Logista Integral (LOG) Q3 2025 earnings summary

Executive summary

• Revenue rose 4.8% year-over-year to €9,937 million for the first nine months of 2025, with growth in Iberia and Italy offsetting declines in France.

• Economic Sales increased 3.3% to €1,361 million, driven by improvements in Iberia and Italy.

• Adjusted EBIT declined 1.1% to €287 million, with margin on Economic Sales dropping to 21.1% from 22.0%.

• Net profit fell 9.7% to €214 million, impacted by lower financial results and higher tax rate.

• The period was marked by complex macroeconomic and geopolitical conditions, including ongoing conflicts and monetary policy shifts.

Financial highlights

• Revenue: €9,937 million (+4.8% year-over-year); Economic Sales: €1,361 million (+3.3%).

• Adjusted EBIT: €287 million (–1.1%); EBIT: €245 million (–1.7%).

• Net profit: €214 million (–9.7%); EPS: €1.62 (vs. €1.80 last year).

• EBITDA stable at €376 million; normalized cash flow down 13% to €223 million.

• Interim dividend of €0.56/share approved, matching prior year; total 2024 dividend was €2.09/share.

Outlook and guidance

• Adjusted Operating Profit (including inventory impact) expected to align with market expectations for FY2025.

• Excluding inventory impact, Adjusted Operating Profit anticipated to be slightly below FY2024 due to weaker transport results.

• Commitment to maintain at least the same dividend as 2024 (€2.09/share) for FY2025.

• Strategic focus remains on growth, diversification, and potential acquisitions.