SMG Swiss Marketplace Group (SMG) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 increased to CHF 161.5 million, up from CHF 141.2 million year-over-year.

• Profit after tax rose to CHF 28.2 million from CHF 22.0 million, with comprehensive income reaching CHF 28.5 million.

• Adjusted EBITDA grew to CHF 87.6 million, compared to CHF 65.2 million in the prior year period.

• Dividend of CHF 24.45 per share was distributed, totaling CHF 59.99 million.

Financial highlights

• Operating profit before depreciation, amortisation, and impairment was CHF 64.7 million, up from CHF 57.4 million year-over-year.

• Earnings per share increased to CHF 11.48 from CHF 8.99.

• Cash flow from operating activities was CHF 81.7 million, up from CHF 55.1 million.

• Total assets stood at CHF 1,319.3 million, with equity of CHF 867.8 million as of 30 June 2025.

Outlook and guidance

• Share-based compensation and personnel expenses reflect preparations for a potential IPO, with revised valuation models and higher fair value assumptions.

• Management expects continued recognition of share-based compensation expenses through at least September 2026.