Apranga (APG1L) Q3 2025 earnings summary

Executive summary

• Retail turnover (including VAT) reached EUR 265.8 million in 9 months 2025, up 5.7% year-over-year, with Lithuania showing the strongest growth at 7.8% and Estonia declining by 1.2%.

• Online turnover increased by 4.2% year-over-year, but its share in total turnover slightly decreased to 12.9%.

• Four new stores were opened, eight renovated (four enlarged), and four closed; net capital expenditure was EUR 7.9 million.

Financial highlights

• Revenue for 9 months 2025 was EUR 221.3 million, up 5.7% year-over-year.

• Gross profit was EUR 98.7 million (gross margin 44.6%, down from 44.9%).

• EBITDA reached EUR 32.1 million, up 2.9% year-over-year, with EBITDA margin decreasing to 14.5%.

• Profit before tax was EUR 14.8 million, down 2.5% year-over-year.

• Net profit for the period was EUR 12.1 million, down 3.9% year-over-year.

• Operating expenses increased by 6.1%, outpacing sales growth.

Outlook and guidance

• The Group targets EUR 377 million turnover (including VAT) for 2025, a 6.4% increase over 2024.

• Plans to renovate or open 12 stores in 2025, with net investment of EUR 8-9 million.