Group 1 - The second stage of the transaction involving strategic investor Neset Kockar has been terminated, with ongoing negotiations for an additional share package [1] - The Lithuanian, Latvian, and Estonian Competition Authorities are conducting formal proceedings regarding Neset Kockar's applications for the potential acquisition of additional shares, with decisions expected by the end of Q1 2026 [2] - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations and recorded revenues of EUR 201 million in 2024, serving 239 thousand passengers [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 [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]

Group 1 - The company attracted a strategic investor, Neset Kockar, who acquired 23.2% of its shares in March [1] - The second stage of the transaction, which would increase Kockar's control to 33.19%, is being terminated, and new agreement terms are under negotiation [2] - Kockar's investment has strengthened the company's financial position, providing a €2 million loan and facilitating agreements with financial institutions [3] Group 2 - Novaturas Group is a leading tour operator in the Baltic States with over 25 years of experience, offering a wide range of travel services [4] - In 2024, Novaturas Group recorded €201 million in revenue and served 239,000 passengers across Lithuania, Latvia, and Estonia [4]

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].

Company Overview - Novaturas Group is the only local charter tour operator in the Baltic States with over 25 years of experience [2] - The company offers a variety of travel services including summer and winter recreational trips, sightseeing, exotic destinations, skiing, workation, and group trips to numerous locations worldwide [2] - In 2024, Novaturas Group reported revenues of EUR 201 million and served 239 thousand passengers across Lithuania, Latvia, and Estonia [2] Recent Developments - AB Novaturas has announced the receipt of notifications regarding the disposal and acquisition of voting rights [1]