Tonies
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Tonies (TNIE) investor relations material

Tonies Q4 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 TU earnings summary5 Feb, 2026

Executive summary

  • Achieved upper end of FY 2025 guidance, driven by portfolio expansion and internationalization, with record adjusted EBITDA margin despite a challenging macroenvironment.

  • Double-digit revenue growth in all markets, with half of annual revenue generated in Q4 due to strong product launches and commercial events.

Financial highlights

  • Group revenue increased 31% year-over-year to EUR 630m, exceeding guidance of over EUR 600m.

  • Adjusted EBITDA margin reached around 8.5%, up from 7.5% in 2024.

  • Q4 2025 revenue rose 31% year-over-year to EUR 313m, outpacing full-year growth.

Outlook and guidance

  • Current momentum and successful product launches provide a strong foundation for continued profitable growth in 2026.

Toniebox 2's impact on future figurine demand
Detail the beneficial product-mix shift
Strategy for Rest of World's sustained high growth
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