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Source document
Annual Report
Northwind Industries — FY2025
Latvia · Industrial Manufacturing · Filed 28 Feb 2026
Section
Consolidated Financial Statements
Page 42 · Note 12
Highlighted metric
EBITDA margin — FY2025
Reference from data validation drill-through
0.0%
Management's Discussion & Analysis
In FY2025, Northwind Industries generated revenues of €200.0 million, delivering a EBITDA margin of 0.0%. This reflects continued discipline in operating cost management, favorable product mix in the second half of the year, and one-off recoveries related to raw material cost inflation. Management believes these results position the Group well for the FY2026 outlook.
Non-recurring items totalling €2.1 million have been excluded from underlying earnings in line with our alternative performance measures policy (see Note 2). IFRS 16 lease adjustments were applied consistently across all reporting periods presented.
Calculation methodology
EBITDA margin = EBITDA ÷ Net sales × 100%
EBITDA margin(FY2025) = 0.0%
Consolidated Income Statement (excerpt)
| €M | FY2024 | FY2025 |
|---|---|---|
| Revenue | 188.0 | 200.0 |
| Cost of sales | -132.0 | -140.0 |
| Gross profit | 56.0 | 60.0 |
| Operating expenses | -26.0 | -28.0 |
| EBITDA | 30.0 | 32.0 |
| Depreciation & amortisation | -8.0 | -10.0 |
| EBIT | 22.0 | 22.0 |
| Net finance costs | -4.0 | -4.0 |
| Profit before tax | 18.0 | 18.0 |
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