Gens Aurea (OROX) investor relations material

Executive summary

• Achieved strong growth in the European gold and precious metals market, consolidating a leading position with 560 shops across five countries and eight brands, including new entries in Switzerland and plans for further European expansion.

• Completed IPO on Euronext Milan in July 2026, increasing visibility, broadening the shareholder base, and raising free float to 10.27%.

• Expanded business lines: Buy-Sell, Investment Gold, Jewelry Retail, and Buy-Back, with Buy-Sell accounting for 96% of revenues.

• Revenue surged 129%–130% year-over-year to €824.8–€826.3 million, driven by strong gold prices and increased investment demand.

• Net profit rose to €80.3 million, reflecting operational leverage and network expansion.

Financial highlights

• Revenues reached €824.8–€826.3 million, up 129%–130% year-over-year.

• Gross margin rose to €156.5 million, but margin declined to 18.9% from 21.8% due to competitive pricing.

• EBIT increased to €110.5 million (13% margin), up from €42.7 million (12% margin).

• Adjusted EBITDA was €121.1 million (14.7%–15% margin), up from €47.8 million (13% margin).

• Cash and cash equivalents rose to €138.4 million from €54.2 million at year-end 2025.

• Net financial position improved from net debt of €19.4 million to net financial assets/net cash of €32.8 million.

• Shareholders’ equity increased to €109.3 million from €84.1 million.

Outlook and guidance

• Full-year 2026 revenue expected at €1.5 billion, adjusted EBITDA above €200 million, and adjusted net profit over €130 million.

• Capex for 2026 targeted at €9 million; dividend payout ratio of at least 60%.

• Strategic priorities include cost rationalisation, retail channel development, consolidation of gold-broking, expansion of buy-back offerings, and entry into new European markets.

• Directors approved a new business plan for 2026–2030 focused on operational efficiency and brand value protection.

• The macroeconomic and geopolitical environment remains highly uncertain and volatile, with gold price trends expected to significantly impact business.