Utenos Trikotažas Increased Revenue and Restored Profitability

Core Insights - Utenos Trikotažas returned to profitability with a pre-tax profit of EUR 60 thousand, recovering from a pre-tax loss of EUR 3.46 million in 2024 [1] - The company's core segment, contract manufacturing, saw a significant sales increase of 51.1% to EUR 19.5 million, while its own brand, UTENOS, grew by 3.2% to EUR 2.4 million [1] Financial Performance - The Group generated EUR 22.9 million in sales and services, marking a 28.7% increase compared to EUR 17.8 million in 2024 [3] - A one-off write-down of EUR 1 million related to financial assets from the Šatrija subsidiary negatively impacted financial results; without this, the profit before tax would have been EUR 1.07 million for the company and EUR 0.53 million for the Group [6] Strategic Initiatives - The year 2025 was identified as a turning point due to the effective implementation of a restructuring plan, which optimized operational structure and reduced liabilities [4] - The merger of subsidiary Utenoswear into Utenos Trikotažas was completed, and the sale of the controlling stake in the Ukrainian company Mrija was executed, allowing the Group to focus on higher value-added knitwear products [5] Brand Development - The CEO emphasized a focus on developing complex, innovative products and high-quality wool products, indicating a transformation of the UTENOS brand starting in 2025 [2] - The company is modernizing retail stores and collaborating with Lithuanian fashion designers to enhance its market presence [3]