Gens Aurea (OROX) H2 2025 earnings summary

Executive summary

• Revenue grew sharply to €836.3M in 2025, up 95% year-over-year, driven by expansion in gold trading and retail segments.

• Net profit more than doubled to €67.9M in 2025 from €34.0M in 2024, reflecting operational leverage and scale.

• Major acquisitions in 2024–2025 (F.B. S.r.l., Alphagold, Di.Da. S.r.l.) expanded e-commerce and retail footprint.

• IPO process initiated in March 2026 for Euronext Milan listing.

Financial highlights

• Revenue: €836.3M in 2025 (+95% YoY), €428.2M in 2024, €246.3M in 2023.

• Net income: €67.9M in 2025, €34.0M in 2024, €13.8M in 2023.

• Operating profit: €93.7M in 2025, €48.0M in 2024, €19.2M in 2023.

• Total assets: €231.8M at 2025 year-end, up from €135.5M in 2024.

• Cash and cash equivalents: €54.2M at 2025 year-end.

Outlook and guidance

• Management expects continued growth from recent acquisitions and e-commerce expansion.

• Ongoing monitoring of market risks, including gold price volatility and inflation.