Saint Jean Group: Net Loss of €1.485 Million and No Dividend Despite Revenue Increase of 2.45%
In 2025, the agri-food company Saint Jean Group recorded a moderate increase in its consolidated revenue to €119.7 million. However, this 2.45% increase was not sufficient to maintain profitability: the group shifted to a net loss of €1.485 million, compared to a net profit of €2.012 million in 2024, raising questions about cost control.
Revenue Growth Driven by Subsidiaries
Saint Jean Group reported a consolidated revenue of €119.7 million in 2025, up by 2.45% from 2024. This growth was primarily driven by the subsidiary Deroux Frères, which saw its sales increase by 7.9%, benefiting from strong demand and persistent supply tensions across Europe. The flagship brand Saint Jean recorded a more moderate organic growth of 1.5% in net revenue from commercial cooperations, while volumes increased by 1%. The premium brand Comptoir du Pastier, aimed at specialized organic markets, showed a more robust dynamic with a 7.8% increase, but the Royans brand, targeting professional restaurateurs, experienced a decline of 1.9%. These three national brands account for 60.8% of the total revenue.
Underlying Profitability Deterioration
Beneath the surface of this moderate growth lies a significant deterioration in profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) contracted by 18.3%, dropping from €11.237 million in 2024 to €9.139 million in 2025. More concerning, the operating result shifted from a surplus of €1.380 million to a deficit of €2.414 million. This collapse in margins occurred in a context of a significant increase in depreciation allowances, which rose by 12.3% from €10.940 million to €12.303 million. Consequently, the group recorded a consolidated net loss of €1.485 million, reversing the net profit of €2.012 million achieved in 2024. The Board of Directors has decided to propose to the General Assembly not to distribute a dividend.
Operational Efficiency Improvement Plan Announced
In response to this deterioration, Saint Jean Group has announced a plan to improve operational efficiency and reduce costs to be deployed in 2026. The group plans to launch a new range of pan-fry pastas and gnocchi in April 2026, along with continued medium-term development efforts in ravioli, fresh pasta, quenelles, and catering products. Concurrently, Saint Jean is strengthening its own brand strategy, aiming to grow their market share, and investing in the Saint Jean brand communication through TV, radio, press, and social media channels. The group is also continuing its decarbonization plan aiming for an annual 4% reduction in its carbon footprint. Finally, Saint Jean Group is considering continuing its external growth efforts to strengthen its positions in key markets in France and abroad. Beyond operational plans, the stability of the cash reserves at €33.473 million, comparable to 2024, provides the group with leeway to finance its investments and recovery initiatives.
