Tonies (TNIE) Q4 2025 TU earnings summary

Executive summary

• Achieved upper end of FY 2025 guidance, driven by portfolio expansion and internationalization, with record adjusted EBITDA margin despite a challenging macroenvironment.

• Double-digit revenue growth in all markets, with half of annual revenue generated in Q4 due to strong product launches and commercial events.

Financial highlights

• Group revenue increased 31% year-over-year to EUR 630m, exceeding guidance of over EUR 600m.

• Adjusted EBITDA margin reached around 8.5%, up from 7.5% in 2024.

• Q4 2025 revenue rose 31% year-over-year to EUR 313m, outpacing full-year growth.

Outlook and guidance

• Current momentum and successful product launches provide a strong foundation for continued profitable growth in 2026.