Karlsberg Brauerei sees EBITDA, revenue dip in H1 2025

Karlsberg Brauerei GmbH reported adjusted EBITDA of €8.5 million for the first half of 2025, down from €9.2 million last year, with gross revenue falling 4.5% to €73.5 million. The company attributed this decline to a contraction in the German beer market, lower export revenues, and increased costs, leading to an adjusted annual forecast of a slight revenue decline and moderately lower adjusted EBITDA for the full year.

Despite overall market challenges, Karlsberg's domestic business, particularly its non-alcoholic segment, performed strongly with a 5.9% revenue increase. Karlsberg Grapefruit Non-Alcoholic alone saw a 23.6% revenue jump. The company expanded its market shares for the Karlsberg and MiXery brands.

Total assets were €146.4 million as of June 30, 2025, with equity stable at €46.1 million. Investment activity focused on bottling technology for the new sleek can for the Bundaberg brand and control technology for packaging, totaling €3.4 million, down from €5.3 million in the prior year.