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BasicNet (BAN) investor relations material
BasicNet Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenues increased 2.5% year-over-year to €303.4 million, with both net royalties and direct sales growing, and a strong Q3 performance driven by wholesale deliveries and robust commercial activity.
Aggregate sales of group brands products rose 7.3% year-over-year to €909.0 million, with commercial licensees and direct sales in Europe up 13.2%.
Net financial position with banks improved to zero from -€108.6 million at 9m 2024, supported by proceeds from the K-Way transaction.
Commercial performance at the start of Q4 is in line or better than last year, with strong appetite in the market.
Financial highlights
Adjusted EBITDA for 9m 2025 was €39.8 million, with consolidated margins up and higher direct royalties offsetting a reduction in other income.
Q3 standalone EBITDA was €24.7 million, reflecting fulfillment of a strong wholesale order book.
Royalties from commercial and productive licensees reached €49.9 million, up 12.4% year-over-year.
Direct sales totaled €252.7 million, a 0.9% increase year-over-year, with Q3 reaching the highest level in company history.
Operating cash flow saw an absorption of roughly €19 million, mainly due to increased trade working capital from advance purchasing.
Outlook and guidance
October sales are tracking well, with key months ahead in November and December.
The Q1Q2 2026 order book shows a positive trend compared to the previous year, indicating continued commercial momentum.
Focus remains on sustainable growth and brand value development amid uncertain geopolitical and macroeconomic conditions.
Retail expansion and inventory management are expected to support continued growth, with a focus on never-out-of-stock programs.
The business model emphasizes flexibility and adaptability for medium- to long-term resilience.
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