Apranga (APG1L) Q4 2025 earnings summary

Executive summary

• Retail turnover reached EUR 371.7 million in 2025, up 4.9% year-over-year, with growth in Lithuania and Latvia but a slight decline in Estonia.

• Online turnover increased by 2.9% to EUR 49.8 million, though its share of total turnover slightly decreased.

• Four new stores opened, eight renovated, and four closed, ending the year with 171 stores and a 0.8% increase in total retail area.

• Net profit for the year was EUR 16.2 million, up 1.6% year-over-year.

Financial highlights

• Net sales rose to EUR 307.2 million, a 4.9% increase year-over-year.

• Gross profit reached EUR 138.7 million, with a stable gross margin of 45.1%.

• EBITDA was EUR 43.2 million, up 4.3% year-over-year, with an EBITDA margin of 14.1%.

• Operating profit was EUR 21.9 million, up 4.7% year-over-year.

• Cash and cash equivalents at year-end were EUR 22.3 million, up from EUR 18.4 million.

Outlook and guidance

• 2026 turnover is projected at EUR 399 million (including VAT), a 7.3% increase over 2025.

• Plans to renovate or open 7–11 stores in 2026, with net investments of EUR 4–6 million.