AS Grenardi Group has published its unaudited condensed consolidated financial statements for the period ended on 30 September 2025.

Business results

In 9M 2025 the Group’s revenue reached € 20.63M, which is by 28% more than in 9M 2024. In 9M the Group’s gross profit was € 12M and gross margin 58.2%. The Group’s EBITDA and EBITDA margin for 9M 2025 was € 4.49M and 22% respectively. The improvement in EBITDA is driven by growth in same-store sales across all countries, higher gross margin from retail sales, and continued enhancements in operational efficiency.

During Q3 2025 Grenardi Group opened a new GIVEN store at Outlet Park in Vilnius and relocated two existing GIVEN stores in Latvia to new premises — in the SĀGA shopping mall in Riga and the Dauga shopping mall in Ogre.

About Grenardi Group

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics, as well as GOLDLIGHT in Latvia. As of September 30, 2025, AS Grenardi Group operates a total of 86 stores – of which 70 GIVEN chain stores, 6 GRENARDI chain stores and 10 GOLDLIGHT chain stores. Additionally, the Group has six online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv, www.grenardi.ee and www.goldlight.lv.

GIVEN is a jewellery brand that stands for joy, beauty, love, creativity, and sustainability by expressing this in its jewellery – through design, unique collections of brands, and carefully considered details, making the valuable accessible.

GRENARDI has been the leading luxury jewellery retail chain in Latvia and Estonia for more than 25 years, offering an extensive selection of world-renowned luxury jewellery brands alongside sophisticated collections designed by GRENARDI.

GOLDLIGHT is a well-known jewellery retailer in Riga, Latvia offering its customers a wide assortment of gold, silver and diamond jewellery, as well as brands such as Nomination, Ti Sento, Mirco Visconti and others.

AS Grenardi Group unaudited condensed consolidated financial statements for the period ended in 30 September 2025 is attached to the announcement and is also published on NASDAQ Riga and AS Grenardi Group corporate web page https://grenardi.group/en/news/

Dāvis Cēderštrēms
Deputy CFO
info@grenardi.group
Tel: +371 67 796 000