The company finished the year 2025 with a turnover of EUR 63.82 million and a net profit (attributable to parent company owners) of EUR 2.12 million.
The Group has published its consolidated annual report for the year 2025. The year 2025 was marked by continuous strategic focus on optimizing the product range, discontinuing low-margin contracts, and implementing further internal optimizations in all areas. This led to a 8.86% increase in turnover and gross profit increase from EUR 17.63 million in 2024 up to EUR 20.73 million in 2025.The year 2025 can be characterized as a year of relative stability and further development of the group after years dominated by all kinds of global crises and challenges.
The company continued to expand its trade and commercial activities in terms of markets and products, with approximately 60.4% of its production exporting (excluding LV and POL). Investments were made in continuous modernizing and expanding of fixed assets, particularly enhancing the equipment for women's hygiene product production.
Different research and development activities continued, with an emphasis on additional new ecological products and quality improvements.
iCotton Group remains one of the largest manufacturers of cotton and personal hygiene products in the region. Key export markets include European Union countries, Ukraine, Vietnam, the United Kingdom and plenty of other countries across all continents. The Group plans further developments in the upcoming quarters and years, focusing also on its sales increase.
Financial result overview:
- The company`s turnover: EUR 63.82 million.
- Net profit: EUR 2.12 million.
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.