Piquadro (PQ) H2 24/25 earnings summary

Executive summary

• Consolidated revenue for the year ended March 31, 2025, reached €183.6 million, up 1.9% year-over-year.

• Net profit rose 10% to €11.6 million compared to the previous year.

• EBIT increased by 10.4% to €16.4 million, while EBITDA was €31.4 million, slightly down from €32.0 million.

• The group demonstrated resilience amid a volatile economic and geopolitical environment, with strong brand performance and successful restructuring at Lancel.

Financial highlights

• EBITDA adjusted (excluding IFRS 16 effects) was €19.3 million, marginally down from €19.6 million.

• Net financial position was negative at €30.2 million, mainly due to IFRS 16 lease liabilities; adjusted net financial position was positive at €12.9 million, down from €16.8 million.

• Equity increased to €68.8 million from €64.7 million.

• Return on sales (ROS) improved to 8.92% from 8.23%; ROE rose to 16.83% from 16.27%.

Outlook and guidance

• Management expects higher growth rates and improved profitability in the next fiscal year, leveraging brand strengths and ongoing investments in R&D and digital.

• Early months of the new fiscal year show encouraging trends in retail and e-commerce.

• The board proposes a total dividend payout of €7 million, including a special dividend.