About You (YOU) Q1 25/26 earnings summary

Executive summary

• Revenue grew 6.0% year-over-year in Q1 2025/2026, reaching EUR 549.4 million, driven by increased active customers and favorable market conditions.

• Adjusted EBITDA margin improved to 4.2% with adjusted EBITDA of EUR 23.2 million, reflecting strict cost control and operational leverage.

• Net working capital declined to EUR -123.3 million, and free cash flow was EUR 26.1 million, supporting a solid cash balance of EUR 160.8 million.

• Strategic initiatives in Commerce and SCAYLE segments contributed to measurable growth and profitability uplift.

Financial highlights

• Revenue: EUR 549.4 million, up 6.0% year-over-year.

• Gross profit: EUR 232.0 million, up 3.6% year-over-year; gross margin declined by 100bp to 42.2%.

• Adjusted EBITDA: EUR 23.2 million (4.2% margin), up from EUR 15.0 million (2.9% margin) last year.

• Free cash flow: EUR 26.1 million, down from EUR 46.0 million year-over-year.

• Cash and cash equivalents: EUR 160.8 million as of May 31, 2025.

Outlook and guidance

• Management reiterates guidance for FY 2025/2026, expecting moderate revenue growth and strong adjusted EBITDA growth.

• Solid start to Q2 2025/2026 supports confidence in full-year targets.