Lifeway Foods records net sales of US$212.5M in full year 2025

USA – Lifeway Foods has reported net sales of US$212.5M, the highest in the company’s history, up 13.7% year-over-year and approximately 19% on a comparable basis in full year 2025.

Gross profit margin was 27.4%, up 140 basis points from 26.0% last year, while the Selling, general and administrative expenses as a percentage of net sales were 19.6%, up slightly from last year, reflecting continued investment in marketing and brand awareness.

Net Income was US$13.9 million, or $0.91 per basic and $0.89 per diluted common share, compared to US$9.0 million, or $0.61 per basic and $0.60 per diluted common share in the prior year.

Julie Smolyansky, President and Chief Executive Officer of Lifeway Foods said, “2025 was a truly remarkable year for Lifeway, marked by exceptional growth and operational excellence. We achieved record-breaking full year net sales of $212.5 million, up 13.7% year-over-year, with a 19% increase on a comparable basis, representing our sixth consecutive year of strong volume-led growth.

“This outstanding performance was capped off by a very strong fourth quarter, with net sales of $55.4 million, up 18.0% year-over-year, and gross margin expansion of 250 basis points. Our disciplined execution drove significant gross margin expansion of 140 basis points for the full year and net income growth of 54%, demonstrating the strength and scalability of our business model.”

Fourth Quarter 2025 Highlights

In the H4, net sales were US$55.4 million, up 18.0% year-over-year and the gross profit margin 27.8%, up 250 basis points from 25.3% last year.

Selling, general and administrative expenses were $11.5 million, up slightly from last year, reflecting continued investment in marketing and brand awareness.

Net Income was US$2.5 million, or $0.17 per basic and $0.16 per diluted common share, compared to a net loss of US$0.2 million, or net loss of $0.01 per basic and diluted common share in the prior year.

Outlook

The Company reiterated its long-term target of US$45 – US$50 million in Adjusted EBITDA for FY 2027 and is well positioned to deliver the strongest annual sales in Company history in FY 2026.

“Our momentum continues to build as we drive sustainable, profitable growth across the business,” Smolyansky noted. “We have laid a foundation for durable, long-term value creation, and the investments we are making today in capacity, marketing and innovation position us exceptionally well to capitalize on the tremendous opportunities ahead.”

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