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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.
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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