Longo Group AS has published its Audited Annual Consolidated and Standalone Reports for 2025 together with Independent Auditor’s Reports.

Following the Management Report included in the audited Consolidated Annual Report for 2025, Longo Group AS confirms that the profitability measures rolled out in the second half of 2025 continued to translate into tangible operational progress in the first quarter of 2026. Preliminary unaudited results indicate that the Group has delivered on the previously communicated expectation of reaching break-even in Q1 2026, with both gross margin and EBITDA showing meaningful year-on-year improvement, and the bottom line moving into positive territory for the period. Revenue dynamics have stabilised as Estonian volumes adjust to the new motor vehicle taxation framework, while disciplined sourcing, stronger preparation controls and tight administrative cost management continue to support profitability. The Group is on track with the priorities set out in the Management Report, namely sustainable, profitability-led growth with the Baltics as the primary focus. The full Q1 2026 interim financial information will be published in due course in accordance with the Group's regular reporting calendar.

There are no material changes in the audited Consolidated statements compared to the unaudited financial statements published on February 27, 2026. We would like to clarify that the improvement in EBITDA is of a technical nature. 

Longo Group AS audited report for period ended 31 December 2025 is attached to the announcement and is also published on NASDAQ Riga and Longo’s web page https://www.longo.group/investorresources

About AS Longo Group

AS Longo Group is the largest used car retailer in the Baltic region, providing the most extensive selection of vehicles, it has expanded its operations also to Poland. Established in 2018, Longo employs over 100 professionals and reached a revenue of 44 million euros in 2025. The headquarters are in Latvia, from which AS Longo Group manages 9 subsidiaries across Latvia, Lithuania, Estonia, Poland, the Netherlands, Belgium, and Germany. Since the inception, Longo mission has been to establish a new standard of quality within the used car retail sector in the Baltic region, ensuring a transparent, reliable, and outstanding car-buying experience for customers, both online and in-person.