{"id":2018,"date":"2026-02-27T17:06:49","date_gmt":"2026-02-27T15:06:49","guid":{"rendered":"https:\/\/ocvision.eu\/?post_type=jaunumi&#038;p=2018"},"modified":"2026-09-10T10:12:10","modified_gmt":"2026-09-10T08:12:10","slug":"oc-vision-group-announces-record-2025-revenue-of-e39-million-demonstrating-strategic-resilience-amidst-global-economic-transition","status":"publish","type":"jaunumi","link":"https:\/\/ocvision.eu\/en\/news\/oc-vision-group-announces-record-2025-revenue-of-e39-million-demonstrating-strategic-resilience-amidst-global-economic-transition\/","title":{"rendered":"OC VISION Group Announces Record 2025 Revenue of \u20ac39 Million, Demonstrating Strategic Resilience Amidst Global Economic Transition"},"content":{"rendered":"\n<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\"><strong>2025 Financial Performance Highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-2\">Net Turnover: Increased by 8.5% to a record \u20ac39,039,463 (FY 2024: \u20ac35,991,377);<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3\">Q4 Momentum: Achieved 4.3% year-over-year revenue growth in Q4, significantly outperforming the broader Latvian retail market, which saw a 2% decline during the same period;<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-4\">Gross Profit: Rose to \u20ac24,825,882, maintaining a robust gross margin of approximately 64% despite rising global procurement costs;<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5\">Strategic Liquidity: Year-end cash position strengthened to \u20ac4,123,513, maintaining a good liquidity position for further expansion plans.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-6 wp-block-paragraph\"><strong>Navigating Macroeconomic Headwinds<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-7 wp-block-paragraph\">The 2025 fiscal year was characterized by persistent inflationary pressures (3.9% in Latvia, 3.4% in Lithuania) and high wage growth (8.0%\u20138.1%). While OC VISION reported a consolidated net loss of \u20ac397,625, this figure was primarily driven by a non-recurring one-time additional interest expense of \u20ac859,727 related to the successful refinancing of Group debt through a \u20ac10 million inaugural bond issuance in June 2025. Absent this one-time capital structure adjustment, the Group\u2019s operational profitability remained strong, with a normalized Profit Before Tax of approximately \u20ac470,000.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8 wp-block-paragraph\"><strong>Strategic Transformation and Modernization<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9 wp-block-paragraph\">&#8220;In 2025, the company bolstered its presence in the medical sector and accelerated its digital transformation, successfully driving productivity growth while maintaining our industry-leading service quality,&#8221; stated Toms Dzenis, CEO.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-10 wp-block-paragraph\">Key operational milestones included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11\">Bond Issuance: Successfully listed \u20ac10 million in 6% fixed-rate secured bonds on the Nasdaq Baltic First North market, protecting the Group from Euribor fluctuations until 2029;<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\">Infrastructure: Relocated headquarters to a high-efficiency &#8220;stock-office&#8221; facility on 34 Ulbrokas Street, Riga, centralizing warehouse and logistics;&nbsp;<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\">Digital Expansion: Completed the acquisition of See Good SIA to accelerate e-commerce marketplace growth;<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-14\">Medical Innovation: Invested over \u20ac2 million in diagnostic technologies and store modernizations in Latvia (TC Alfa, TC Domina, TC Spice, and Ogre) and Lithuania (TC Justini\u0161ki\u0173 Norfa, TC Mindaugo Maxima, TC RYO, TC Eglute IKI).<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-15 wp-block-paragraph\"><strong>Financial Stability and Compliance<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-16 wp-block-paragraph\">As of December 31, 2025, OC VISION maintains high compliance with all bond covenants. The Group\u2019s Interest Coverage Ratio stands at an 4.3x (vs. 1.4x required), and the Leverage Ratio is a 2.1x. Total assets increased to \u20ac19,809,744, reflecting aggressive investment into the 77-store network and proprietary diagnostic tools.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-17 wp-block-paragraph\"><strong>Future Outlook<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-18 wp-block-paragraph\">By turning macroeconomic headwinds into opportunities for modernization, OC VISION has built a foundation for long-term growth. The Group remains committed to its mission\u2014&#8221;Together for perfect sight, since 1991&#8243;\u2014leveraging its strengthened cash position and market leadership to explore further M&amp;A and digital channel expansion in 2026.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-19 wp-block-paragraph\"><strong>About OC VISION<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-20 wp-block-paragraph\">OC VISION group is the leading eye and hearing care provider in the Baltics, operating wholesale OPPTICA and retail through OptiO, VIZIONETTE, Vision Express, Dr.Lensor, and Lornete brands across 77 retail locations and online.Gatis Kokins<br>Board member<br>Investors relations<br><a href=\"mailto:investors@ocvision.eu\">investors@ocvision.eu<br><\/a>+371 29209799<br><a href=\"http:\/\/www.ocvision.eu\">www.ocvision.eu<\/a><\/p>\n","protected":false},"template":"","tags":[],"class_list":["post-2018","jaunumi","type-jaunumi","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/ocvision.eu\/en\/wp-json\/wp\/v2\/jaunumi\/2018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ocvision.eu\/en\/wp-json\/wp\/v2\/jaunumi"}],"about":[{"href":"https:\/\/ocvision.eu\/en\/wp-json\/wp\/v2\/types\/jaunumi"}],"wp:attachment":[{"href":"https:\/\/ocvision.eu\/en\/wp-json\/wp\/v2\/media?parent=2018"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ocvision.eu\/en\/wp-json\/wp\/v2\/tags?post=2018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}