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SRP Groupe (SRP) investor relations material

SRP Groupe Q3 2025 earnings summary

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

Executive summary

  • Revenue declined 12% and gross merchandise volume (GMV) fell 10% year-over-year for the first nine months of 2025, with a more moderate 9% revenue and 7% GMV drop in Q3.

  • Marketplace GMV surged 43% in Q3, offsetting declines in traditional segments.

  • The Bradery, a premium event sales platform, posted strong growth and is set for divestment.

Financial highlights

  • GMV for the first nine months: €630.5M, down 10.3% year-over-year; Q3 GMV: €190.8M, down 6.6%.

  • Net revenue for the first nine months: €392.3M, down 12.2% year-over-year; Q3 net revenue: €116.7M, down 9.3%.

  • Average basket size increased 13.9% to €94.4, partially offsetting a 21.2% drop in order volume.

Outlook and guidance

  • Q3 showed a less pronounced decline, with commercial momentum rebuilding through team strengthening and marketing initiatives.

  • Focus remains on revitalizing core business, cost control, and inventory optimization.

  • Migration of showroomprive.com to Shopify is a key strategic project for 2026.

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Frequently asked questions

SRP Groupe S.A. is a France-based e-commerce company specializing in online retail through its platform Showroomprivé. The company offers flash sales of fashion, beauty, home goods, electronics, and travel services, partnering with brands to sell discounted products to members. SRP Groupe operates in multiple European markets, focusing on digital commerce, personalized shopping experiences, and strategic brand collaborations. The company is headquartered in La Plaine Saint-Denis, France, and its shares are listed on the Euronext Paris.

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