Hestio AS publishes audited 2025 consolidated financial report

In 2025, Hestio AS (the "Group") actively continued the development of the e-commerce segment and the implementation of changes to the previously developed sales strategy, which are planned to be completed in early 2026.

The decrease in customer purchasing power observed across the industry was not fully reflected in the Group's initial 2025 plans. In response to the operating results observed during the first months of the year, starting from the second quarter of 2025, the Group launched a broad cost-optimisation process, including a significant reduction of administrative expenses and a reassessment of growth and expansion plans.

The historical performance of the subsidiary Printero was reviewed and showed materially lower sales volumes and a slower development pace than initially planned. In order to limit further negative impact on the Group's overall performance, a decision was taken in May 2025 to divest the Group's 85% shareholding in the subsidiary Printero. The transaction had a one-off adverse impact of EUR 33 180 on the Group's 2025 results.

The cost-control and efficiency measures implemented have had a positive impact on the Group's financial results. In 2025, the Group increased turnover by 3.8% in comparison with the previous year and achieved consolidated EBITDA of EUR 1 058 428 in accordance with local accounting standards and EUR 1 265 265 in accordance with IFRS standards, representing an increase of 27% compared to the previous year.

As the Group continues implementing the changes to its sales strategy, the Group plans to prioritise further improvement of profitability, while continuing to work on increasing operating volumes. Hestio expects the abovementioned measures to have a positive impact on sustainable growth in future periods.

About Hestio

Hestio AS is one of the leading workplace solution providers in Latvia, helping companies create a more comfortable, modern and sustainable working environment since 2007. The Company offers full-service solutions - from office supplies and coffee machine leasing to cleaning services and corporate gifts - ensuring that our clients can focus on their core business operations while Hestio takes care of the details that enhance the workplace experience. Hestio is based on values ​​- team, experience, care, inspiration, and its mission is to improve employee well-being and ensure excellent work rhythm.

On December 19, 2023, Hestio bonds were listed on the Nasdaq Riga Baltic First North market, starting a new phase of development with a focus on transparency and long-term value growth.