Gr Sarantis (SAR) Q3 2025 TU earnings summary

Executive summary

• Nine-month 2025 net sales reached €448.5m, a 0.8% decrease year-over-year, with branded business outperforming private label.

• Profitability improved, with EBITDA up 7.9% to €68.0m and EBIT up 7.4% to €51.7m compared to the same period last year.

• Focus on cost discipline and operational excellence drove margin expansion despite softer demand in some markets.

• International growth initiatives, including US expansion with new SKUs, are progressing and supporting future growth.

Financial highlights

• Net sales for 9m 2025 were €448.5m, down 0.8% from €452.0m in 9m 2024.

• EBITDA increased to €68.0m from €63.0m, a 7.9% rise year-over-year.

• EBIT rose to €51.7m, up 7.4% from €48.1m in 9m 2024.

• EBT reached €50.3m, a 10.9% increase from €45.4m in the prior year.

• Net debt reduced to €4.9m as of September 30, 2025, from €12.4m a year earlier.

Outlook and guidance

• Management remains focused on delivering full-year 2025 profitability guidance as previously indicated.

• Priorities for the final quarter include disciplined execution, safeguarding profitability, and driving sustainable growth.