Purcari Wineries Public Co., Ltd. · BVB:WINE
Purcari Wineries Public — Q4 2025 Earnings Presentation
15 slides from Purcari Wineries Public's earnings presentation, Feb 27, 2026
Slide 1: Corporate presentation: Q4 2025 Financial results
Purcari Wineries Group (PWG) Public Company Limited BVB: WINE Corporate presentation: Q4 2025 Financial results February 27, 2026 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 Anatol Belibov Eugeniu Baltag Victoria Moldovan Advisor to the CEO, Founder Chief Financial Officer Investor Relations Director Senior IR and ESG ▪ Founder of the Group, since 2002. ▪ Over 18 years of experience in ▪ Over 17 years of experience in ▪ Part of the IR te
Slide 4: Selected highlights for 12M 2025
Selected highlights for 12M 2025 ▪ Core wine revenue increased +14.6% YoY to RON 424.9 mn; other revenues contributed RON 12.2 mn, including HoReCa (+6% YoY). Commercial ▪ Romania, Moldova and Bulgaria accounted for 82% of Group sales, with Romania contributing updates 60%, and Bulgaria moving into
Slide 5: Key commercial updates
Key commercial updates Events Product launches Campaigns National Wine Day in Chisinau Motiv sparkling wines Winter Campaign – Cuvée de Purcari On October 4-5, Purcari Wineries Launch of the Motiv sparkling wines – a A campaign dedicated to Purcari sparkling participated at the National Wine Day in
Slide 6: Key financial performance metrics
Key financial TOTAL REVENUES TOTAL REVENUES performance RON mn RON mn LEGEND metrics: 12M 2024 12M 2025 Q4 2024 Q4 2025 12M Reference period 437.2 mn 12M 2024 382.3 437.2 120.3 75.9 136.5 89.4 In period performance 12M 2025 +14.3% +3.4% +14.3% +2.7% +15.1% +13.5% +17.7% Change vs corresponding perio
Slide 7: Core Revenue growth mix
Core Revenue growth mix YoY growth Revenue growth by geography, RON mn rate, % Comments +14.6% ▪ Sales increase exceeded RON 129.7m in 4Q (31% of FY 2025 425 revenue), with momentum broad across core markets. FY 371 38 34% 2025 revenue landed mid-range of guidance, up +14.6%. RoW 28 38 41 20 -7% ▪ R
Slide 8: Consistent financial performance track record
Consistent financial performance track record Revenues Gross Profit EBITDA RON mn RON mn RON mn 437 200 114 185 111 15.1% 382 14.5% 12.8% 370 101 154 302 79 132 75 116 248 65 60 99 98 199 204 55 83 168 44 142 68 ‘17 ’18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘17 ’18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘17 ’18 ‘19 ‘20
Slide 9: Broad-Based Growth and Stable Profitability in a Challenging Environment
Broad-Based Growth and Stable Profitability in a Challenging Environment Comments Purcari Group ▪ Revenue: 4Q25 revenue increased +13% YoY, supported by a balanced contribution from volume growth and price/mix uplift. Purcari, Angel’s RON m 4Q25 4Q24 ∆ 4Q 12M25 12M24 ∆ 12M Estate and Crama Ceptura l
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 50.8 million, -13.5% YoY 10.2 ▪ Gross margin up 8%, with operational efficiency partially offsetting the headwind of higher-cost bulk wine sourced from 15.0 the 2023
Slide 11: Resilient Balance Sheet Supporting Growth Investments
2 Resilient Balance Sheet Supporting Growth Investments Cash Position Net Debt Comments RON mn RON mn Cash managed prudently, with RON 50.8 270 Cash and 189 18.7m at Dec-25, balancing working- Receivables 32.1 capital needs and investment 21.8 23.5 18.6 20.7 18.7 109 128 98 12.6 76 46 66 spending. N
Slide 12: 2025 Guidance Delivery: Revenue and EBITDA In Line; Net Income Slightly Below Target
2025 Guidance Delivery: Revenue and EBITDA In Line; Net Income Slightly Below Target Target 2025 guidance 12M 2025 Status Comments actuals ▪ Core Wine delivered mid-teens growth, landing within the guidance range. Revenue growth +12-17% +14.3% = ▪ Executed commercial plans in core markets while exp
Slide 13: Guidance 2026
Guidance 2026 Target 2026 guidance Comments ▪ Expect continued revenue growth supported by strong Revenue +10-15% brand positioning in core markets, while geopolitical and growth macro uncertainty may drive short-term volatility. ▪ Continuous focus on new market development to diversify the revenue
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 73.23% 14.87% ~40 other institutional investors 5.61% ~3,000 retail investors 6.29% 20% / 80% ~108 institutional Note: Retail / investors (1) Maspex Voluntary Takeover Bid
Slide 15: Thank you for your attention!
Thank you for your attention! Investors Reports Wineries Discover more at https://purcariwineries.com/investitori/ Page 15
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