Compagnia dei Caraibi (TIME) H2 2025 earnings summary

Executive summary

• 2025 marked a year of major transformation, with a strategic refocus on core premium distribution, brand building, and omnichannel development, alongside significant organizational streamlining and portfolio reshaping.

• The company faced a challenging market, but actions taken are expected to improve efficiency and sustainability over the medium term.

Financial highlights

• Consolidated value of production fell 38.1% year-over-year to €36.8M, mainly due to terminated distribution agreements.

• EBITDA was negative at €1.8M (margin -4.9%), down from a positive €145K in 2024.

• EBIT was -€3.6M (margin -9.8%), compared to -€2.3M in 2024.

• Net loss widened to €4.6M from €2.1M in 2024.

• Net financial position improved to -€9.8M from -€11.0M year-over-year.

• Shareholders’ equity turned negative at -€2.8M, down from €1.5M.

Outlook and guidance

• 2026 is expected to remain volatile with weak consumption in premium beverage segments.

• Continued focus on operational efficiency, financial sustainability, and core portfolio value enhancement.

• Ongoing investment in brand portfolio and omnichannel model, with selective international expansion.