Novabev Group announces financial results for H1 2025
Novabev Group announces consolidated financial statements for the first half of 2025 prepared in accordance with IFRS: revenue increased by 20% and reached RUB 69.2 billion, gross profit increased by 22% and exceeded RUB 25 billion, EBITDA increased by 22% and amounted to RUB 9.2 billion, net profit also showed positive dynamics and amounted to RUB 2.1 billion, and net operating cash flow increased by 206% to RUB 8.7 billion.
Key financial indicators and major corporate events:
|
H1 2025 |
|
|
Sales (9L cases, mln) |
8,0 (+5%) |
|
Revenue (RUB, mln) |
69,150 (+20%) |
|
Gross profit (RUB, mln) |
25,084 (+22%) |
|
Operating profit (RUB, mln) |
5,786 (+28%) |
|
EBITDA (RUB, mln) |
9,217 (+22%) |
|
Net profit (RUB, mln) |
2,102 (+4%) |
|
Profit per share (RUB) |
22.77 (+10%) |
|
Net operating cash flow |
8,739 (+206%) |
|
Retail segment: |
|
|
Number of stores (units) |
2,129 (+18%) |
|
Revenue (RUB, mln) |
47,527 (+25%) |
|
EBITDA (RUB, mln) |
5,213 (+51%) |
During the period, the group showed double-digit growth in revenue, gross profit and EBITDA due to a significant increase in sales of high-margin brands from the premium and higher segments, as well as the gradual entry of a significant number of WineLab chain stores into their maturity stage.
In the first half of the year, the company showed growth in a stagnating market: total sales approached 8.0 million 9L cases (+5%). The highest dynamics among its own brands were enjoyed by premium brands of vodka, Orthodox (+55%) and Belaya Sova (White Owl) (+36%), as well as Troublemaker whiskey (+145%) and Green Baboon gin (+33%). Among imported brands, there were the Barceló rum line (+21%) and Noy Armenian cognac (+18%), as well as the wines Concha y Toro (+32%), Cono Sur (+18%) and Torres (+16%).
The main driver of growth of the group's key financial indicators in the first half of 2025 was the retail segment. The number of outlets in June reached 2,129, and revenue grew by 25%. The high indicator was provided by traffic (+11.8%) and the average ticket (+9.7%). Retail EBITDA in the first half of 2025 showed growth of 51% to RUB 5.2 billion. The number of participants in the WINCLUB bonus and cumulative loyalty system increased by 23% compared with the same period last year and exceeded 9.2 million people.
The board of directors is focused on the investment attractiveness of the business. According to its policy, dividends were paid for 2024. 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.
A significant matter that affected the group's activities after the reporting period was a cyberattack that occurred in mid-July. The group has restored key business processes and is working on restoring second-level systems, as well as modernizing cyber defenses.
Novabev Group's solid financial results for the first half of the year confirm its stable position in the competitive Russian alcohol market. Growth was achieved through brand diversification with a focus on the premium segment, as well as distribution expansion, strengthened retail marketing, development of the WineLab retail chain, and operations with working capital. These strategic initiatives have helped ensure the sustainability of Novabev Group.