BasicNet (BAN) Q4 2025 earnings summary

Executive summary

• Total Aggregated Sales reached €1,225.7 million, up 4.0% year-over-year from €1,178.5 million.

• Group Consolidated Revenues were €408.3 million, a slight decrease of 0.2% compared to the previous year.

• Net Result (adjusted) was €20.0 million, down 20.7% year-over-year, reflecting extraordinary costs.

• Proposed dividend of €0.16 per share, totaling approximately €7.6 million, with a pay-out ratio of 31.7% of pro-forma net consolidated profit.

• Integration of Woolrich and Sundek brands expected to drive synergies and support direct sales growth.

Financial highlights

• Aggregated Brand Sales increased by 5.0% to €907.7 million; Aggregated Sales of Sourcing Centers rose 1.4% to €318.0 million.

• EBITDA declined to €54.1 million from €61.1 million year-over-year.

• FY 2025 consolidated direct sales: €348.3 million, up 0.43% year-over-year.

• Gross margin: €163.3 million (46.88% of sales), up from €152.7 million (44.02%) in 2024.

• EBIT: €5.97 million, down from €42.1 million in 2024.

Outlook and guidance

• Dividend proposal of €0.16 per share, maintaining the previous year's level.

• FY2026 buy-back proposal up to €30 million, consistent with prior years.

• Economic and geopolitical uncertainty may impact global markets and trade flows.

• Focus on brand portfolio enhancement, selective market development, and strengthening direct/digital channels.

• Positive early 2026 sales trends, supported by new brand integrations.