BasicNet (BAN) AGM 2026 presentation summary

Financial performance highlights

• Aggregate brand sales reached €1,225.7 million in 2025, showing steady growth over recent years.

• Consolidated revenue for 2025 was €408.2 million, maintaining a stable trend since 2023.

• Pro-forma EBITDA for 2025 was €54.1 million, with reported EBITDA at €29.3 million due to extraordinary costs.

• Net result for 2025 was €20.0 million pro-forma, while the reported figure was a loss of €7.7 million.

• Net financial position towards banks improved to -€74.4 million in 2025 from -€90.8 million in 2024.

Revenue and segment breakdown

• Direct sales and royalties remained the main revenue streams, with consolidated real estate income contributing marginally.

• Key brands include K-Way, Superga, Sebago, Briko, Woolrich, Sundek, and Jesus Jeans.

• Royalties and sourcing commissions provided a stable income base.

EBITDA and extraordinary items

• EBITDA was impacted by transaction costs, professional fees, and extraordinary bonuses related to acquisitions and brand operations.

• Adjustments for extraordinary items resulted in a significant difference between pro-forma and reported EBITDA.