Delticom (DEX) Q3 2025 earnings summary

Executive summary

• Revenues for the first nine months of 2025 increased by 8% year-over-year to €343 million, with gross merchandise volume up 8.4% to €422 million.

• Operating EBITDA for 9M 2025 was €6.6 million, down from €10.6 million in 9M 2024, impacted by negative currency effects and inflationary costs.

• Net income for the period was negative at €-3.2 million, compared to €-1.5 million in the prior year.

• Revenues forecast for the full year 2025 has been raised to €490–510 million, with operating EBITDA guidance confirmed at €19–21 million.

Financial highlights

• Gross profit for 9M 2025 was €99.7 million, up 3.4% year-over-year.

• Gross margin declined to 24.6% from 26.3% in 9M 2024.

• EBITDA margin fell to 1.8% from 2.7% year-over-year.

• EBIT dropped to €-2.0 million from €1.2 million, affected by a €1.2 million unscheduled write-down.

• Earnings per share decreased to €-0.22 from €-0.10 year-over-year.

Outlook and guidance

• Full-year 2025 revenues are now expected between €490 million and €510 million, up from the previous forecast of €470–490 million.

• Operating EBITDA for the year is expected to reach the previously forecasted range of €19–21 million.

• The fourth quarter is expected to be decisive for full-year profitability.