{"success":true,"data":{"pressRelease":{"id":"156912","rtpr_id":"nGNEbB4fMb-20260930","ticker":"AUG1L","exchange":"","all_tickers":["AUG1L"],"title":"REG-AUGA group, RAB publishes unaudited consolidated interim financial statements for the 6-month period ended 30 June 2026","author":"Globe Newswire","published_at":"2026-09-30T13:30:50.108Z","article_body":"AUGA group, RAB has published its unaudited consolidated results for the first\n6 months of 2026: the gross result of the crop growing segment improved by EUR\n1.29 million and turned positive (EUR 0.01 million, compared to a loss of EUR\n1.28 million in the first half of 2025); the dairy segment remained profitable\ndespite a 19% drop in raw milk purchase prices (gross profit of EUR 0.53\nmillion, first half of 2025: EUR 3.31 million); the gross profit of the\nfast-moving consumer goods (FMCG) segment grew to EUR 0.39 million (first half\nof 2025: EUR 0.22 million); EBITDA amounted to EUR 3.49 million (first half of\n2025: EUR 6.60 million); and the first of the four actions of the\nrestructuring plan – the sale of Baltic Champs – was completed ahead of\nthe deadline set in the plan.\n\n30 September 2026\n\nFinancial information\n\nOn 30 September 2026, AUGA group, RAB, legal entity code 126264360\n(hereinafter – the Company), published its unaudited consolidated financial\nresults for the first 6 months of 2026. The Group's sales revenue in the first\nhalf of 2026 amounted to EUR 13.84 million (first half of 2025: EUR 16.37\nmillion). The change in revenue was mainly driven by 19% lower raw milk\npurchase prices in the market and a smaller volume of the 2025 harvest sold,\nwhile the revenue of the FMCG segment grew. The Group's gross profit amounted\nto EUR 0.93 million, EBITDA – to EUR 3.49 million, and the EBITDA margin –\nto 25%.\n\nThe comparative figures for the first half of 2025 in the financial statements\nhave been restated: following the completion of the sale of Baltic Champs in\nFebruary 2026, the mushroom growing business has been classified as a\ndiscontinued operation under IFRS 5 and eliminated from the indicators of\ncontinuing operations.\n\n Main indicators, EUR million                       6 months of 2026  6 months of 2025  \n Sales revenue                                      13.84             16.37             \n Gross profit                                       0.93              2.26              \n EBITDA                                             3.49              6.60              \n EBITDA margin                                      25%               40%               \n Selling and administrative expenses                3.99              4.05              \n Loss from continuing operations                    (6.94)            (4.06)            \n Result of discontinued operations (Baltic Champs)  (14.25)           (0.24)            \n Net loss                                           (21.20)           (4.30)            \n\n\n\nThe net result for the period was determined by a one-off non-cash accounting\nloss of EUR 14.04 million on the loss of control of Baltic Champs – the\ndifference between the carrying amount of the net assets sold and the sale\nprice agreed in accordance with the procedure set out in the restructuring\nplan. This loss did not reduce the Group's cash flows: the proceeds of the\ntransaction were used to redeem in full the Group's most expensive bond issue,\ncarrying an annual interest rate of 14%, and the Group's financial debts and\nlease liabilities decreased by approximately EUR 11.6 million on the\ntransaction date. The loss from continuing operations increased compared to\nthe previous year mainly due to finance costs (EUR 4.37 million; first half of\n2025: EUR 2.91 million): in the first half of 2025, until the approval of the\nrestructuring plan, no interest was accrued on the debts under restructuring,\nso the finance costs of the two periods are not directly comparable. The\ninterest burden will be reduced by the debt reduction actions provided for in\nthe restructuring plan.\n\n\"The first half of 2026 has shown that the restructuring plan is working and\nthat we are implementing it faster than envisaged. We completed the sale of\nBaltic Champs ahead of the deadline set in the plan, redeemed the Group's most\nexpensive debt instrument, and in April, together with the creditors'\ncommittee, selected the manager of the dairy farms fund being established. Of\nthe 27 group companies for which restructuring processes were initiated, 15\nhave already exited after reaching agreements with their main creditors, and\nthe plans of the remaining 11 companies (excluding Baltic Champs which was\nsold) have been approved and are being implemented. This provides clarity to\ncreditors, shareholders and our team alike,\" said Kęstutis Juščius,\nChairman of the Board of AUGA group, RAB.\n\nOperating segments\n\nCrop growing. In the 2025/2026 season, the Group farms 32.3 thousand ha of\nland, of which 26.1 thousand ha are sown: wheat accounts for 10.3 thousand ha,\nlegumes for 4.9 thousand ha and other crops for 10.8 thousand ha. The\nsegment's gross result turned positive in the first half of 2026 and amounted\nto EUR 0.01 million, compared to a loss of EUR 1.28 million in the first half\nof 2025. The main driver was more favourable crop valuation assumptions: the\noverall fair value result of biological assets for the 2025/2026 season as at\n30 June 2026 was a loss of EUR 2.09 million – 45% smaller than a year\nearlier (EUR 3.83 million). The segment's sales revenue amounted to EUR 3.80\nmillion (first half of 2025: EUR 4.40 million), and agricultural subsidies to\nEUR 3.98 million. The final result of the crop growing segment will be known\nafter the harvest, once harvest income and final crop growing costs have been\ndetermined.\n\nDairy. Milk sales volumes grew by 2% to 13.5 thousand tonnes, and cattle sales\nrevenue by 8% to EUR 1.32 million. Sales revenue decreased to EUR 8.01 million\n(first half of 2025: EUR 9.98 million). The average milk yield per cow per day\nremained at 24.7 kg. Despite 19% lower raw milk purchase prices in the market\nand an 11% increase in the segment's costs, dairy remained profitable – its\ngross profit amounted to EUR 0.53 million.\n\nFast-moving consumer goods (FMCG). The segment's sales revenue grew by 2% to\nEUR 2.03 million, while its gross profit increased by 77% to EUR 0.39 million\n(first half of 2025: EUR 0.22 million). The segment's costs decreased by 7%.\n\n\"We continue to pay close attention to cost management. Although everything is\nbecoming more expensive, we have managed to keep costs under control in almost\nall areas. In crop growing, we are entering the harvest with lower accumulated\nseason costs than last year, the costs of the FMCG segment decreased by 7%,\nand selling and administrative expenses declined. The only exception is dairy,\nwhere the more expensive fuel and fertilisers needed for feed production,\ntogether with rising wages, increased the segment's costs, yet this segment\nalso remained profitable. The price environment is changing: grain prices in\nthe market have risen, and futures prices indicate that, after several years\nat the bottom of the cycle, we are moving into a cycle of higher prices; raw\nmilk purchase prices stabilised in the first half of the year, and their\ngrowth is already visible in the third quarter,\" said Laurynas Miškinis,\nChief Executive Officer of AUGA group, RAB.\n\nOperating cost management\n\nThe Group's selling and administrative expenses decreased to EUR 3.99 million\n(first half of 2025: EUR 4.05 million): both payroll costs and other operating\nexpense lines have been kept under control, despite rising wages, increasing\nprices and additional costs related to the restructuring processes.\n\nImplementation of the restructuring plan\n\nOn 26 February 2026, the sale of 100% of the shares of Baltic Champs was\ncompleted – the first of the four key actions of the restructuring plan,\nimplemented ahead of the deadline set in the plan. The total value of the\ntransaction was EUR 8.46 million. On 27 February 2026, the proceeds of the\ntransaction were used to redeem in full the bond issue of UAB AWG Investment 1\ntogether with accrued interest (EUR 5.22 million).\n\nIn April 2026, with the approval of the creditors' committee, UAB ZeroSum\nAsset Management, a management company licensed by the Bank of Lithuania, was\nselected as the manager of the dairy farms fund being established. The other\nthree key actions of the plan are being continued: the sale of land-owning\ncompanies and the separation and realisation of the dairy business and of the\ncrop growing business in the Raseiniai region.\n\nOf the 27 group companies for which restructuring processes were initiated, 15\nhave exited them after reaching agreements with their main creditors; the\nrestructuring plans of the remaining 11 companies, including the Company, have\nbeen approved and are being implemented. Settlements with creditors are\nscheduled for 2025–2029.\n\nThe Group's consolidated unaudited interim financial information for the\n6-month period ended 30 June 2026 is attached.\n\nContacts:\nChief Financial Officer of AUGA group, RAB\nKristupas Baranauskas\n+370 5 233 5340\n\nAttachment\n*     FS_20260630_v2\n(https://ml-eu.globenewswire.com/Resource/Download/2e5a0105-0fb5-4299-a78e-5aff90d5a1c2)","article_body_html":"","raw_payload":{"data":{"id":"nGNEbB4fMb-20260930","title":"REG-AUGA group, RAB publishes unaudited consolidated interim financial statements for the 6-month period ended 30 June 2026","author":"Globe Newswire","ticker":"AUG1L","created":"2026-09-30T13:30:50.108Z","tickers":["AUG1L"],"exchange":"","article_body":"AUGA group, RAB has published its unaudited consolidated results for the first\n6 months of 2026: the gross result of the crop growing segment improved by EUR\n1.29 million and turned positive (EUR 0.01 million, compared to a loss of EUR\n1.28 million in the first half of 2025); the dairy segment remained profitable\ndespite a 19% drop in raw milk purchase prices (gross profit of EUR 0.53\nmillion, first half of 2025: EUR 3.31 million); the gross profit of the\nfast-moving consumer goods (FMCG) segment grew to EUR 0.39 million (first half\nof 2025: EUR 0.22 million); EBITDA amounted to EUR 3.49 million (first half of\n2025: EUR 6.60 million); and the first of the four actions of the\nrestructuring plan – the sale of Baltic Champs – was completed ahead of\nthe deadline set in the plan.\n\n30 September 2026\n\nFinancial information\n\nOn 30 September 2026, AUGA group, RAB, legal entity code 126264360\n(hereinafter – the Company), published its unaudited consolidated financial\nresults for the first 6 months of 2026. The Group's sales revenue in the first\nhalf of 2026 amounted to EUR 13.84 million (first half of 2025: EUR 16.37\nmillion). The change in revenue was mainly driven by 19% lower raw milk\npurchase prices in the market and a smaller volume of the 2025 harvest sold,\nwhile the revenue of the FMCG segment grew. The Group's gross profit amounted\nto EUR 0.93 million, EBITDA – to EUR 3.49 million, and the EBITDA margin –\nto 25%.\n\nThe comparative figures for the first half of 2025 in the financial statements\nhave been restated: following the completion of the sale of Baltic Champs in\nFebruary 2026, the mushroom growing business has been classified as a\ndiscontinued operation under IFRS 5 and eliminated from the indicators of\ncontinuing operations.\n\n Main indicators, EUR million                       6 months of 2026  6 months of 2025  \n Sales revenue                                      13.84             16.37             \n Gross profit                                       0.93              2.26              \n EBITDA                                             3.49              6.60              \n EBITDA margin                                      25%               40%               \n Selling and administrative expenses                3.99              4.05              \n Loss from continuing operations                    (6.94)            (4.06)            \n Result of discontinued operations (Baltic Champs)  (14.25)           (0.24)            \n Net loss                                           (21.20)           (4.30)            \n\n\n\nThe net result for the period was determined by a one-off non-cash accounting\nloss of EUR 14.04 million on the loss of control of Baltic Champs – the\ndifference between the carrying amount of the net assets sold and the sale\nprice agreed in accordance with the procedure set out in the restructuring\nplan. This loss did not reduce the Group's cash flows: the proceeds of the\ntransaction were used to redeem in full the Group's most expensive bond issue,\ncarrying an annual interest rate of 14%, and the Group's financial debts and\nlease liabilities decreased by approximately EUR 11.6 million on the\ntransaction date. The loss from continuing operations increased compared to\nthe previous year mainly due to finance costs (EUR 4.37 million; first half of\n2025: EUR 2.91 million): in the first half of 2025, until the approval of the\nrestructuring plan, no interest was accrued on the debts under restructuring,\nso the finance costs of the two periods are not directly comparable. The\ninterest burden will be reduced by the debt reduction actions provided for in\nthe restructuring plan.\n\n\"The first half of 2026 has shown that the restructuring plan is working and\nthat we are implementing it faster than envisaged. We completed the sale of\nBaltic Champs ahead of the deadline set in the plan, redeemed the Group's most\nexpensive debt instrument, and in April, together with the creditors'\ncommittee, selected the manager of the dairy farms fund being established. Of\nthe 27 group companies for which restructuring processes were initiated, 15\nhave already exited after reaching agreements with their main creditors, and\nthe plans of the remaining 11 companies (excluding Baltic Champs which was\nsold) have been approved and are being implemented. This provides clarity to\ncreditors, shareholders and our team alike,\" said Kęstutis Juščius,\nChairman of the Board of AUGA group, RAB.\n\nOperating segments\n\nCrop growing. In the 2025/2026 season, the Group farms 32.3 thousand ha of\nland, of which 26.1 thousand ha are sown: wheat accounts for 10.3 thousand ha,\nlegumes for 4.9 thousand ha and other crops for 10.8 thousand ha. The\nsegment's gross result turned positive in the first half of 2026 and amounted\nto EUR 0.01 million, compared to a loss of EUR 1.28 million in the first half\nof 2025. The main driver was more favourable crop valuation assumptions: the\noverall fair value result of biological assets for the 2025/2026 season as at\n30 June 2026 was a loss of EUR 2.09 million – 45% smaller than a year\nearlier (EUR 3.83 million). The segment's sales revenue amounted to EUR 3.80\nmillion (first half of 2025: EUR 4.40 million), and agricultural subsidies to\nEUR 3.98 million. The final result of the crop growing segment will be known\nafter the harvest, once harvest income and final crop growing costs have been\ndetermined.\n\nDairy. Milk sales volumes grew by 2% to 13.5 thousand tonnes, and cattle sales\nrevenue by 8% to EUR 1.32 million. Sales revenue decreased to EUR 8.01 million\n(first half of 2025: EUR 9.98 million). The average milk yield per cow per day\nremained at 24.7 kg. Despite 19% lower raw milk purchase prices in the market\nand an 11% increase in the segment's costs, dairy remained profitable – its\ngross profit amounted to EUR 0.53 million.\n\nFast-moving consumer goods (FMCG). The segment's sales revenue grew by 2% to\nEUR 2.03 million, while its gross profit increased by 77% to EUR 0.39 million\n(first half of 2025: EUR 0.22 million). The segment's costs decreased by 7%.\n\n\"We continue to pay close attention to cost management. Although everything is\nbecoming more expensive, we have managed to keep costs under control in almost\nall areas. In crop growing, we are entering the harvest with lower accumulated\nseason costs than last year, the costs of the FMCG segment decreased by 7%,\nand selling and administrative expenses declined. The only exception is dairy,\nwhere the more expensive fuel and fertilisers needed for feed production,\ntogether with rising wages, increased the segment's costs, yet this segment\nalso remained profitable. The price environment is changing: grain prices in\nthe market have risen, and futures prices indicate that, after several years\nat the bottom of the cycle, we are moving into a cycle of higher prices; raw\nmilk purchase prices stabilised in the first half of the year, and their\ngrowth is already visible in the third quarter,\" said Laurynas Miškinis,\nChief Executive Officer of AUGA group, RAB.\n\nOperating cost management\n\nThe Group's selling and administrative expenses decreased to EUR 3.99 million\n(first half of 2025: EUR 4.05 million): both payroll costs and other operating\nexpense lines have been kept under control, despite rising wages, increasing\nprices and additional costs related to the restructuring processes.\n\nImplementation of the restructuring plan\n\nOn 26 February 2026, the sale of 100% of the shares of Baltic Champs was\ncompleted – the first of the four key actions of the restructuring plan,\nimplemented ahead of the deadline set in the plan. The total value of the\ntransaction was EUR 8.46 million. On 27 February 2026, the proceeds of the\ntransaction were used to redeem in full the bond issue of UAB AWG Investment 1\ntogether with accrued interest (EUR 5.22 million).\n\nIn April 2026, with the approval of the creditors' committee, UAB ZeroSum\nAsset Management, a management company licensed by the Bank of Lithuania, was\nselected as the manager of the dairy farms fund being established. The other\nthree key actions of the plan are being continued: the sale of land-owning\ncompanies and the separation and realisation of the dairy business and of the\ncrop growing business in the Raseiniai region.\n\nOf the 27 group companies for which restructuring processes were initiated, 15\nhave exited them after reaching agreements with their main creditors; the\nrestructuring plans of the remaining 11 companies, including the Company, have\nbeen approved and are being implemented. Settlements with creditors are\nscheduled for 2025–2029.\n\nThe Group's consolidated unaudited interim financial information for the\n6-month period ended 30 June 2026 is attached.\n\nContacts:\nChief Financial Officer of AUGA group, RAB\nKristupas Baranauskas\n+370 5 233 5340\n\nAttachment\n*     FS_20260630_v2\n(https://ml-eu.globenewswire.com/Resource/Download/2e5a0105-0fb5-4299-a78e-5aff90d5a1c2)"},"type":"article","timestamp":"2026-09-30T13:30:50.202700095Z","server_sent_at_ms":1790775050202},"received_at":"2026-09-30T13:30:50.253Z","source_url":null},"analysis":{"id":"145588","press_release_id":"156912","analysis_json":{"industry":{"label":"Food Products","sector":"Consumer Staples"},"redFlags":["net loss of EUR 21.2 million, widening sharply from EUR 4.3 million a year earlier","revenue down ~15% YoY and EBITDA nearly halved (EUR 3.49M vs EUR 6.60M)","restructuring requires asset sales and creditor settlements through 2029"],"eventType":"earnings","narrative":"AUGA group published unaudited H1 2026 results showing sales revenue of EUR 13.84 million, down from EUR 16.37 million a year earlier, on 19% lower raw milk prices and a smaller volume of harvest sold.\n\nThe Group posted a net loss of EUR 21.20 million, driven by a one-off non-cash EUR 14.04 million loss on the sale of Baltic Champs, which management notes did not reduce cash flows; EBITDA was EUR 3.49 million with a 25% margin.\n\nRestructuring execution is ahead of plan: the Baltic Champs sale closed early, proceeds redeemed the 14% bond issue in full, and 15 of 27 group companies have exited restructuring processes, with creditor settlements scheduled for 2025–2029.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Big headline loss is non-cash restructuring accounting; deleveraging is real — 14% bond redeemed and debt cut by EUR 11.6M."},"keyFigures":{"revenue":"EUR 13.84 million","revenueYoy":"-15.5%","customDimensions":{"ebitda_eur_m":3.49,"ebitda_margin":"25%","gross_profit_eur_m":0.93,"bond_redeemed_eur_m":5.22,"finance_costs_eur_m":4.37,"revenue_h1_2025_eur_m":16.37,"fmcg_gross_profit_eur_m":0.39,"dairy_gross_profit_eur_m":0.53,"baltic_champs_sale_value_eur_m":8.46,"debt_and_lease_reduction_eur_m":11.6,"one_off_loss_baltic_champs_eur_m":14.04,"crop_segment_gross_result_change_eur_m":1.29}},"quotedText":"The first half of 2026 has shown that the restructuring plan is working and that we are implementing it faster than envisaged.","namedEntities":{"people":[{"name":"Kęstutis Juščius","role":"Chairman of the Board, AUGA group, RAB"},{"name":"Laurynas Miškinis","role":"Chief Executive Officer, AUGA group, RAB"},{"name":"Kristupas Baranauskas","role":"Chief Financial Officer, AUGA group, RAB"}],"products":[],"companies":[{"name":"AUGA group, RAB","ticker":"AUG1L","relationship":"filer"},{"name":"Baltic Champs","relationship":"divested subsidiary (sold February 2026)"},{"name":"UAB AWG Investment 1","relationship":"bond issuer whose issue was redeemed"},{"name":"UAB ZeroSum Asset Management","relationship":"selected manager of the dairy farms fund"}],"dollarAmounts":[{"amount":"EUR 13.84 million","context":"H1 2026 sales revenue"},{"amount":"EUR 21.20 million","context":"H1 2026 net loss"},{"amount":"EUR 14.04 million","context":"one-off non-cash accounting loss on loss of control of Baltic Champs"},{"amount":"EUR 8.46 million","context":"total value of Baltic Champs sale transaction"},{"amount":"EUR 5.22 million","context":"bond redemption of UAB AWG Investment 1 with accrued interest"},{"amount":"EUR 11.6 million","context":"reduction in financial debts and lease liabilities on transaction date"},{"amount":"EUR 3.49 million","context":"H1 2026 EBITDA"},{"amount":"EUR 4.37 million","context":"H1 2026 finance costs"}]},"materialImpact":{"score":3,"reasoning":"Interim results show a EUR 21.2M net loss (driven by a EUR 14.04M one-off non-cash loss on the Baltic Champs sale) and a 15% revenue decline, but restructuring plan execution is ahead of schedule with the most expensive 14% bond redeemed in full."},"tickerRelevance":{"others":[],"primary":"AUG1L"},"globalImportance":22,"audienceRelevance":12,"eventTypeSecondary":["restructuring"],"importanceComponents":{"tickerTier":"small-cap foreign issuer (Nasdaq Vilnius)","eventGravity":"routine interim results with restructuring progress","householdBrandBoost":"minimal outside Baltics","marketCapAdjustment":"micro-cap weight"}},"event_type":"earnings","event_type_secondary":["restructuring"],"sentiment":"mixed","material_impact_score":3,"narrative":"AUGA group published unaudited H1 2026 results showing sales revenue of EUR 13.84 million, down from EUR 16.37 million a year earlier, on 19% lower raw milk prices and a smaller volume of harvest sold.\n\nThe Group posted a net loss of EUR 21.20 million, driven by a one-off non-cash EUR 14.04 million loss on the sale of Baltic Champs, which management notes did not reduce cash flows; EBITDA was EUR 3.49 million with a 25% margin.\n\nRestructuring execution is ahead of plan: the Baltic Champs sale closed early, proceeds redeemed the 14% bond issue in full, and 15 of 27 group companies have exited restructuring processes, with creditor settlements scheduled for 2025–2029.","key_figures":{"revenue":"EUR 13.84 million","revenueYoy":"-15.5%","customDimensions":{"ebitda_eur_m":3.49,"ebitda_margin":"25%","gross_profit_eur_m":0.93,"bond_redeemed_eur_m":5.22,"finance_costs_eur_m":4.37,"revenue_h1_2025_eur_m":16.37,"fmcg_gross_profit_eur_m":0.39,"dairy_gross_profit_eur_m":0.53,"baltic_champs_sale_value_eur_m":8.46,"debt_and_lease_reduction_eur_m":11.6,"one_off_loss_baltic_champs_eur_m":14.04,"crop_segment_gross_result_change_eur_m":1.29}},"named_entities":{"people":[{"name":"Kęstutis Juščius","role":"Chairman of the Board, AUGA group, RAB"},{"name":"Laurynas Miškinis","role":"Chief Executive Officer, AUGA group, RAB"},{"name":"Kristupas Baranauskas","role":"Chief Financial Officer, AUGA group, RAB"}],"products":[],"companies":[{"name":"AUGA group, RAB","ticker":"AUG1L","relationship":"filer"},{"name":"Baltic Champs","relationship":"divested subsidiary (sold February 2026)"},{"name":"UAB AWG Investment 1","relationship":"bond issuer whose issue was redeemed"},{"name":"UAB ZeroSum Asset Management","relationship":"selected manager of the dairy farms fund"}],"dollarAmounts":[{"amount":"EUR 13.84 million","context":"H1 2026 sales revenue"},{"amount":"EUR 21.20 million","context":"H1 2026 net loss"},{"amount":"EUR 14.04 million","context":"one-off non-cash accounting loss on loss of control of Baltic Champs"},{"amount":"EUR 8.46 million","context":"total value of Baltic Champs sale transaction"},{"amount":"EUR 5.22 million","context":"bond redemption of UAB AWG Investment 1 with accrued interest"},{"amount":"EUR 11.6 million","context":"reduction in financial debts and lease liabilities on transaction date"},{"amount":"EUR 3.49 million","context":"H1 2026 EBITDA"},{"amount":"EUR 4.37 million","context":"H1 2026 finance costs"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T13:30:59.899Z","global_importance":22,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap foreign issuer (Nasdaq Vilnius)","eventGravity":"routine interim results with restructuring progress","householdBrandBoost":"minimal outside Baltics","marketCapAdjustment":"micro-cap weight"}},"durationMs":9631,"modelName":"glm-5.3-flashx"}}