The iCotton Group concluded the first quarter of 2025 with a consolidated turnover of EUR 16.61 million, an EBITDA of EUR 1.78 million, and a net profit of EUR 995 thousand.
The results for the period 01.01.2025 – 31.03.2025 demonstrate a return to revenue growth (10% increase compared to 3M 2024 and significantly improved margins compared to the same period in 2024. This performance reflects the Group's strategic focus on optimizing its product offerings, maintaining high product quality and effective cost management.
The Group continues to prioritize higher profit margins, as evidenced by the gross margin increase from 28.8% in 3M 2024 to 31.8% in 3M 2025. Key strategic initiatives include the introduction of new products such as extended cosmetic pads, children's wet wipes, and new cotton buds to diversify the portfolio. The Group is also focused on expanding its export network to penetrate existing markets further and explore new opportunities. Additionally, there is an emphasis on promoting feminine hygiene products made from natural ingredients, highlighting a commitment to sustainability.
Both manufacturing facilities in Liepāja, Latvia, and Warsaw, Poland, continue to implement strategies for optimizing production processes, managing costs effectively and increase its sales slightly.
About iCotton SIA
iCotton is a Latvian manufacturing company, founded in 2011 in Liepāja, and has emerged as the leading producer of cotton and hygiene products in the Baltics. The iCotton group also includes the Polish company Harper Hygienics. The company group produces a diverse range of products, including cotton buds and pads, absorbent pads, wet and dry wipes, and feminine hygiene products. The primary brands of the group are Cleanic (beauty and hygiene products), Kindii (children's products), and Presto (household cleaning products), which enjoy significant recognition in the Polish market.
The company group operates production facilities in Liepāja, spanning an area of 9,000 m² with 11 production lines, and in Warsaw, Poland, covering a production area of 13,200 m² with 44 production lines.