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]