Vinpai Reports its 2024 Full Year Results

Regulatory News:

Vinpai (ISIN: FR001400AXT1; ticker: ALVIN), a specialist in the design, manufacture and marketing of algae- and plant-based functional ingredients for the food and cosmetics industries, today announces its 2024 annual results, for the year ended December 31, 2024, approved by the Board of Directors on April 2, 2025.

Philippe Le Ray, Chief Executive Officer and Co-founder, states:
"In a global economic context marked by a slowdown in consumption, Vinpai held up well, achieving 16% revenue growth and maintaining a gross margin of 44%. Despite a performance that fell short of the operational targets we had set for the 2024 financial year and that we have not yet reached financial breakeven, the past year has nevertheless enabled us to sustain our business without losing any markets. We continued to scale up our industrial facility, and our efforts in innovation and operational optimization, notably through the signing of partnerships. Building on these achievements, and thanks, in particular, to proposed acquisition by Camlin Fine Sciences, we are confident in achieving the 2026 targets previously announced."

2024 Annual Results

In €k (French standards)3	31/12/2024	31/12/2023	Change
Revenue	9,157	7,901	+15.6%
Gross margin	4,024	3,837	+4.9%
EBITDA	(1,834)	(1,021)	-79.6%
Operating profit	(2,509)	(1,637)	-53.3%
Profit before tax	(2,868)	(2,111)	-35.9%
Non-recurring income	(207)	(1,459)	+85.8%
Net income (Group share)	(2,918)	(3,433)	+15.0%