Financial Results of Novabev Group for 2025
Novabev Group (MOEX: BELU), the leading alcohol company in Russia, announces the IFRS consolidated financial results for 2025. Revenue for the period increased by 10% to RUB 149.3 billion, gross profit rose by 11% to RUB 53.7 billion, EBITDA grew by 14% to RUB 21.2 billion, net profit was up 13% to RUB 5.2 billion.
Key financial indicators and major corporate events:
|
FY 2025 |
|
|
Sales (million 9L cases) |
17.6 (-2%) |
|
Revenue (RUB, mln) |
149,266 (+10%) |
|
Gross profit (RUB, mln) |
53,650 (+11%) |
|
Operating profit (RUB, mln) |
14,143 (+15%) |
|
EBITDA (RUB, mln) |
21,204 (+14%) |
|
Net profit (RUB, mln) |
5,169 (+13%) |
|
Profit per share (RUB) |
56.1 (+39%) |
By the end of 2025, Novabev Group — a leading spirits producer, top sales-volume supplier across all channels and owner of the fastest-growing specialty alcohol retailer — had reported double-digit revenue, gross profit and EBITDA growth. This was achieved through significant growth in sales of high-margin brands in the premium and higher segments, optimization of the product portfolio, a shift towards more liquid brands, the gradual transition of a significant number of WineLab stores to the maturity stage, and ongoing efforts to improve operational efficiency.
Despite the market being stagnant, the group maintained its key operating indicators. Total sales approached 17.6 million 9L cases (-2%). The strongest growth among the company’s own brands was seen in the premium vodka brands Orthodox (+53%) and Belaya Sova (+19%), the whiskey brand Troublemaker (+43%), the gin brand Green Baboon (+21%) and the sparkling wine brand VOGUE (+12%). Positive growth was also seen among the top-selling vodka brands by volume: Arkhangelskaya (+5%) and Belyenkaya (+3%).
The retail segment continues to make a significant contribution to the group’s growth. The number of WineLab retail outlets increased by 7% to 2,175, and revenue grew by 9%. This growth was driven by increasing demand in the premium segment and record online sales in December 2025. Retail EBITDA increased by 22% to RUB 12.1 billion. Meanwhile, the number of participants in the WINCLUB loyalty rewards program increased by 18.2% compared to the same period last year, exceeding 10 million people.
The board of directors is focused on the investment attractiveness of the business. According to its policy, dividends were paid for 2024 and 1H 2025. An important corporate event for the period was the confirmation of the financial stability of the group by the National Credit Ratings agency, which assigned the group an AA.ru rating with a stable outlook.
Despite the market being stagnant, Novabev Group demonstrated a strong financial position at the end of 2025. The company is continuing to focus on developing the premium segment, expanding the WineLab retail chain and its e-commerce presence, increasing distribution and managing working capital. These results confirm the success of the company’s vertically integrated business model and its diversified portfolio. In line with its strategy, the group will continue to grow, prioritizing operational efficiency and building a balanced, high-margin product portfolio that aligns with market trends.