LuxExperience B.V. (LUXE) Q3 2025 earnings summary

Executive summary

• LuxExperience, formerly Mytheresa, completed the acquisitions of Hughes & La Porte and YOOX NET-A-PORTER, rebranding as a leading global digital luxury multi-brand group with combined net sales of approximately €3 billion.

• Q3 FY25 results showed net sales growth of 3.8% year-over-year to €242.5 million, with strong US expansion and high customer engagement, including an NPS of 86.0%.

• The business model emphasizes full-price sales, high repurchase rates, exclusive brand partnerships, and unique customer experiences to drive profitable growth.

• The US market now represents 22% of GMV, with top customer GMV per capita up 17.9% year-over-year.

• Completed integration of NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET under LuxExperience.

Financial highlights

• Q3 FY25 GMV reached €261.3 million, up 3.8% year-over-year; net sales for the nine months ended March 31, 2025, were €667.2 million, up 8.0%.

• Gross profit margin improved to 44.8% in Q3 FY25, up 140bps year-over-year; nine-month gross profit margin was 46.6%.

• Adjusted EBITDA for Q3 FY25 was €9.3 million (3.9% margin); nine-month adjusted EBITDA was €28.4 million (4.3% margin).

• Adjusted net income for Q3 FY25 was €5.4 million (2.2% margin); nine-month adjusted net income was €21.4 million (3.2% margin).

• Positive operating cash flow of €18.7 million in Q3 FY25; cash and cash equivalents stood at €14.2 million as of March 31, 2025.

Outlook and guidance

• FY25 guidance for legacy Mytheresa: GMV and net sales growth at the lower end of 7–13% range; adjusted EBITDA margin between 3% and 5%.

• YOOX NET-A-PORTER and Hughes & La Porte acquisitions expected to add €300–350 million net sales and an adjusted EBITDA loss of €20–30 million in FY25.

• Medium-term target for the combined group: €4 billion net sales and 7–9% adjusted EBITDA margin.