AUGA Group AB Restructuring Update

On January 6, 2025, the Vilnius Regional Court initiated restructuring proceedings for AUGA Group AB, a Lithuanian organic food production company, under legal entity code 126264360. This decision came into effect on January 17, 2025. The company, headquartered in Vilnius and listed on the NASDAQ OMX Vilnius, operates in the Consumer Staples sector, specifically within the Food Products industry.

As part of the restructuring process, a court ruling on April 22, 2025, confirmed part of the creditors’ claims, which came into force on May 2, 2025. The disputed creditors’ claims have been separated into 22 individual cases, currently being heard in the Vilnius Regional Court. This development is a significant step in the restructuring process, aiming to address the financial challenges faced by the company.

AUGA Group AB, a subsidiary of UAB Baltic Champs Group, manages approximately 38,000 hectares of organically certified arable land. The company is involved in various agricultural activities, including mushroom growing, milk production, cattle sale, and crop growing. It also offers management, trade, logistics, IT system development, machinery leasing, land rental, and agricultural services.

The company’s financial performance has been under scrutiny, with a close price of 0.0848 EUR as of May 27, 2025. The 52-week high was 0.295 EUR on June 30, 2024, and the 52-week low was 0.046 EUR on November 13, 2024. The market capitalization stands at 70,430,000 EUR, with a price-earnings ratio of -0.804772, indicating the financial challenges it faces.

In a recent announcement, AUGA Group AB stated its intention to publish its audited annual information for 2024 no later than June 30, 2025. The delay in publishing the audited financial statements is attributed to the significant workload arising from the need to provide documents and information related to the financial and economic indicators of the company and its group of companies.

As AUGA Group AB navigates through its restructuring process, stakeholders are closely monitoring the developments, particularly the outcomes of the 22 individual cases related to creditors’ claims. The company’s ability to successfully restructure and address its financial challenges will be crucial for its future operations and sustainability in the organic food production industry.