LEGO (LEGO) H1 2025 earnings summary

Executive summary

• Achieved double-digit growth in both revenue and net profit for H1 2025, outpacing the global toy market.

• Consumer sales rose 13%, driven by a broad and innovative product portfolio.

• Expanded global presence with a new factory in Vietnam and a new Americas head office in Boston.

• Continued significant investment in sustainability and digitalisation initiatives.

Financial highlights

• Revenue increased 12% year-over-year to DKK 34.6 billion, a record high.

• Operating profit rose 10% to DKK 9.0 billion; net profit also up 10% to DKK 6.5 billion compared to H1 2024.

• Cash flow from operating activities was DKK 5.9 billion, down from DKK 7.5 billion last year due to timing and higher tax payments.

• Free cash flow was DKK 1.7 billion, impacted by high investment levels.

Outlook and guidance

• Ongoing investments in capacity expansions and strategic initiatives to support future growth.

• On track to meet full-year sustainability targets, including 60% of purchased materials from sustainable sources.