Groupe LDLC société anonyme (ALLDL) investor relations material

Executive summary

• Consolidated full-year revenues rose 3.7% to €554.1m for 2025/2026, with record profit margins outside the COVID period.

• Gross margin rate reached 24.5%, exceeding the normalized group range, driven by business mix changes and inventory management.

• EBITDA surged to €24.2m, up €22.7m year-over-year, reflecting improved margins and cost measures.

• Net income turned positive at €10.2m, a €21.1m increase from the prior year’s loss.

• Proposed dividend of €0.73 per share, implying a 6.3% yield based on the average share price.

Financial highlights

• Gross margin increased by 3.4 percentage points year-over-year to 24.5%, totaling €135.6m.

• EBITDA margin improved to 4.4% from 0.3% the previous year.

• Operating earnings (EBIT) reached €15.5m, reversing a €7.3m loss in 2024/2025.

• Net financial expense rose to €2.6m, mainly due to non-recurring non-cash provisions.

• Cash and cash equivalents stood at €7.1m, with net debt increasing to €42.2m due to inventory build-up.

Outlook and guidance

• Revenues are expected to decline in the current year due to delayed product launches and continued price pressures, but this is seen as a temporary sales deferral.

• EBITDA margin is expected to be preserved through disciplined management, cost optimization, and inventory control.

• Normalized gross margin range raised to 22-23% for 2026/2027.

• Medium-term growth expected from new product releases and AI-related developments, especially in BtoB and marketplace segments.