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DocMorris (DOCM) investor relations material

DocMorris Q3 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 TU earnings summary16 Oct, 2025

Executive summary

  • Total revenue increased by 9.5% in the first nine months of 2025, reaching CHF 854.3 million, with sequential Rx quarterly growth accelerating to 9.2% in Q3.

  • Non-Rx business in Germany grew across all areas, and TeleClinic revenue surged over 140% to more than CHF 17 million.

  • The AI-based DocMorris health companion was fully rolled out to all app users, enhancing digital health services.

  • Management structure was streamlined, with new appointments including a Chief AI Health Officer and Chief Commercial Officer.

Financial highlights

  • External Rx revenue rose 37.9% year-over-year in the first nine months, with a 9.2% sequential increase from Q2 to Q3.

  • Non-Rx external revenue increased by 4.3% in the first nine months and grew sequentially in Q3.

  • Germany segment revenue grew 10.0% in local currency, while Europe segment revenue increased 2.7%.

  • Active customers increased from 10.3 million to 10.6 million in the first nine months.

Outlook and guidance

  • Management confirmed 2025 revenue and earnings guidance, targeting EBITDA breakeven in 2026 and free cash flow breakeven in 2027.

  • Medium-term targets remain unchanged.

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Frequently asked questions

DocMorris AG operates an online pharmacy and healthcare platform offering prescription and over-the-counter medicines, personal care products, and digital health services. The company serves consumers across Europe through e-commerce channels, telepharmacy, and digital consultations. Its operations also include pharmaceutical logistics and fulfillment. The company is headquartered in Heerlen, Netherlands, and its shares are listed on the SIX.

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