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LuxExperience B.V. (LUXE) investor relations material

LuxExperience B.V. Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary25 Sep, 2025

Executive summary

  • Completed acquisition of Jux/YNAP in April 2025, forming a leading global digital multi-brand luxury group with new segment reporting and operating model.

  • Rapid transformation and reorganization initiated post-acquisition, including cost reductions, technology migration, workforce adjustments, and leadership changes to drive efficiencies and profitability.

  • Mytheresa delivered strong growth and profitability, outperforming peers and confirming the resilience of its business model.

  • Net-a-Porter & Mr Porter and Off-price segments experienced sales declines but have new leadership and transformation plans underway.

  • US market expansion contributed 9.7% net sales growth, now representing 20.6% of Mytheresa's total business.

Financial highlights

  • Mytheresa Q4 FY25 net sales up 11.5% YoY to €248.9M; FY net sales up 8.9% to €916.1M; Q4 GMV €265.9M (+11.1%).

  • Mytheresa gross profit margin up 90 bps in Q4 to 48.3%; FY up 130 bps to 47%.

  • Mytheresa adjusted EBITDA margin expanded 180 bps in Q4 to 6.5%; FY at 4.9% (€44.6M).

  • Group Q4 FY25 GMV €692.4M, net sales €663.3M, adjusted EBITDA -€15.3M; FY25 adjusted EBITDA -€58.7M.

  • Group ended FY25 with €603.6M cash and €784M total liquidity.

Outlook and guidance

  • FY26 is a transition year; group GMV expected at €2.5–2.9B, with adjusted EBITDA margin between -4% and +1%.

  • Medium-term targets: €4B net sales, 7–9% adjusted EBITDA margin, and 10–15% annual growth.

  • Mytheresa expected to continue growth; Net-a-Porter & Mr Porter and Off-price to stabilize post-restructuring.

  • Positive operating cash flow for the group expected in 2–2.5 years.

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Frequently asked questions

LuxExperience B.V. (formerly MYT Netherlands Parent B.V.,) operating under the brand Mytheresa, is an online luxury fashion retailer offering clothing, shoes, bags, and accessories from high-end designer brands. The company targets a global customer base with curated selections and personalized services. MYT Netherlands Parent B.V. primarily serves the e-commerce and luxury fashion sectors. The company is headquartered in Munich, Germany, and its shares are listed on the NYSE.

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