Utenos Trikotazas (UTR1L) Q1 2026 earnings summary

Executive summary

• Revenue for the group was EUR 4.8 million, down 6.5% year-over-year; export sales comprised 86.1% of total sales.

• Loss before tax improved to EUR 222 thousand from EUR 440 thousand year-over-year.

• EBITDA was negative EUR 51 thousand, a EUR 140 thousand improvement from the prior year.

• Major restructuring and divestments occurred, including the sale of the Ukrainian subsidiary and loss of control over Šatrija AB due to bankruptcy.

Financial highlights

• Group revenue declined 6.5% year-over-year to EUR 4,832 thousand.

• Net loss for the period was EUR 218 thousand, a 50% improvement from the prior year.

• Gross profit increased to EUR 667 thousand from EUR 598 thousand year-over-year.

• Operating loss narrowed to EUR 192 thousand from EUR 342 thousand year-over-year.

• Cash and cash equivalents rose to EUR 450 thousand from EUR 372 thousand at year-end.

Outlook and guidance

• A four-year restructuring plan was approved by the court, aiming for profitability and sustainable continuity.

• Liabilities repayment terms were approved without penalties or additional interest.