The dairy company KRI-KRI has published its financial statements for the first quarter of 2026.
Revenue stood at €89.90 million, compared to €66.38 million in 2025 (an increase of +35.4%).
Key profitability figures are as follows:
• Operating profit (EBITDA) amounted to €19.73 million, compared to €10.49 million in 2025.
• Earnings before taxes amounted to €17.83 million, compared to €8.98 million in 2025.
• Finally, net profit after taxes amounted to €13.89 million, compared to €7.25 million in 2025.
It should be noted that the profitability figures reported for the first quarter are not representative of the full year 2026. This is because the additional costs associated with various expense items, resulting from the ongoing conflict in the Middle East, have not yet been incorporated. Thus, for the remainder of the year, a gradual decline in profit margins is expected.
Regarding performance by sector, in the yogurt segment, total sales increased by +40.6% in value and +34.5% in volume. In international markets, sales continue to show strong growth of +54.3%, exceeding €62 million. They now account for nearly 75% of the dairy business. The significant boost comes from the key markets of the United Kingdom [+74%] and Italy [+36%].
In the domestic yogurt market, sales increased by +10.5% in value, essentially following the market trend. The overall market has entered a growth phase, showing an increase of +10.9% in value and +8.4% in volume [Circana data (formerly IRI), Jan.-Mar. 2026].
At the same time, the shift of consumers toward private-label yogurts is beginning to show signs of saturation. Thus, private-label yogurts maintained their market share in value, but declined by 2.3 percentage points in volume.
On the other hand, the market share of KRI-KRI’s branded yogurts remained stable at 13%, maintaining its second-place market position [data from Circana (formerly IRI), by value, Jan.–Mar. 2026].
In the ice cream sector, where the first quarter is not representative of annual results due to high seasonality, domestic sales amounted to €4.20 million compared to €3.92 million in the corresponding period of the previous year (an increase of +7.2%).
Regarding investment activity, the company has developed and is implementing investment plans aimed at increasing production capacity as well as technologically upgrading its yogurt and ice cream plants.
In the first quarter of 2026, fixed asset purchases totaling approximately €3.5 million were made. Overall, for the 2026 fiscal year, investments ranging from €26 million to €30 million are expected to be implemented.