Novaturas (NTU1L) Q4 2025 earnings summary

Executive summary

• Served 191,000 travellers in 2025, a 20% decrease year-over-year; revenue declined 16.1% to EUR 168 million.

• Adjusted EBITDA turned positive at EUR 420 thousand, up from negative EUR 449 thousand in 2024.

• Net loss reduced by 39% to EUR 1.17 million, excluding prior year’s EUR 5.7 million goodwill impairment.

• Focused on profitability by reducing volumes, optimizing travel programs, and improving operational efficiency.

• Early bookings for summer 2026 up 59% year-over-year, with new destinations added.

Financial highlights

• Revenue for 2025: EUR 168.5 million, down 16% year-over-year.

• Gross profit: EUR 19.7 million, down 5% year-over-year.

• Adjusted EBITDA: EUR 420 thousand (2024: EUR -449 thousand).

• Net loss: EUR 1.17 million, improved from EUR 7.6 million loss in 2024.

• Earnings per share: EUR -0.15 (2024: EUR -0.97).

Outlook and guidance

• 2026 travel program planned at similar or slightly higher levels.

• Continued focus on profitability, operational and cost efficiency, and expanding hotel portfolio.