The second half of 2025 was encouraging for Apranga Group. The gross margin, which had previously raised significant concerns due to its decline, improved in the second half of the year – allowing the company’s profit to grow alongside its revenue. Although gross profit stagnated in the first half of the year, it increased by 9% YoY in the second half, resulting in overall growth of 5% YoY for 2025.

Gross margin, H2

Revenue grew at a moderate pace in the last quarter of 2025 – by 3% compared to the previous year. The strongest revenue growth was recorded in the third quarter – 11% YoY, while overall revenue for 2025 increased by 5% compared to 2024. Both in the last quarter and throughout 2025, turnover increased in Lithuania and Latvia.

Results by segments, 2025

Operating expenses were well managed in 2025 – they grew at the same pace as sales and therefore did not create additional pressure on profitability.

In 2025, the company earned €16.22M, similar to the previous year – €15.96M. The company has maintained its net profit at roughly this level for the past four years, following a strong recovery in 2022.

Net profit

In 2025, the company generated €17M in free cash flow, representing a 9% yield. As less was invested in non-current assets compared to the previous year, free cash flow increased by 25% YoY.

Free cash flow