Group 1 - The Novaturas Group announced a change in its executive team, with Chief Financial Officer Auksė Kriaučiūnaitė stepping down as of March 27, and the company is currently searching for a new candidate [1][2] - The CEO of Novaturas, Ieva Galvydienė, expressed gratitude for Auksė's contributions during a dynamic period and wished her success in her future career [1] - The new CFO will oversee operations across Lithuania, Latvia, and Estonia, while internal resources will ensure CFO responsibilities during the selection process [2] Group 2 - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [3] - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239 thousand passengers in Lithuania, Latvia, and Estonia [3]

Financial Performance - The Novaturas Group generated EUR 168 million in consolidated revenue for 2025, a decrease of 16.1% compared to 2024 [1][3] - The group recorded a gross profit of EUR 19.65 million, down 5.3% from EUR 20.74 million in 2024 [3] - EBITDA reached EUR 420 thousand, representing a 107% increase from a loss of EUR 6.13 million in 2024 [2][3] - Adjusted EBITDA also amounted to EUR 420 thousand, a 194% increase compared to a loss of EUR 449 thousand in 2024 [2][3] - The net loss for the group was EUR 1.2 million, which is a 39% improvement from a loss of EUR 7.6 million in 2024 [3] Operational Strategy - The company focused on increasing profitability by intentionally reducing volumes and optimizing the travel program, which led to a decline in revenue and the number of travelers carried [4] - The strategy included reducing volumes on loss-making routes and concentrating on higher-margin destinations, which improved margins and operational efficiency [4] - Despite higher expectations for the end of the year, increased market supply and disruptions at Vilnius Airport negatively impacted last-minute travel demand [4] Company Overview - The Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of destinations in the Baltic States [5] - The company provides various types of trips, including recreational, sightseeing, exotic, skiing, workation, and group trips to numerous global destinations [5] - In 2025, the group served 191 thousand passengers across Lithuania, Latvia, and Estonia [6]

Group 1 - TUI, Europe's largest tour operator, provided a more conservative outlook for 2026 than market expectations, influenced by the current trading environment and prevailing economic and geopolitical factors [1]

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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 thousand passengers in Lithuania, Latvia, and Estonia [2] Clarification on Investigation - Recent Turkish media reports incorrectly linked Novaturas shareholder Mr. Neset Kockar to an investigation, which has been clarified as false [1] - The investigation pertains to earlier transactions of a hotel owned by Mr. Ismail Lepiev (Prince Group) before its acquisition by Adali Otelcilik, a subsidiary of the ANEX Group [1] - Novaturas and its shareholder are confirmed to be unrelated to any violations [1]

Management Change - Novaturas Group announced that Darius Undzėnas will step down as Chief Financial Officer effective July 15, with the company currently searching for a replacement [1][2] - Kristijonas Kaikaris, CEO of Novaturas, expressed gratitude for Darius's contributions and acknowledged the company's new stage following the attraction of a strong strategic investor [1][2] Interim Management - Until a new CFO is appointed, Auksė Kriaučiūnaitė, the Senior Financial Controller, will temporarily assume CFO responsibilities [3] - Auksė Kriaučiūnaitė has extensive international experience in financial accounting, reporting, and tax advisory, and has previously served as interim CFO for Novaturas [3] 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 [4] - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239 thousand passengers across Lithuania, Latvia, and Estonia [4]