The company will pay almost 1 million euros in dividends to the shareholder, according to the report submitted to the Register Center: the profit distribution project provides that out of 55.49 million euros of distributable profit, 950 thousand euros are allocated for dividends.
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Last year for 2024 it paid out 7.8 million euros, the year before last (for 2023) – 3.9 million euros, in 2023 (for 2022) – 14.2 million euros in dividends, according to the company’s reports.
The profit decline in 2025 was mainly caused by intensified competition due to product surplus in Europe, which reduced the production margin, and this also led to a drop in product prices at the end of the year, Neo Group reported on Friday.
Neo Group’s revenue fell by 10.8% to 463 million euros (519 million euros), the company told BNS.
“Although we faced market challenges in the second half of 2025, we ensured stable continuity of production activities,” said Paulius Ambrazaitis, Chairman of the Board of NEO Group, in a statement.
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According to the report, last year the company continued to develop the production of the “Neopet Cycle” product, which contains 30% recycled plastic – compared to 2024, the amount of recycled secondary raw materials in the manufacturer’s production increased by 60.6%.
According to the Register Center data, Neo Group is owned by a group controlled by the Cyprus company Retail Industries Limited, and its beneficiaries are three Cypriot citizens.
Neo Group sells about 90% of its products in EU countries, mostly in the markets of Poland, Scandinavia, and the Baltic countries.
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The company employs more than 200 employees.
