# PRFoods Reports EUR 2.5 Million Net Loss After Exiting Saaremaa Production Unit

> PRFoods posted a EUR 2.5 million net loss for 2025/2026, with continuing operations losing EUR 2.3 million after the EUR 2.3 million Saaremaa disposal.

- Published: 2026-10-31T00:50:32+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-31/prfoods-net-loss-saaremaa-exit
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/31/3392703/0/en/prfoods-consolidated-audited-annual-report-2025-2026.html)

## Key takeaways

- PRFoods reported a net loss of EUR 2.5 million for the 2025/2026 financial year, with continuing operations losing EUR 2.3 million.
- The sale of the Saaremaa production unit generated a one-off gain of EUR 1.0 million on total proceeds of EUR 2.3 million.
- Revenue from the Saaremaa and Scotland production units fell 18.5% year on year to EUR 15.3 million.

[PRFoods](https://akta.pro/company-profiles/0006sui/prfoods) reported a net loss of EUR 2.5 million for the 2025/2026 financial year, with continuing operations posting a loss of EUR 2.3 million. The Estonian fish farming and production group disclosed the figures in its consolidated audited annual report, published by [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/31/3392703/0/en/prfoods-consolidated-audited-annual-report-2025-2026.html). PRFoods sells premium salmon, rainbow trout and caviar under the Saare Kala, John Ross Jr. and Coln Valley Smokery brands, with most sales in the UK.

## PRFoods Completes Saaremaa Exit and Books EUR 1.0 Million Gain

The group completed its exit from the Saaremaa production unit in Estonia at the end of the financial year, generating a one-off gain of EUR 1.0 million on total disposal proceeds of EUR 2.3 million. The sale ended the group's production activities in Estonia and lets it focus on higher value-added products in the UK market. The Management Board thanked the Saaremaa team and acknowledged Management Board member Timo Pärn for managing the unit and the group.

Revenue from the Saaremaa and Scotland production units was EUR 15.3 million, down 18.5% year on year. The Scotland unit brought in EUR 13.4 million, 3.1% less than the previous year, which the group attributed to weak consumer demand, pricing pressure, tax changes and uncertainty in the retail and HoReCa sectors. Scotland ended the year with an operating profit of EUR 0.1 million, against EUR 0.8 million in 2024/2025.

The net loss from discontinued operations was EUR 0.2 million; excluding the disposal gain, that loss would have been EUR 1.3 million, compared with a loss of EUR 1.0 million in 2024/2025. Continuing operations' result included EUR 1.9 million of interest expense recognised on restructured debt obligations under the effective interest method. The loans carry a nominal interest rate of 0% and, under the restructuring agreement, no interest payments are made. The Scotland unit ended the year at break-even, against a profit of EUR 0.5 million a year earlier.

## Saare Kala Tootmine Sale Drew EUR 2.3 Million

According to akta.pro [company records](https://akta.pro/company-data), subsidiary Saaremere Kala AS completed the sale of 100% of Saare Kala Tootmine OÜ to Latvian buyer Brīvais Vilnis A/S in June 2026 for total consideration of EUR 2.3 million. The price consisted of EUR 2 million for the share and EUR 300,000 for an inventory loan, with an initial payment of EUR 200,000 and the rest due under a vendor note agreement. Proceeds went toward partial repayment of a senior loan from Amber Trust II S.C.A., SICAR as part of the debt restructuring. The same records show Timo Pärn was recalled from the management boards of AS PRFoods and Saaremere Kala AS, leaving Kristjan Kotkas as the sole Management Board member of PRFoods.

## Kotkas Leads Push to Restore Scotland Profitability

"The Management Board is focused on restoring the profitability of the Scotland unit and improving operational efficiency, with the objective of increasing cash flows, strengthening the Group's capital position and achieving the targets set out in the restructuring agreement," Kristjan Kotkas, a member of the Management Board, said in the report.

## Companies in this story

- [PRFoods company profile](https://akta.pro/company-profiles/0006sui/prfoods) · website: http://www.prfoods.ee

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