Apranga (APG1L) Q2 2025 earnings summary

Executive summary

• Retail turnover for 6 months 2025 reached EUR 166.1 million, up 2.8% year-over-year, with growth in Lithuania and Latvia but a decline in Estonia.

• Online turnover increased by 6.2% year-over-year, now representing 14.5% of total turnover.

• One new store opened, five renovated (three enlarged), and three closed; net capital expenditure was EUR 4.7 million.

• Profit before income tax was EUR 7.3 million, down from EUR 9.1 million in the same period last year.

Financial highlights

• Revenue for 6 months 2025 was EUR 139.1 million, up 2.9% year-over-year.

• Gross profit margin decreased to 44.0% from 45.3% year-over-year.

• EBITDA was EUR 18.6 million, down 4.7% year-over-year; EBITDA margin fell to 13.4% from 14.5%.

• Net profit for the period was EUR 5.9 million, compared to EUR 7.5 million last year.

• Operating expenses increased by 3.2%, outpacing sales growth.

Outlook and guidance

• Targeted 2025 turnover (including VAT) is EUR 377 million, a 6.4% increase over 2024.

• Plans to renovate or open 11-12 stores in 2025, with net investment of EUR 7-10 million.