In the first half of 2026, the iCotton Group achieved a turnover of EUR 34.88 million and an EBITDA of EUR 4.45 million. The results for the period from 01.01.2026 to 30.06.2026 indicate a stable growth trend, with revenue increasing by 6.9% compared to the first 6 months of 2025. These results reflect the Group's ability to deliver stable revenue growth, improved profitability, disciplined cost management, and continued operational efficiency improvements.
The Group continues to show improved profitability metrics, as evidenced by a stable gross profit margin in both the first half of 2025 and the first half of 2026 – 32%. Gross profit rose by 7.9%, reaching EUR 11.10 million. This stronger profitability reflects a more efficient cost structure, enhanced pricing efficiency, and a expanded product portfolio. The EBITDA margin also improved by 0.8 percentage points, reaching 12.77%.
Key development initiatives in the first half of 2026 included strengthening the product portfolio through packaging improvements focused on consumer convenience, portfolio expansion and long-term brand development. Portfolio expansion and diversification contributed to sales volume growth for femcare products, which increased by 2.4%, and underpads, which surged by 31.7%, emerging as key growth drivers. In addition, cotton buds recorded a moderate growth of 12.7%. The Group's main brands—Cleanic, Kindii, and Presto are well known in Poland and other Central and Eastern European countries for many years.
The Group successfully maintains its market position, generating 60% of its turnover from the EU and other export markets, while the remaining 40% comes from local markets. Production is ensured at cutting-edge manufacturing facilities in Liepāja (Latvia) and Warsaw (Poland). The Group is the largest producer and seller of wet wipes, cotton buds, and pads in Central and Eastern Europe, proving to be a reliable business partner across Europe, the Middle East, Asia, and Africa.
iCotton is a Latvian manufacturing company, founded in 2011 in Liepāja, and as a group 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 12 production lines, and in Warsaw, Poland, covering a production area of 13,200 m² with 44 production lines.