past year and has implications for the structure of its financial statements, the classification of its debt and the valuation of its investments, it said, 

Earlier, BNS wrote that the company's shareholders will vote on 14 July to approve a draft restructuring plan for the company.

„Auga Group“ forecasts its earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2029 to reach EUR 15.24 million, or 11.7 times this year's forecast (EUR 1.3 million), while net profit will rise 15.1 times to EUR 14.62 million (EUR 0.96 million).

The Group also estimates that its income from dividends from managed companies and the sale of businesses will grow 41.4 times to €14.5 million in 2029 compared to 2025 (€0.35 million this year), while sales revenue will fall by 19.3% to €3.29 million in 2029 (€4.01 million).