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Global Blue Group (GB) investor relations material
Global Blue Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 20% year-over-year revenue growth to €508 million for FY24/25, with Q4 revenue up 20% to €127 million.
Adjusted EBITDA reached a record €202 million, up 36% year-over-year, with margin rising to 39.8%.
Net leverage ratio reduced to 2.4x from 3.4x, meeting long-term target ahead of schedule.
Announced acquisition by Shift4 for $2.5 billion, expected to close in Q3 2025.
Financial highlights
Q4 Adjusted EBITDA grew 43% year-over-year to €49 million; margin expanded by 5.9pts to 38.2%.
FY24/25 Adjusted Profit Before Tax rose 65% to €97.2 million; Adjusted Net Income Group Share up 104% to €54.9 million.
Free Cash Flow increased by €34.9 million to €57.3 million year-over-year.
Net Debt decreased to €487.7 million, with cash and equivalents at €123.8 million.
Outlook and guidance
FY24/25 results in line with guidance communicated in September 2023 and reiterated in 2024.
Shift4 acquisition expected to close in Q3 2025, subject to regulatory approvals and minimum tender conditions.
- Revenue and EBITDA soared, leverage dropped, and digitalization fueled strong market gains.GB
Q4 202431 Jan 2026 - Q1 revenue up 25%, EBITDA up 55%, margin and leverage improved, €10m buyback announced.GB
Q1 202523 Jan 2026 - H1 FY24/25 saw 20% revenue growth, 36% higher EBITDA, and rapid deleveraging.GB
Q2 202512 Jan 2026 - Dominates tax-free shopping with 70% share, €205M EBITDA, and robust long-term growth outlook.GB
Investor Presentation30 Jun 2025 - Dominant in tax-free shopping, delivering robust growth and expanding digital solutions.GB
Investor Presentation30 Jun 2025 - Double-digit tax free spend growth and record recovery rates marked December 2024 across key regions.GB
Investor Presentation30 Jun 2025 - Global Blue drives double-digit growth in Tax Free Shopping and FX Solutions with strong tech and data.GB
Analyst Day 2024 Presentation13 Jun 2025 - Acquisition at a premium follows strong growth, margin gains, and deleveraging.GB
Q3 20255 Jun 2025
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