Novaturas stock faces shareholder risk as operations continue

Published on 10/05/2026 at 21:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Novaturas stock faces a new shareholder risk after a 75 percent voting-rights threshold was crossed. First-half revenue fell 5.8 percent to EUR 69.8 million.

Novaturas, LT0000128571, Illustration mit AI erstellt.

Novaturas stock (ISIN LT0000128571) is facing a governance question after principal shareholder Neset Kockar crossed the 75 percent voting-rights threshold on September 23, 2026. The company said on September 30 that scheduled trips continue and its management and governance structure remain in place, according to Nasdaq Baltic.

Ownership crosses 75 percent

The ownership change followed a mandatory tender offer. According to GlobeNewswire, Novaturas received the voting-rights notification on September 23, 2026, after Kockar acquired shares and exceeded the 75 percent threshold.

The tender process also involved 3,153,045 ordinary shares, equal to 17.42 percent of all shares, according to GlobeNewswire. For shareholders, the key issue is therefore the companys ownership structure rather than a change to scheduled travel operations.

Losses deepen in first half

Novaturas reported EUR 69.8 million of revenue for the six months ended June 30, 2026, down 5.8 percent from the first half of 2025. Net loss reached EUR 7.92 million, compared with a EUR 7.13 million smaller loss in the prior-year period, according to Simply Wall St.

The loss per share was EUR 1.01 in the first half of 2026 versus EUR 0.10 in the first half of 2025. That comparison puts the ownership news against a difficult earnings backdrop: the company is maintaining operations while profitability remains under pressure.

Stock listed in Vilnius

Novaturas is a Baltic tour operator serving Lithuania, Latvia and Estonia. Its primary listing is Nasdaq Vilnius under ticker NTU1L, while the company also has a Warsaw listing identified as NTUP in market data.

The combination of concentrated ownership and a first-half loss makes the next corporate disclosures important for assessing Novaturas stock. The companys September 30 statement said scheduled trips were proceeding as planned and obligations to customers and partners were being fulfilled.