Cherkizovo's net loss under IFRS for the first quarter of 2025 amounted to 786 million rubles. A year earlier, net profit amounted to 2.969 billion rubles. Such data is provided by the company.
Revenue increased by 11.2% to 65.386 billion rubles from 58.792 billion rubles, gross profit increased by 1.4% to 13.938 billion rubles from 13.74 billion rubles. EBITDA fell by 9% to 8.289 billion rubles from 9.143 billion rubles.
Due to the high cost of borrowed capital, the company reduced investments: capital expenditures amounted to 5.3 billion rubles, which is 22.1% less than a year earlier.
As of March 31, net debt amounted to 146.3 billion rubles. The company received a negative free cash flow of 3.4 billion rubles.
Cherkizovo Group is a producer of meat products. The group's brands include Cherkizovo, Petelinka, Kurinoye Tsarstvo, Pava-Pava, and others.
Cherkizovo's net profit under IFRS for 2024 fell by 39.8% to 19.9 billion rubles from 35.05 billion rubles a year earlier. Adjusted net profit fell by 25.6% to RUB 20.35 billion from RUB 27.34 billion. Revenue increased by 13.7% to RUB 259.28 billion from RUB 28.066 billion. Gross profit fell by 6.1% to 68.44 billion rubles from 72.92 billion rubles, operating profit – by 24.5% to 30.55 billion rubles from 40.44 billion rubles, adjusted EBITDA – by 4.7% to 46.35 billion rubles from 48.65 billion rubles.
