Interim report
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UTENOS TRIKOTAŽAS RAB CONSOLIDATED INTERIM REPORT For 6 months period Ended 30 June 2026
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Consolidate interim report for 6 months period ended 30 June 2026 2 1. Reporting period covered by the Annual Report The Annual Report covers the period from 1 January 2026 to 30 June 2026 All amounts in the Annual Report presented as at 30 June 2026, unless otherwise stated. Further in this report Utenos Trikotažas RAB can be referred to as the Company or the Issuer. 2. Issuer and its contact data Company name Legal and organisation form Date and place of incorporation Registration code Code of the Register of Legal Entities Authorised share capital Address Name of Register of Legal Entities Telephone E-mail Website Main activities Auditors Utenos Trikotažas RAB Legal entity, public company Registered with the Register of Legal Entities of Utena District on 6 th December 1994; reregistered with the Ministry of Economy of the Republic of Lithuania on 18 th September 1998. BĮ 98-257 183709468 EUR 2 755 870 J.Basanavičiaus g.122, LT-28214, Utena, Lithuania Registrų centras VĮ +370 389 51445 utenos.trikotazas@ut.lt www.ut.lt production of knitwear and textile articles Grant Thornton Baltic UAB 3. Nature of the Issuer’s operations Utenos Trikotažas AB operates in the field of textile industry. The Company‘s principal activity is production of knitwear and textile articles. The Company’s profile of activities: - production of knitwear and textile articles; - production of mass-consumption goods which is closely related to principal activities; - retail and wholesale trade in own production and production of other companies in local and foreign markets; - rendering of services to natural and legal persons. 4. Agreements with intermediaries of securities public turnover Since 2018, the Issuer's securities have been accounted for by AB Artea bankas. The shares of the Utenos trikotažas companies are quoted on the Secondary Trading List of the Nasdaq Baltic Stock Exchange.
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Consolidate interim report for 6 months period ended 30 June 2026 3 5. Overview of the company's activities, uncertainties and risk factors Sales of RAB Utenos trikotažas (hereinafter – the Company) in the first half of 2026 decreased by 8.1% compared to the same period in 2025. This was primarily driven by a 13% decline in the production of contract-manufactured knitwear, attributed to unexpected geopolitical tensions that arose in the Middle East and Central East region early in the year, as well as reduced orders from tender-based clients. The Company continues to maintain its key export markets for contract-manufactured products: Germany, Austria, Switzerland, and Scandinavia. In light of the decline in sales during the first half of 2026, the Company continued to improve efficiency by managing fixed costs—including outsourcing a portion of production—while also managing production cycles and implementing an early production program for goods destined for sale in subsequent quarters. Meanwhile, sales of own-brand products showed steady growth in the first half of 2026 compared to the same period the previous year, recording a 26.6% increase. Key drivers of this brand growth included the ongoing product range review initiated in 2025, the timely replenishment of stock for high-selling items, collaborations with renowned Lithuanian designers and the launch of their collections, as well as active marketing initiatives. Key risk factors associated with the operations of RAB Utenos Trikotažas: AB Utenos Trikotažas continues to increase production efficiency and further reduce fixed costs. As a result, the Company's profitability has already improved for the first half of 2025. In order to significantly reduce fixed costs, the Management Board has taken the decision to subcontract part of the production. As of the reporting date, a significant part of the production has been successfully subcontracted. • The Company’s primary markets are Germany, Austria, Switzerland, and Scandinavia; therefore, the general economic situation across Europe significantly influences the demand for the Company’s products; • Intense competition from Asian countries in the textile sector and the European Union’s customs policy significantly impact product prices and the Company’s profitability; • Ongoing hostilities in Ukraine affect the Company’s ability to source subcontracting services in the country and impact the operating results of its Ukrainian subsidiary; • Fluctuations in raw material prices—particularly gas—affect the costs of yarn and fabric dyeing. Economic factors. The market situation in the first half of 2026 is seen as favorable for the Company, with demand for clothing remaining relatively high, but there are signs of concern in projecting the future for 2026 due to the slowdown in the German economy, which may also affect the overall demand for clothing and textiles products. Social risk factors. The Company focuses attention on improvement of working conditions, training of personnel, and qualification development. Technical and technological risk factors. The condition of the Company's major facilities is good and does not pose any risk to operations. Utenos Trikotažas AB regularly invests in renovation of facilities and introduction of the latest technologies. Ecological risk factors. The environment management system meeting the requirements of ISO 14001 has been introduced at the Company. Key environmental strategic objectives include: Reduction of environmental pollution through efficient and economical use of raw materials and energy resources; Reduction in waste volume, improvement of management of waste and chemical materials, reduction of use of dangerous chemical substances in the production process. 6. Key performance indicators of the Group As of June 30, 2025, the Group consisted of Utenos Trikotažas RAB, Šatrija AB, Mrija PAT MTF, Gotija UAB and Utenoswear AB. As of June 30, 2026, the Group consisted of Utenos Trikotažas RAB and Gotija UAB. On July 22, 2025, Šatrija AB filed a petition with the court to initiate insolvency proceedings. On September 17, 2025, the Šiauliai Regional Court initiated bankruptcy proceedings against Šatrija AB, as the company’s operations were loss-making and its liabilities exceeded the value of its assets. On November 4, 2025, Utenos Trikotažas completed a transaction to sell its controlling stake (98.87%) in Mrija subsidiary providing sewing services in Ukraine along with its existing rights to receivables.
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Consolidate interim report for 6 months period ended 30 June 2026 4 Trade Group Company Revenue (EUR '000) 2026 I H 2025 I H Change % 2026 I H 2025 I H Change % Products manufactured on demand of other clients 6 648 7 644 (13,0) 6 648 7 644 (13,0) Own brands 1 364 1 078 26,5 1 364 1 077 26,6 Services of functional-technical garments manufacture - 936 (100,0) - - - 8 012 9 658 (17,0) 8 012 8 721 (8,1) Group Company Revenue (EUR '000) 2026 II Q 2025 II Q Change % 2026 II Q 2025 II Q Change % Products manufactured on demand of other clients 2 455 3 595 (31,7) 2 455 3 594 (31,7) Own brands 725 526 37,7 725 526 37,7 Services of functional-technical garments manufacture - 368 (100,0) - - - 3 180 4 489 (29,2) 3 180 4 120 (22,8) Sales by regions Group Company Revenue (EUR '000) 2026 I H 2025 I H Change % 2026 I H 2025 I H Change % Export 6 393 7 181 (11,0) 6 393 6 366 0,4 DACH (Germany, Austria, Switzerland) 4 186 3 949 6,0 4 186 3 550 17,9 Scandinavia (Sweden, Norway, Denmark, Finland) 1 390 934 48,9 1 390 934 48,9 Other regions 817 2 298 (64,4) 817 1 882 (56,6) Domestic 1 619 2 477 (34,6) 1 619 2 355 (31,3) 8 012 9 658 (17,0) 8 012 8 721 (8,1)
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Consolidate interim report for 6 months period ended 30 June 2026 5 Group Company Revenue (EUR '000) 2026 II Q 2025 II Q Change % 2026 II Q 2025 II Q Change % Export 2 231 3 236 (31,1) 2 231 2 945 (24,2) DACH (Germany, Austria, Switzerland) 1 374 1 411 (2,6) 1 374 1 326 3,6 Scandinavia (Sweden, Norway, Denmark, Finland) 774 431 79,8 774 431 79,8 Other regions 83 1 394 (94,1) 83 1 188 (93,0) Domestic 949 1 253 (24,3) 949 1 175 (19,3) 3 180 4 489 (29,2) 3 180 4 120 (22,8) During the first six months of 2026, the company sold products and provided services for EUR 8,0 million. Trade volumes compared to 2025 increased by 30,6 percent during the same period. The company’s export sales reached 79,8 percent, in Lithuania sold 20.2 per cent of products. In first half of 2026, the Utenos trikotažas RAB group of companies (hereinafter „the Group “) sold products and provided services for EUR 8,0 million. The group exported 79.8 percent, sold in Lithuania 20.2 percent of total production. In first half of 2026, the Group ‘s sales in Lithuania reached EUR 1,4 million, which is more by EUR 0,285 million as compared to the same period in 2025. In first half of 2026, the Group ‘s production exports to Western Europe and other regions reached EUR 6,6 million, which is less by EUR 0,992 million compared to the same period of year 2025. Operating figures Group Company 2026 I H 2025 I H Change % 2026 I H 2025 I H Change % Manufactured items, (units '000) 596 669 (10,9) 596 647 (7,9) Average number of employees 345 569 (39,4) 344 377 (8,8) Production (units '000) 2026 I H 2025 I H Change % Utenos trikotažas RAB 596 647 (7,9) Šatrija AB - 20 (100,0) MTF Mrija PAT - 2 (100,0) Gotija UAB - - - Utenoswear AB - - - 596 669 (10,90)
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Consolidate interim report for 6 months period ended 30 June 2026 6 Financial ratios Group Company 2026 I H 2025 I H Change 2026 I H 2025 I H Change Revenue (EUR'000) 8 012 9 658 (17,0) % 8 012 8 721 (8,1) %Operating profit (loss) (EUR'000) (488) (187) 161,5% (488) 151 (422,1) %Operating profit (loss) margin (%) (6,1) (1,9) (4,2) p.p (6,1) 1,7 (7,8) p.pEBITDA (EUR'000) (210) 115 (284,0) % (210) 418 (150,1)% EBITDA margin (%) (2,6) 1,2 (3,8) p.p (2,6) 4,8 (7,4) p.pProfit (loss) before tax (EUR'000) (548) (517) 6,0% (548) 136 (501,7)%Profit (loss) before tax, margin (%) (6,8) (5,4) (1,5) p.p (6,85) 1,56 (8,4) p.pNet profit (loss) for the year (EUR'000) (470) (508) (7,4)% (470) 144 (425,3)%Net profit (loss) for the year margin (%) (5,9) (5,3) (0,6) p.p (5,9) 1,7 (7,5) p.pNumber of shares, (thousand) 9 503 9 503 - 9 503 9 503 - Group Company 2026 II Q 2025 II Q Change 2026 II Q 2025 II Q Change Revenue (EUR'000) 3 180 4 489 (29,2)% 3 180 4 120 (22,8)% Operating profit (loss) (EUR'000) (298) 156 (291,8)% (298) 323 (192,3)% Operating profit (loss) margin (%) (2) 5 (6,8) p.p (2) 5 (7,6) p.p EBITDA (EUR'000) (159) 304 (152,3)% (159) 455 (134,9)% EBITDA margin (%) (2) 5 (6,4) p.p (2) 6 (7,2) p.p Profit (loss) before tax (EUR'000) (328) (78) 321,6% (328) 316 (203,9)% Profit (loss) before tax, margin (%) (2) 3 (5,4) p.p (2) 6 (7,7) p.p Net profit (loss) for the year (EUR'000) (254) (74) 242,9% (254) 320 (179,5)% Net profit (loss) for the year margin (%) (1) 3 (4,5) p.p (1) 6 (6,9) p.p Number of shares, (thousand) 9 503 9 503 - 9 503 9 503 - Relative ratios Group Company 2026 I H 2025 I H Change p.p.2026 I H 2025 I H Change p.p. Return on capital employed (%) (17,1) (18,4) 1,3 (17,0) 5,3 (22,3) Return on assets (%) (3,6) (3,6) - (3,6) 1,0 (4,6) Return on shareholders’ equity (%) (6 807,4) (354,2) - (4 457,1) (12,3) - Debt ratio (%) 99,9 99,0 1,0 99,9 108,3 (8,4) Liquidity ratio (%) 196,6 177,8 18,8 196,6 205,2 (8,6) Equity to assets ratio (%) 0,1 1,0 (1,0) 0,1 (8,3) 8,4
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Consolidate interim report for 6 months period ended 30 June 2026 7 Ratios related with the share price 2026 I H 2025 I H change P/E (7,08) (5,66) (1,42) EPS (0,05) (0,05) 0,00 EV/EBITDA (42,47) 77,91 (120,37) 7. Information about trade in the Issuer’s securities in regulated markets The Company‘s shares are listed on the additional List of the National Stock Exchange, as well on the Baltic List of the Lithuanian, Latvian and Estonian stock market. 9 503 000 of ordinary registered shares have been registered for public turnover of securities. A nominal value of one share is EUR 0.29. 8. Information regarding the price of shares and their dynamics Utenos Trikotažas RAB share price dynamics, for 12 months period from 1st of July 2025 to 30th of June 2026. Shares price ratios 2026 I H 2025 I H Open price, EUR 0,31 0,3 High price, EUR 0,39 0,35 Low price, EUR 0,29 0,26 Last price, EUR 0,35 0,28 Traded volume 72 111 49 846 Turnover, million EUR 0,02 0,01 Capitalisation, million EUR 3,33 2,7 07.2025 08.2025 09.2025 10.2025 11.2025 12.2025 01.2026 02.2026 03.2026 04.2026 05.2026 06. 2026
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Consolidate interim report for 6 months period ended 30 June 2026 8 Utenos Trikotažas RAB, OMX Baltic Benchmark GI and OMX Vilnius Index dynamics for 12 months period up to 30th June 2026 Index/ Equity 2026.06.30 2025.06.30 2026.06.30 /2025.06.30 Change, % OMX Baltic Benchmark GI 1 803,83 1 695,90 +6,36 OMX Vilnius 1 460,56 1 201,12 +21,60 UTR1L 0,35 EUR 0,30 EUR +17,45 9. Dividend policy The dividend distribution is determined by the General Meeting of Shareholders, based on the proposal of the Board. 10. References to and additional explanations of data presented in the financial statements All first half year of 2026 and 2025 financial data presented in this Annual Report is calculated based on the financial information presented in the Group’s financial statements for the first half 2026, prepared in accordance with the International Financial Reporting Standards as adopted by the EU. 07.2025 08.2025 09.2025 10.2025 11.2025 12.2025 01.2026 02. 2026 03.2026 04.2026 05.2026 06.2026
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Consolidate interim report for 6 months period ended 30 June 2026 9 11. Main features of the Group’s internal control and risk management systems related to the preparation of the consolidated financial statements The consolidated financial statements of Utenos Trikotažas Group are prepared according to International Financial Reporting Standards (IFRS) as adopted by the EU. The principles of internal control organisation and accounting are consistently applied to all companies of Utenos Trikotažas Group. In preparing the consolidated financial statements all inter-company transactions and balances are eliminated. Internal controls in Utenos Trikotažas RAB includes control procedures over processes related to sales, manufacturing of production, supply and financial reports preparation. 12. Social responsibility Utenos Trikotažas RAB in order to implement the development of corporate social responsibility in partnership with business, social and international partners was certified the international standard of social responsibility. SA 8000 standard objectives: Ensure social welfare of workers and employees; Improve social responsibility not only inside the Company, but also encourage subcontractors; Demonstrate to the Western partners that Utenos Trikotažas RAB managers of all levels treat their workers civilized and the Company had implemented core human rights conventions and directives. Utenos Trikotažas RAB management ensured that wages paid shall be sufficient to meet the basic needs of personnel and to provide some discretionary income. Social responsibility (SA 8000) standard demands: The work for children under 16 years must not be practiced; Forced labor, verbal abuse or physical punishment must be avoided; working conditions must be healthy and safe; Discrimination based on nationality, race, religion, sex, sexual orientation, membership in organizations or political affiliation, age or disability must be prevented; employing, dismissing or retiring must not become a cause to work successfully, feel happy and needed. Equal pay for equal work and same opportunities for learning and promotions for men and women; People should work under well-defined working time schedules (work start, work end, lunch break and rest breaks); overtime work or work on rest days or holidays must be stated in the collective agreement or coordinated with workers' representatives – Council of Trade Unions. Payment and additions for work done must be clear to employees and all this must be harmonized in the collective agreement or with workers' representatives – Council of Trade Unions. 13. Information about the Company’s own share acquisitions No own shares were acquired by Company during the current accounting period. 14. Significant events subsequent to the end of the previous financial year On 02 June 2026 Jolanta Grašienė Appointed Chairwoman of the Board at Utenos Trikotažas On 02 June 2026 Decisions of the General Meeting of Shareholders held on 2 June 2026 On 12 May 2026 Notice of the Extraordinary General Meeting of restructured AB Utenos trikotažas Shareholders On 30 April 2026 Utenos Trikotažas grew export revenue and its in-house apparel brand On 29 April 2026 Utenos Trikotažas RAB annual information 2025. On 29 April 2026 Decisions of the General Meeting of Shareholders in 2026 april 29 On 08 April 2026 Utenos Trikotažas Increased Revenue and Restored Profitability On 27 February 2026 Utenos Trikotažas Increased Revenue and Restored Profitability On 07 January 2026 G. Kudarauskas Appointed Chief Financial Officer of Utenos Trikotazas On 06 January 2026 Reporting dates in 2026 On 17 November 2025 Jurgita Mišeniovienė Appointed Chair of the Board at Utenos Trikotažas On 17 November 2025 Decisions adopted by the the General Meeting of Shareholders on 17 November 2025 On 04 November 2025 Utenos Trikotažas sold a controlling stake in its subsidiary Mrija On 31 October 2025 Utenos Trikotažas Grows Sales by One-Third While Maintaining Profitability On 27 October 2025 Notice of the Extraordinary General Meeting of restructured AB Utenos trikotažas Shareholders On 05 September 2025 Bankruptcy proceedings initiated for AB Šatrija On 29 August 2025 Decisions of the General Meeting of Shareholders to be held on 29 August 2025 On 29 August 2025 A new Chief Financial Officer appointed at Utenos Trikotažas On 5 August 2025 Notice of the Extraordinary General Meeting of restructured AB Utenos trikotažas Shareholders On 31 July 2025 Utenos Trikotažas Posts Profit in Q2, Group Results Near Break-Even.
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Consolidate interim report for 6 months period ended 30 June 2026 10 15. The Company’s operating plans and objectives The company continues its efforts to strengthen its materials and product development center, focusing on higher value-added products (wool, functional materials, and fully eco-friendly materials) manufactured using sustainable methods in line with a refined "zero-waste" strategy. Although retail (B2C) sales volumes are steadily increasing, business-to-business (B2B) exports will continue to account for the majority of sales. The Group's growth potential rests on two pillars of its business strategy: firstly, the strategic transformation launched at the beginning of 2022, with the aim of purifying the customer portfolio and focusing on the most profitable segment of the business - the production of more complex and higher-priced products, especially from functional wool and its blends. Secondly, the environmental and consumer friendliness of the production processes is being taken into particular consideration. This is particularly appreciated by customers both in Lithuania and abroad. Environmental and social responsibility commitments cover all areas of production and activities of UTENOS TRIKOTAŽAS AB - from naturally grown fibers, the use of chemicals in production and their impact on the environment, the properties of the garment produced, to the transparency of production processes. All this is ensured through comprehensive certification measures and numerous tests throughout the production process. The UTENOS brand has become an integrated part of the organization, which, as part of the sustainable Zero Waste ideology, is essentially devoted to collections made from quality and sustainable raw materials that are not used in production. Statistics show that up to 30% of textiles inevitably go unused at various stages of garment production. These quantities are too small for mass production, but are suitable for the small customized batches that are at the heart of the redesigned UTENOS brand. 16. Structure of the Issuer's authorised share capital As at 30th June 2026, the Company’s authorised share capital was comprised of 9 503 000 ordinary registered shares with a nominal value of EUR 0.29 each. Utenos Trikotažas BAB authorised share capital according to types of shares: Type of shares Number of shares Nominal value (EUR) Total nominal value (EUR) Percentage in the authorised share capital (%) Ordinary registered shares 9 503 000 0.29 2 755 870 100.00 All shares of Utenos Trikotažas BAB are fully paid. All shares of the Company are ordinary registered shares of one class granting equal rights to their holders (shareholders). An ordinary registered share grants the following property rights to its holder (shareholder): 1. to receive a part of the Company's profit (dividend); 2. to receive a part of assets of the Company in liquidation; 3. to receive shares without payment if the authorised capital is increased out of the Company’s funds, except in cases specified in the Law on Companies of the Republic of Lithuania; 4. to have the pre-emption right in acquiring shares or convertible debentures issued by the Company, except in cases when the General Meeting of Shareholders decides to withdraw the pre-emption right in the manner prescribed by the Lithuanian Law on Companies in acquiring the Company’s newly issued shares or convertible debentures for all the shareholders; 5. to lend to the Company in the manner prescribed by law; however, when borrowing from its shareholders, the Company may not pledge its assets to the shareholders. When the Company borrows from a shareholder, the interest may not be higher than the average interest rate offered by commercial banks of the locality where the lender has his place of residence or business, which was in effect on the day of conclusion of the loan agreement. In such a case the Company and shareholders shall be prohibited from negotiating a higher interest rate; 6. to transfer all or part of the shares into the ownership of other persons; 7. to force other shareholders to sell their shares to them or to force other shareholders to buy their shares from them in cases and manner prescribed by the Law on the Law on Securities Market; 8. other property rights established by laws. An ordinary registered share grants the following non-property rights to its holder (shareholder): 1. to attend the General Meetings of Shareholders; 2. to vote at General Meetings of Shareholders according to voting rights carried by their shares; One ordinary registered share carries one vote; 3. to receive information on the Company specified by laws; 4. to file a claim with the court for reparation of damage resulting from nonfeasance or malfeasance by the company manager and Board members of their obligations prescribed by laws or these Articles of Association as well as in other cases laid down by laws; 5. other non-property rights established by laws.
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Consolidate interim report for 6 months period ended 30 June 2026 11 22. Management of the Group companies Company name Managers Utenos Trikotažas RAB Nomeda Kaučikienė Gotija UAB Renata Varaneckienė 23. Management incentives Management incentives are assigned by the decision of the Board taking into account the objectives met as per Company’s Executive Remuneration policy, approved by the General Meeting of Shareholders. 24. Amendment procedure of the Issuer’s Articles of Association The Articles of Association of the Company shall be amended by the decision of the General Meeting of Shareholders adopted in the manner prescribed by laws, except in cases specified in the Lithuanian Law on Companies. Following the decision by the General Meeting of Shareholders to amend the Company’s Articles of Association, the full text of the amended Articles of Association shall be drawn up and signed by the person authorised by the General Meeting of Shareholders. The Company’s issued capital is equal to EUR 2 755.9 thousand and is divided into 9 503 000 ordinary registered shares with a nominal value of EUR 0.29 each. 17. Restrictions on disposal of securities There are no restrictions. 18. Shareholders As at 31st December 2025, the total number of shareholders of Utenos Trikotažas RAB was 1 486 The table below indicates shareholders owning or holding more than 5 percent of the Issuer’s authorised share capital as at 30th June 2026. Names of shareholders Company codes Registration address Number of ordinary registered shares held Share in the authorised capital, (%) Share of votes held, (%) UAB SBA Grupė 132206739 Upės g. 21, Vilnius, Lithuania 8 772 92.31 92.31 Other shareholders - - 731 7.69 7.69 19. Shareholders holding special control rights and descriptions of these rights There are no such shareholders. 20. All restrictions regarding voting rights There are no restrictions. 21. All mutual agreements between shareholders of which the Issuer is aware and due to which restrictions on transfer of securities and/or voting rights may be imposed There are no such agreements.
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Consolidate interim report for 6 months period ended 30 June 2026 12 25. Issuer’s management bodies The management bodies of the Company are listed below: The General Meeting of Shareholders The Audit committee The Management Board The General Manager The Articles of Association of Utenos Trikotažas RAB stipulate that the Company shall have the following bodies: the General Meeting of Shareholders, the Board and the General Manager. The Supervisory Board shall not be set up at the Company. The Company's Board shall be granted all powers stipulated in the Company’s Articles of Association including powers assigned to it by laws. The Board shall deal with deliberation of collegial issues and decision making. The Board shall deliberate and approve the Company's operating strategy, management structure and job descriptions of employees. The Board shall elect and remove from office the Company Manager, fix his salary and set other terms of the employment contract. The Board shall specify information classified as the Company's commercial secret. The Board shall analyse and assess the Company’s draft annual and consolidated financial statements and proposed profit (loss) appropriation and shall submit them to the General Meeting of Shareholders. The Board shall pass other decisions assigned within its powers by legal acts, by the Company's Articles of Association and by the decisions of the General Meeting of Shareholders. The Board shall have a responsibility of convening and arranging the General Meetings of Shareholders in due time. The Board of Utenos Trikotažas AB shall be composed of 6 members elected for the period of 4 years. The Audit committee consists of 2 (two) independent members. The Audit committee members by the submission of the Board are being appointed and withdrawn by the General Meeting of Shareholders. The members of the Committee are elected for the term of 4 (four) years. Inga Kuktienė (born in 1980) Independent member of the audit committee of Utenos Trikotažas RAB since 30 November 2021 elected for the period of 4 years. Education: Vilnius University (Master’s degree), Service Management, and Stockholm University, Bachelor’s degree in Economics and Management, certified auditor of Lithuania and risk management specialist; Workplace: UAB “Maneuver LT” (Genome) - Chief Risk Officer (CRO); Alma Gasiulė (born in 1962) Independent member of the Audit Committee of UTENOS TRIKOTAŽAS RAB since 1 December 2025, elected for the period of four years. Education: • Vytautas Magnus University, Major in Economics and Management; • Auditor's qualification (auditor’s licence No 000552) Workplace: • Director, Auditor at Audito Sistemos UAB; Participation in the management of other companies: • Member of the Lithuanian Chamber of Auditors; • Member of the Lithuanian Association of Auditors; • Member of the Lithuanian Chamber of Auditor’s Quality Control Committee;
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Consolidate interim report for 6 months period ended 30 June 2026 13 The Duties of the Audit Committee: 1. To observe the process of preparation of the Company’s financial reports; 2. To review the systems of internal control, risk management and internal audit, if it exists in the Company; 3. To observe the process of external audit; 4. To observe how the external auditor or audit company follows the principles of independence and objectivity; 5. To provide the Board of the Company with written recommendations regarding the selection, appointment and recall of an external audit company. 6. To immediately inform the Managing Director of the company about information provided by the audit company to audit committee about audit related problematic issues especially when significant control defects related to financial statements occur. Audit committee rights: To get complete information and (or) documents (their copies) needed for the audit committee to perform their duties. On the audit committee request Administration of the Company must provide the information and (or) documents (their copies) to the Audit committee per 3 working days. To get complete information on details of accounting, financial and other operations of the company. On the audit committee request Administration of the Company as well as on its own initiative must inform the audit committee of the methods used to account for significant and (or) unusual transactions where the accounting treatment may be open to different approaches. In such case a special consideration should be given to company‘s operations in off shores and (or) activities carried out through special purpose vehicles (organizations), for the purpose to clarify the justification of such operations. Audit committee members may be remunerated for their operations. Remunerations and the payment terms are determined by the submission of the board by the General shareholders meeting. 26. Members of the collegial bodies, the Company Manager, the Finance Manager As at 30th June 2026: Position Name, surname Number of the Issuer‘s shares held Beginning of the term of office End of the term of office Board Chairman of the Board Jolanta Grašienė - 2026.06.02 2029.04.30 Member of the Board Jelena Grišina - 2022.04.29 2029.04.30 Member of the Board Aurimas Likus - 2025.11.17 2029.04.30 Independent member of the Board Artūras Užgalis - 2021.04.28 2029.04.30 Independent member of the Board Neringa Vaitelytė - 2023.01.03 2029.04.30 Member of the Board Vytautas Vaškys - 2021.04.28 2029.04.30 Head of Administration and the Chief Financial Officer General Manager Nomeda Kaučikienė - 2022.05.03 - Finance Director Gediminas Kudarauskas - 2026.01.05 - The Audit committee The independent auditor Alma Gasiulė - 2025.12.01 2029.11.30 The independent auditor Inga Kuktienė - 2025.12.01 2029.11.30 Information about board members: Jolanta Grašienė (b. 1976) Education: Kaunas University of Technology, business administration, Bachelor degree; Baltic Management Institute, business administration, master degree; Vytautas Magnus university, management and business administration, master degree. Working place: Vice president, UAB „SBA Grupė (from June 2018)
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Consolidate interim report for 6 months period ended 30 June 2026 14 Participation in the management of other companies: Member of the management board of UAB „SBA Grupė“; Member of the management board of UAB „SBA Modular“; Member of the management board of UAB SBA Home; Member of the management board of UAB SBA Urban; Member of the management board of UAB „Capitalica Asset Management“; Director of UAB Scitus Investments; Member of the management board of SBA HOME US INC. Jelena Grišina (b. 1979) Education: Vilnius University Master's degree in Finance Klaipeda University Bachelor's degree in Maritime Economics Working place: Head of Development at SBA Grupė UAB; Director at SBA Competence and Service Center UAB; Head of HR at SBA Home UAB; Director at B.A.T. UAB; Participation in the management of other companies: Chair of the Management Board at SBA Competence and Service Center UAB; Member of the Management Board at Inno Line UAB; Member of the Management Board at Klaipėdos baldai AB; Member of the Management Board at Visagino linija UAB; Member of the Management Board at Šilutės baldai AB; Member of the Supervisory Board at Kauno Baldai AB; Vytautas Vaškys (b. 1967) Education: Kaunas University of Technology, Construction engineer - technologist master's degree Kaunas University of Technology, Master's degree in International Management and Business Administration (EMBA) Working place: Chief Risk Officer, UAB SBA Grupė Director of Landmor, UAB Director of Sevenmor UAB Director of Evenland UAB Director of SBA Modular UAB Participation in the management of other companies: Member of the Management Board at Kauno baldai AB; Member of the Management Board at SBA Urban UAB; Member of the Board Management at SBA Competence and Service Center UAB; Member of the Management Board at SBA Modular UAB; Aurimas Likus (born in 1985) Member of the Management Board of UTENOS TRIKOTAŽAS RAB since 17 November 2025. Education: • Vilnius University Šiauliai Academy, Master’s degree in Banking and Finance; • Vilnius University, Faculty of Economics, Bachelor’s degree in Management Information Systems; Workplace: • Financial Control Lead at SBA Grupė UAB; • Chief Financial Officer at Utenos Trikotažas AB; Participation in the management of other companies: • Member of the Management Board at Utenos Trikotažas AB; • Member of the Management Board at KEMPINGAS SLĖNYJE UAB
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Consolidate interim report for 6 months period ended 30 June 2026 15 Neringa Vaitelytė (b. 1979) Education: Vilniaus University, Master of Economics Klaipeda University, Bachalor of Economics Working place: Head of Sales at Grigeo Tissue UAB; Participation in the management of other companies: None Artūras Užgalis (b. 1989) Education Mykolas Romeris University, specialty: Leadership and Change Management, degree: Master Kaunas University of Technology, specialty: Food Technology and Engineering, bachelor's degree Workplace: Director of Dealja, MB During the first half 2026, no loans, guarantees, sponsorships were issued and no assets were disposed to members of the Company’s Board and Administration 27. Information about significant agreements The Company has concluded no significant agreements in which the Company is a party to and which would come into effect, change or terminate as a result of the change in the control of the Company. 28. Information about the compliance with the Governance Code Utenos Trikotažas RAB confirms its substantial compliance with the principles of the Governance Code approved by the Vilnius Stock Exchange for the companies listed on the regulated market. 29. Data on publicly announced information The Company announces information on significant events (as well as other information required by laws) through the system of information disclosure and communication Globe Newswire. Publicly announced information is also available on the Company’s website at www.ut.lt and on the website of the Vilnius Stock Exchange at www.baltic.omxgroup.com. 30. Company‘s auditor he General Meeting of Shareholders of RAB Utenos trikotažas selected Grant Thornton Baltic, UAB (legal entity code: 300056169; registered office address: Upės St. 21-1, Vilnius, 08128) to audit the financial statements for the years 2026 and 2027. The annual remuneration for the provision of audit services was set at EUR 35,000 (thirty-five thousand euros) plus VAT for 2026 and EUR 36,750 (thirty-six thousand seven hundred fifty euros) plus VAT for 2027. 31. General information on the Group of companies 31.1. 2025-06-30 Companies that constitute the Group, their contact data and principal activities Company name Šatrija AB Legal form Public company Date and place of incorporation 1955 m. Šatrijos g. 3, 4400 Raseiniai Company code 172285032 Address Šatrijos g. 3, 4400 Raseiniai Telephone 8 (428) 70611 Fax 8 (428) 70611 E-mail raseiniai@satrija.lt. Website www.satrija.lt Principal activities Sewing of clothes Company name Mukačevska Trikotažnaja Fabrika Mrija PAT
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Consolidate interim report for 6 months period ended 30 June 2026 16 Legal form Open public company Date and place of incorporation 1971 m. Tomas Masarik str.13, 89600 Mukačevo, Ukraine Company code 307253 Address Tomas Masarik str. 13, 89600 Mukačevo, Ukraine Telephone + 380 (3131) 52780 Fax +380 (3131) 52780 E-mail mriya@mrija.ut.lt Website www.mriyamukachevo.com Principal activities Production of knitwear articles Company name Gotija UAB Legal form Private company Date and place of incorporation 1994 m. Laisvės al. 33, Kaunas Company code 134181619 Address Laisvės al. 33, Kaunas Telephone 8 (37) 205879 Fax 8 (37) 205879 E-mail gotija@ut.lt Website None Principal activities Retail trade in clothes Company name Utenoswear AB Legal form Private company Date and place of incorporation 2021 m. Laisvės pr. 3 Vilnius Company code 305758870 Address Laisvės pr. 3 Vilnius Telephone + 370 (610) 25063 Website None Principal activities Wholesale and retail trade 31.2. Trade in securities of the Group companies in regulated markets Subsidiaries Šatrija AB, PAT MTF Mrija, Gotija UAB and Utenoswear AB do not trade in securities in regulated markets. 32. Information on harmful transactions in which the issuer is a party. There were no harmful transactions (those that are not in line with issuer‘s goals, not under usual market terms, harmful to the shareholders‘ or stakeholders‘ interests, etc.) made in the name of the issuer that had or potentially could have negative effects in the future on the issuer‘s activities or business results. There were also no transactions where a conflict of interest was present between issuer‘s management‘s, controlling shareholders ‘or other related parties‘ obligations to the issuer and their private interests. General Manager Nomeda Kaučikienė 31 July 2026