Silvano Fashion Group (SFG1T) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was €55.5 million, down 4.5% year-over-year, with gross profit falling 14.6% to €29.3 million.

• Operating profit declined 39.5% to €10.4 million, and net profit attributable to equity holders dropped 25.4% to €9.2 million.

• Wholesale revenue decreased 13.3%, while retail revenue grew 9.1%, now comprising 44.2% of total sales.

• Russia and Belarus accounted for 86.8% of total sales, with Russia sales down 9.3% and Belarus up 9.0%.

Financial highlights

• EBITDA for 2025 was €13.9 million, down 31.7% year-over-year.

• Gross margin declined to 52.8% from 59.0%, and net profit margin fell to 18.1% from 23.5%.

• Total assets increased 11.1% to €93.8 million; equity attributable to equity holders rose 16.3% to €76.8 million.

• Cash and cash equivalents decreased 13.6% to €6.6 million.

• Earnings per share were €0.26, down from €0.34 in 2024.

Outlook and guidance

• Focus remains on improving retail profitability in Russia and expanding store presence where feasible.

• Continued investment in store openings and production efficiency is planned.