Karlsberg Brauerei publishes half-year figures 2025

27 Aug 2025 10:00 CEST

- Market share expanded
- EBITDA moderately below previous year
- Annual forecast for the current financial year 2025 adjusted

Homburg, 27 August 2025 – Karlsberg Brauerei GmbH (corporate bond, ISIN:
NO0013168005, WKN: A3825C) has announced its figures for the first half of 2025.
While the German beer market experienced a noticeable decline in volume in the
first half of the year, the domestic brand business developed solidly with the
Karlsberg and MiXery brands.

The Karlsberg brand performed well in the market in the first half of the year
and increased its market share in its main sales region. Revenue was almost on a
par with the previous year. In the non-alcoholic products segment, the company
continued its growth course with a 5.9% increase in revenue. In particular,
Karlsberg Grapefruit Alkoholfrei (non-alcoholic) once again recorded significant
growth of 23.6% following already high double-digit growth in the previous year.

The MiXery brand slightly increased its market share in the national segment of
alcoholic mixed beer drinks. However, revenue was 7.0% below the previous year's
level.

Overall, gross revenue (revenue before deduction of revenue reductions and
excise duties) at Karlsberg Brauerei GmbH fell by EUR 3.4 million (-4.5%) to EUR
73.5 million in the first half of the year. Domestic gross beverage revenues
amounted to EUR 60.7 million, down 2.7% on the previous year (EUR 62.4 million).
By contrast, gross beverage revenues in international business recorded a
significant decline of 12.9% to EUR 9.9 million.

The operational key performance indicators, adjusted EBITDA and adjusted EBIT,
amounted to EUR 8.5 million (previous year: EUR 9.2 million) and EUR 3.8 million
(previous year: EUR 4.4 million) respectively.

Markus Meyer, Managing Director of Karlsberg Brauerei GmbH: “While the German
beer market experienced a noticeable decline in volume in the first half of the
year, we were able to develop our business with the Karlsberg and MiXery brands
solidly and gain market share. Our non-alcoholic segment performed particularly
well, with revenue growth of around six percent, making it one of the growth
drivers. However, declining exports and increased costs are weighing on earnings
performance.“

Against the backdrop of business performance in the first six months and taking
into account current estimates for the second half of the year, the forecast of
a slight increase in both revenue and EBITDA for the full year 2025 cannot be
maintained. For the current fiscal year 2025, a slight decline in revenue
compared to the previous year and adjusted EBITDA moderately below the previous
year's level are expected.

Karlsberg Brauerei's interim report as of 30 June 2025 is available in German on
the company website at https://investoren.karlsberg.de/ in the Financial
Publications section. The English version of the report will also be available
here shortly.


About Karlsberg Brauerei GmbH

Tradition and innovation have characterised the development history of the
Karlsberg Brauerei, which was founded in 1878 and has been owner-managed ever
since. With its major brands, the family brewery offers customers and consumers
in the region, nationally and internationally a large product portfolio. With
ECHT.BEGEISTERT.GEBRAUT, the brewery presents its well-known products, such as
Karlsberg UrPils, Karlsberg Kellerbier or the alcohol-free Karlsberg Grapefruit.
These not only impress consumers, but also juries at international competitions.
The dynamic and young MiXery brand stands for alcoholic mixed drinks like no
other brand in Germany. Bundaberg, the Australian partner brand, offers a
variety of premium flavours with brewed lemonades that appeal to a young and
brand-conscious target group.


Contact

Investor Relations
Michelle Pink
Karlsbergstr. 62
D-66424 Homburg
T: +49 (0)6841 105-492
michelle.pink@karlsberg.de

Public Relations:
Petra Huffer
Karlsbergstr. 62
D-66424 Homburg
T: +49 (0)6841 105-414
petra.huffer@karlsberg.de

Mandatory information according to § 37a HGB: Karlsberg Brauerei GmbH |
Karlsbergstr. 62 | 66424 Homburg | Management: Markus Meyer | Saarbrücken Local
Court HRB17866

More information:
Access the news on Oslo Bors NewsWeb site

653946_CN_Karlsberg Brauerei_half year figures 2025.pdf