Novaturas presented financial results for the first half of 2025

Core Insights - The CEO and Interim CFO of Novaturas presented the company's consolidated financial results for the first half of 2025, highlighting significant declines in revenue and profitability compared to previous years [1]. Financial Performance - Revenue for H1 2025 was EUR 74.142 million, down from EUR 91.320 million in H1 2024 and EUR 101.351 million in H1 2023, indicating a year-over-year decline of 18.3% from 2024 and 26.9% from 2023 [2]. - Gross profit for H1 2025 was EUR 8.926 million, slightly up from EUR 8.507 million in H1 2024 but down from EUR 15.426 million in H1 2023 [2]. - EBITDA for H1 2025 was a loss of EUR 0.254 million, an improvement from a loss of EUR 1.565 million in H1 2024 but significantly lower than the positive EBITDA of EUR 5.667 million in H1 2023 [2]. - The net loss for H1 2025 was EUR 0.791 million, an improvement from a net loss of EUR 2.277 million in H1 2024 but a stark contrast to the net profit of EUR 4.582 million in H1 2023 [2]. Company Overview - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [2]. - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [2].