AUTO1 GROUP (AG1) Q2 2025 earnings summary

Executive summary

• Achieved record half-year gross profit of €467.5M, up 39% year-over-year, driven by higher unit sales and improved margins in both Merchant and Retail segments.

• Sold 404,544 vehicles in H1 2025, a 22.6% increase year-over-year, with revenue rising 31.7% to €3.91B.

• Adjusted EBITDA surged to €100.5M, up from €37.7M in H1 2024, reflecting operational leverage and margin expansion.

• Net income for H1 2025 reached €45.3M, a significant turnaround from a €1.6M loss in H1 2024.

Financial highlights

• Group revenue grew 29.8% in Q2 2025 year-over-year and 31.7% for H1 2025 year-over-year.

• Gross profit increased 33.4% in Q2 2025 year-over-year and 39.0% for H1 2025 year-over-year.

• Adjusted EBITDA margin improved to 2.6% in H1 2025 from 1.3% in H1 2024.

• Basic EPS for H1 2025 was €0.21, compared to a loss per share of €0.01 in H1 2024.

• Cash and cash equivalents at period end were €617.6M, up from €613.4M at year-end 2024.

Outlook and guidance

• Full-year 2025 unit sales guidance raised to 772,000–817,000, with Merchant segment expected at 680,000–720,000 and Retail at 92,000–97,000.

• Gross profit forecast for 2025 increased to €890M–€940M; adjusted EBITDA guidance raised to €160M–€190M.

• Management expects positive trends to continue in H2 2025, though Q4 may see seasonal fluctuations.