Utenos Trikotažas Reports Q2 Profit, Parent Company Results Nearing Balance Point
In a significant development for the textile industry, Utenos Trikotazas, one of the largest and most innovative textile production companies in Central and Eastern Europe, has successfully turned around its financial fortunes in 2025.
The company's operations, which include four textile factories - "Utenos trikotažas" (Lithuania), "Šatrija" (Lithuania), "Gotija", and "Mrija" (Ukraine) - reported a surge in revenue for the first half of 2025. The company's revenue reached €9.7 million, an increase of nearly one-third compared to the same period last year.
A key factor in this financial turnaround was the improved operational efficiency and possible cost management or revenue improvement, as indicated by the company's first-quarter results. The restructuring plan initiated at the end of 2023 seems to be showing promising results.
Utenos Trikotazas' main operations focus on innovative fabric development and high-quality garment manufacturing with international brand names. The company's success is further evidenced by the 45.2% rise in contract manufacturing sales, which reached €7.6 million.
Exports accounted for 80.8% of total sales, demonstrating the company's strong international presence. Notably, Utenos Trikotazas earned EUR 418,000 in EBITDA in the first half of 2025, a stark contrast to the negative EUR 1.3 million a year earlier.
Moreover, the company's pre-tax profit turned positive after a long time, amounting to EUR 136 thousand. This marked the first time Utenos Trikototazas achieved profitability in a long time.
The group's consolidated losses decreased by 78% compared to the same period last year, falling from EUR 2.3 million to EUR 0.5 million. This significant reduction in losses is a testament to the company's financial recovery.
In a move to settle obligations with the primary creditor, a portion of unused real estate in Utena was sold in the second quarter of 2025.
Utenos Trikotazas places a high emphasis on its social and environmental responsibilities. This commitment is evident in all aspects of its operations, from natural fiber sourcing to chemical management, social welfare for employees, and absolute transparency in the production process.
The company's financial turnaround in 2025 is a promising sign for the future of Utenos Trikotazas and the textile industry as a whole. As the company continues to innovate and improve its operations, it is poised to make a significant impact in the global textile market.
[1] Sources: Company financial reports, news articles, and industry reports.
The company's commitment to environmental responsibility extends beyond its production process, as it aims to reduce its carbon footprint in the textile industry. (environment)
With its impressive financial recovery, Utenos Trikotazas has diversified its business interests, investing in sustainable sports apparel to tap into a growing market demand. (business, sports)
