Largo (ALLGO) Q4 2025 TU earnings summary

Executive summary

• Annual revenue for 2025 reached €32.4M, reflecting the impact of a completed strategic reorganization and a focus on profitable product lines.

• Operator channel delivered a record year, becoming the main revenue contributor with 68% share, over €22M.

• Digital channel sales declined due to product range changes, while the company maintained commercial momentum in Q4 2025.

Financial highlights

• 2025 revenue of €32.4M, down 7% year-over-year from €34.8M in 2024.

• Q4 2025 revenue slightly increased versus Q4 2024, despite overall annual decline.

• Digital sales: largo.fr up 28% to €2.3M; marketplace sales down 38% to €4.2M.

Outlook and guidance

• 2026 expected to see strong commercial momentum, with January and February projected as historic months.

• Full-year impact of cost reductions and client portfolio growth anticipated to drive significant profitability improvement in 2026.