Daniel S. Gatenio & Son S.A., the food and beverage import and trading company of the DELTA/Vivartia Group, recorded strong revenue growth but significantly lower profitability in 2025.
According to the financial statements, sales rose 17.3% to 52.02 million euros, compared to 44.35 million euros in 2024, with the dairy products category serving as the main driver of growth. However, gross profit remained unchanged at 7 million euros.
Pre-tax profits fell to 2.22 million euros from 4.27 million euros, while net profits dropped by nearly half to 1.71 million euros, compared to 3.33 million euros in 2024.
Management attributes the decline primarily to non-recurring losses related to trade receivables from a specific counterparty—without naming the company or customer—and to an increase in financial expenses.
At the same time, cash and cash equivalents decreased to 1.82 million euros from 5.48 million euros, a development linked both to loan repayments and to dividend distributions and investments made during the fiscal year. At the same time, equity increased to 9.05 million euros, while short-term bank debt was significantly reduced, falling to 148 thousand euros from 2 million euros at the end of 2024.
For 2026, management appears cautiously optimistic, although it acknowledges that geopolitical uncertainty, inflationary pressures, and fluctuations in raw material prices continue to affect the market.
At the heart of its strategy are improving profit margins, stricter cost management, strengthening liquidity, and optimizing working capital.