Belysse Group (BELYS) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 consolidated group revenue was €60.6m, representing a 10.9% year-over-year decline.

• Weak market demand in the European residential segment and lower US project-driven volumes impacted results.

• Unfavorable exchange rates further pressured revenue, while European commercial sales remained stable.

Financial highlights

• Organic revenue declined by 7.2% year-over-year; FX impact contributed an additional -3.7%.

• Adjusted consolidated group EBITDA was below Q3 2024, mainly due to adverse USD translation and lower volumes.

• Higher unitary margins in both US and Europe partially offset the decline.

• Fixed expenses for the quarter were lower than the prior year.

Outlook and guidance

• Next scheduled announcement is the full year 2025 results, expected in early March 2026.