he iCotton Group concluded the first half of 2025 with a consolidated turnover of EUR 32.62 million, an EBITDA of EUR 3.89 million, and a net profit of EUR 906 thousand.
The results for the period 01.01.2025 – 30.06.2025 demonstrate a return to revenue grow path (5.9% increase compared to 6M 2024) and significant margin increase compared to the same period in 2024. This performance reflects the Group's strategic focus on optimizing its product portfolio, maintaining high product quality, and managing costs effectively.
The Group continue to emphasize high profit margins, as evidenced by the gross margin increase from 30.6% in 6M 2024 to 31.5% in 6M 2025. Key strategic initiatives include the introduction of new products such as extended cosmetic pads, children's wet wipes and cotton buds to diversify the portfolio. The Group is also focused on expanding its export network to deepen penetration in existing markets and explore new market opportunities. Additional strategic milestone is promoting of 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 to optimize production processes, manage costs effectively and continuously increase sales.
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 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 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.