Regionally, Lithuania remained Apranga’s largest market, recording a 13 percent increase in turnover to €48.9 million. Latvia followed with €21.5 million, an increase of 8.8 percent, while Estonia grew by 4.7 percent to €11.8 million. Compared to the third quarter of 2023, total turnover increased by 18.8 percent.
Lithuania’s APB Apranga posted net sales of €221.3 million (~$256.7 million) in the nine months of 2025, up 5.7 percent year-on-year. Gross profit amounted to €98.7 million (~$114.49 million), while net profit stood at €12.1 million (~$14.04 million). The group opened four new stores, renovated eight and closed four, bringing the total to 171 stores. EBITDA grew by 2.9 percent, reflecting operational stability.
Operating expenses amounted to 82.5 million euros, an increase of 6.1 percent, in line with sales growth. Operating profit remained stable at €16.1 million, while pre-tax profit decreased by 2.5 percent to €14.8 million. Net profit for the period stood at 12.1 million euros, slightly below last year’s 12.6 million euros, with a profit margin of 5.5 percent, the group said in a press release.
EBITDA increased by 2.9 percent to €32.1 million, maintaining a margin of 14.5 percent, compared to 14.9 percent a year earlier. Return on equity reached 23.8 percent, while the net debt-to-equity ratio improved to –17.9 percent.
Inventories decreased by 3.7 percent year-on-year to €58.5 million, reflecting efficient stock management. The group’s total workforce decreased slightly by seven employees to 2,241, while the company’s independent workforce fell by 12 to 761.
Apranga’s share price rose 2 percent during the period, from 2.93 euros to 2.99 euros, trading within a range of 2.80 to 3.08 euros, with a weighted average of 2.96 euros. The market capitalization went from 162 million euros at the beginning of the year to 165 million euros at the end of September.
Despite lower consumer confidence in the Eurozone and the Baltic countries, Apranga maintained its leadership position through a balanced brand portfolio, strong store operations and a strengthened omnichannel model. During the same period, the group opened four new stores, renovated eight (including four extensions) and closed four. Capital expenditures for expansion and modernization amounted to €7.9 million, underscoring Apranga’s focus on technology-driven efficiency and customer experience, the statement added.
As of September 30, 2025, the group operated 171 stores in Lithuania, Latvia and Estonia (up from 170 the previous year and 164 in 2023), representing an annual increase of 0.6 percent and 4.3 percent in two years. Lithuania had 103 stores, followed by 44 in Latvia and 24 in Estonia.
Fiber2Fashion News Desk (SG)
