Purcari Wineries Public Co., Ltd. · BVB:WINE
Purcari Wineries Public — Q3 2025 Earnings Presentation
15 slides from Purcari Wineries Public's earnings presentation, Nov 17, 2025
Slide 1: Corporate presentation: Q3 2025 Financial results
Purcari Wineries Group (PWG) Public Company Limited BVB: WINE Corporate presentation: Q3 2025 Financial results November 17, 2025 Page 1 BVB: WINE
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS MADE AVAILABLE ON THIS WEBSITE BY PURCARI WINERIES PUBLIC COMPANY LIMITED (the Company) AND IS FOR INFORMATION PURPOSES ONLY. This presentation and its contents do not, and are not intended to, constitute or form part of, and should not be construed as, constituting o
Slide 3: Today's presenters
Today’s presenters Victor Bostan Alexandru Filip Anatol Belibov Victoria Moldovan Advisor to the CEO, Founder Chief Executive Officer Chief Financial Officer Senior IR and ESG ▪ Founder of the Group, since 2002. ▪ ~20 years of experience in finance ▪ Over 18 years of experience in ▪ Part of the IR t
Slide 4: Selected highlights for 9M 2025
Selected highlights for 9M 2025 ▪ Second consecutive quarter with sales exceeding RON 100 mn, ranking just below the seasonal peaks of Q4 2024 and Q4 2023. Commercial ▪ Three domestic markets accounted for 82% of total sales, with Romania leading (i.e., 61%). updates ▪ Purcari brand showed strong tr
Slide 5: Key commercial updates
Key commercial updates Events Product launches Campaigns National Wine Day in Chisinau Wine Crime Prosecco Summer Campaign – Cuvée de Purcari On October 4-5, Purcari Wineries Extension of the Wine Crime sparkling range A campaign dedicated to Purcari’s participated at the National Wine Day in with a
Slide 6: Key financial performance metrics
Key financial TOTAL REVENUES TOTAL REVENUES performance RON mn RON mn LEGEND metrics: 9M 2024 9M 2025 Q3 2024 Q3 2025 9M Reference period 300.6 mn 9M 2024 262.0 300.6 96.1 75.9 105.2 89.4 In period performance 9M 2025 +15% +3.8% +14.7% +5.5% +15.1% +9.5% +17.7% Change vs corresponding period previou
Slide 7: Core Revenue growth mix
Core Revenue growth mix YoY growth Revenue growth by geography, RON mn rate, % Comments +16% ▪ Growth continues in 3Q, with two-thirds driven by 295 an improved mix and pricing, while higher 255 27 30% volumes contributed the remaining one-third. RoW 28 19 13 32 -9% ▪ Second consecutive quarter with
Slide 8: Consistent financial performance track record
Consistent financial performance track record Revenues Gross Profit EBITDA RON mn RON mn RON mn 301 139 86 85 15.6% 262 15.5% 123 13.2% 253 72 104 200 91 61 58 85 166 46 69 68 44 139 138 39 57 113 31 95 44 ‘17 ’18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘17 ’18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘17 ’18 ‘19 ‘20 ‘21 ‘2
Slide 9: Strong performance driven by resilient operations
Strong performance driven by resilient operations Comments ▪ Revenue: Growth sustained in 3Q, with Purcari and Angel’s Estate up 22% and 25% YoY at 9M, respectively. Bostavan, Bardar, and Crama Ceptura posted single-digit Purcari Group gains. Romania remains the key market, contributing 61% of Group
Slide 10: Resilient profitability when accounting for extraordinary / MIP costs
Resilient profitability when accounting for extraordinary / MIP costs Changes to operational expenses, RON m Comments ▪ Net Profit RON 36.1 million, -17% YoY 16.0 ▪ Gross margin up 13%, with operational efficiency partially offsetting the headwind of higher-cost bulk wine sourced from 7.4 1.7 1.5 51
Slide 11: A strong balance sheet enabling sustained growth
2 A strong balance sheet enabling sustained growth Cash Position Net Debt Comments RON mn RON mn Strong Cash position thanks to 50.8 246 Cash and 189 prudent cash management while Receivables 32.1 navigating operational and 23.5 18.6 20.7 17.2 109 128 21.8 98 12.6 76 46 66 investment priorities. Dec
Slide 12: Strong 2025 Harvest Secured with Superior Quality
2 Strong 2025 Harvest Secured with Superior Quality 2025 harvest, with exceptional quality vintage Comments Own harvest and 3rd party purchases of grapes, million kg 38.0 ▪ Processed over 31 million kilograms of grapes, securing 35.1 34.1 sufficient wine stocks to support the Group’s growth ambition
Slide 13: Guidance 2025: maintaining the guidance for the year
Guidance 2025: maintaining the guidance for the year Target 2025 guidance 9M 2025 actuals Status Comments ▪ Core Wine posted mid-double-digit growth in the third quarter, landing at the Revenue midpoint of the guidance range. growth +12-17% +15% = ▪ Well-defined commercial plans and new partnership
Slide 14: Changes in shareholder structure for Maspex' voluntary takeover bid
Changes in shareholder structure for Maspex’ voluntary takeover bid Before Voluntary Takeover Bid1 After Voluntary Takeover Bid 72.5%2 15.1% ~47 other institutional investors 5.8% ~3,000 retail investors 6.3% Note: 20% / 80% (1) Maspex Voluntary Takeover Bid (June 25–July 30, 2025) ~108 institutiona
Slide 15: Thank you for your attention!
Thank you for your attention! Investors Reports Wineries Discover more at https://purcariwineries.com/investitori/ Page 20
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