KEY HIGHLIGHTS
-- Strong performance increase of LuxExperience1 with Net Sales +7.6%
ex-FX (+6.1% reported at EUR653.6 million) in Q4 FY26 vs. Q4 FY25 and
significantly improved Adjusted EBITDA margin at 2.1% in Q4 FY26
-- All segments with accelerated performance as Net Sales ex-FX grew by
+10.2% for Mytheresa, +5.6% for NAP & MRP and +6.6% for YOOX in Q4 FY26
vs. Q4 FY 25 and all segments reported Adjusted EBITDA profitability
improvements in Q4 FY26
-- Strong Customer Economics: Strong growth of GMV per Top Customer at
Mytheresa (+4.8%) and NAP & MRP (+9.4%) in Q4 FY26 vs. Q4 FY25. In FY26,
Top Customers represented 4.8% and 4.3% of customers, driving 48.4% and
49.1% of GMV at Mytheresa and NAP&MRP, respectively
-- Transformation plan in full gear with Adjusted SG&A cost ratio
decreasing in the course of FY 26 by 430bps from 21.9% in Q1, 19.1% in Q2
and 18.3% Q3 to 17.6% in Q4 FY26. In FY26, Acquisition-adjusted SG&A
expenses2 decreased by EUR55 million, or -9.9% compared to FY25
-- Positive cash flow from operating activities in Q4 FY26 and strong net
cash position above expectations: Cash and cash investments of EUR442.7
million and balance sheet bank debt-free at the end of Q4 FY26
-- Guidance for accelerated growth in FY27: LuxExperience expects strong
top-line growth acceleration and significant profitability improvement
with Net Sales to grow by +MSD% to +HSD% and an Adjusted EBITDA margin at
around 2% to 3% in FY27
-- Authorization for share repurchase program: On September 3, 2026,
management received the authorization for a share repurchase program of
up to $50 million of ADRs
MUNICH--(BUSINESS WIRE)--September 16, 2026--
LuxExperience B.V. $(LUXE)$ (the "Company"), today announced its financial results for its fourth quarter and full year 2026 ended June 30, 2026. The leading luxury multi-brand digital platform reported strong top-line development in Q4 FY26 and continued profitability on Adjusted EBITDA level for the third consecutive quarter.
In Q4 FY26, Mytheresa again outperformed the industry with double-digit Net Sales growth ex-FX and demonstrated increasing profitability. For the first time since the acquisition, NET-A-PORTER and MR PORTER combined delivered top-line growth in Q4 FY26 vs. Q4 FY25 and a positive Adj. EBITDA in Q4 FY26, driven by a strategic focus on full-price selling, customer engagement, and cost discipline. For Q4 FY26 vs. Q4 FY25, YOOX achieved positive top-line growth as a result of the strategic focus on the healthy core of the business with a leaner operating model.
Michael Kliger, Chief Executive Officer of LuxExperience, said, "We are very pleased with our Q4 FY26 and full FY26 results. The results of Q4 FY26 underline the tremendous progress we have achieved in our transformation plan in just the last 12 months. Mytheresa again set the gold standard in the fourth quarter in terms of high growth and profitability. NET-A-PORTER and MR PORTER combined achieved a clear turnaround, also delivering topline growth and profitability. YOOX is in high gear to achieve the same, delivering a topline growth while losses were cut almost in half compared to Q4 FY25. We have proven that at LuxExperience we possess the secret sauce in digital luxury. The strength of our businesses is based on resilient business models and superior customer economics."
Kliger continued, "With the tremendous progress made in the past twelve months and the strong business momentum in Q4 of FY26, we are clearly on track to our medium-term targets of Group Net Sales of EUR4 billion and an Adjusted EBITDA margin of 7% to 9%. For full FY27, we expect accelerated topline growth and further increased Group Adjusted EBITDA margin. As a Group, we are perfectly positioned to benefit from the sustained growth of digital luxury and the improvements in the global luxury sector."
__________________________________________ (1) Basis of Presentation: (a) References to "LuxExperience" refers to LuxExperience B.V., including its consolidated subsidiaries." (b) Unless otherwise indicated, the financial and operating measures presented in this release are presented on a Total Segments basis. Total Segments represent the aggregate of the corresponding amounts for each of LuxExperience's reportable segments -- Luxury Mytheresa, Luxury NAP & MRP, and Off-Price YOOX -- and exclude "Other". (c) The comparative FY25 period is presented on an illustrated basis. For further information, please see "Illustrative key operating and financial metrics by segment" below. (2) Acquisition-adjusted SG&A expenses is Adjusted SG&A expenses further adjusted to include IT development expenses that were capitalized in the FY25 comparative period to enable a like for like comparison, as we discontinued this practice in FY26. In FY25, EUR 27.6 million were included for LuxExperience (EUR 19.4 million can be attributed to NAP&MRP and EUR 8.2 million to YOOX).
FINANCIAL HIGHLIGHTS FY 2026
Amounts in EUR million are reported figures unless stated otherwise. Illustrative and quarterly figures are unaudited.
LUXEXPERIENCE
(illustrative)
-- Q4 FY26 Net Sales increased +7.6% ex-FX (+6.1% reported at EUR653.6
million) and FY26 Net Sales were up +3.2% ex-FX (-0.6% reported at
EUR2,474.2 million)
-- Adjusted SG&A cost ratio improved 430bps from 21.9% in Q1, 19.1% in Q2,
and 18.3% in Q3 to 17.6% in Q4 FY26. For FY26, Acquisition-adjusted SG&A
expenses decreased by EUR55 million or -9.9% compared to FY25
-- Third consecutive quarter of positive Adjusted EBITDA profitability,
reaching EUR13.6 million and an Adjusted EBITDA margin of 2.1% in Q4
FY26. For FY26 vs. FY25, Acquisition-adjusted EBITDA3 significantly
increased by +EUR63.8 million to EUR10.8 million, with an
Acquisition-adjusted EBITDA margin increasing 260bps to 0.4%
-- Cash flow from operating activities in FY26 was at EUR-108.4 million,
significantly below the expected EUR-120 million
-- Strong cash position with cash and cash investments of EUR442.7 million
and balance sheet bank debt-free as of June 30, 2026
__________________________________________
(3) Acquisition-adjusted EBITDA is Adjusted EBITDA reflecting the effects of
Acquisition-adjusted SG&A rather than Adjusted SG&A.
LUXURY | MYTHERESA
-- In Q4 FY26 vs. Q4 FY25, Net Sales increased +10.2% ex-FX (+8.1%
reported at EUR269.2 million), driven by strong growth of +39.3% ex-FX in
the United States (+30.3% reported). Strong double-digit Net Sales growth
in FY26 of +11.5% ex-FX (+8.5% reported at EUR994.3 million)
-- Q4 FY26 vs. Q4 FY25 Gross Profit margin increased 150bps to 49.7% and
FY26 Gross Profit margin grew 150bps compared to FY25 to 48.5%, driven by
persistent focus on full-price sales
-- In Q4 FY26 vs. Q4 FY25, Adjusted EBITDA increased +10.9% or +EUR1.8
million to EUR17.9 million, with Adjusted EBITDA margin expanding 20bps
to 6.6%. For FY26, strong adjusted EBITDA growth of +39.8% or +EUR17.7
million to EUR62.3 million, reaching an adjusted EBITDA margin of 6.3%
compared to 4.9% in FY25
LUXURY | NAP & MRP
(illustrative)
-- In Q4 FY26 vs. Q4 FY25, Net Sales were up +5.6% ex-FX (+4.3% reported
at EUR273.9 million), driven by strong growth in the United States of
+15.1% ex-FX (+13.4% reported). For FY26, positive Net Sales growth of
+0.5% ex-FX (-4.6% reported at EUR994.8 million) compared to FY25
-- Sequential improvement of Gross Profit Margin by 160bps to 48.3% in H2
FY26 compared to H1 FY26. For FY26, Gross Profit Margin increased by
170bps compared to FY25 to 47.5%, underlining focus on full-price sales
and reduced discounting activities
-- In Q4 FY26, the Adjusted SG&A cost ratio improved 500bps compared to Q4
FY25 to 19.5% reflecting clear progress of the transformation plan. For
FY26 vs. FY25, Acquisition-adjusted SG&A costs decreased -11.0% or by
-EUR29.8 million on an absolute basis, and Acquisition-adjusted SG&A cost
ratio4 decreased 160bps to 23.1%
-- Significantly improved Adjusted EBITDA in Q4 FY26 was up +EUR6.4
million compared to Q4 FY25 to reach EUR7.4 million, with Adjusted EBITDA
margin expansion of 230bps to 2.7% in Q4 FY26. Sequential improvement of
Adjusted EBITDA margin to 1.2% in H2 FY26 compared to -2.5% in H1 FY26
__________________________________________
(4) Acquisition-adjusted SG&A cost ratio is Acquisition-adjusted SG&A expenses
as a % of GMV.
OFF-PRICE | YOOX
(illustrative)
-- In Q4 FY26, Net Sales grew +6.6% ex-FX (+5.6% reported at EUR110.5
million), driven by continued growth in Europe (excluding the U.K.) of
+22.7% reported compared to Q4 FY25
-- In H2 FY26, Acquisition-adjusted SG&A cost ratio improved significantly
by 560bps from 29.4% in H2 FY25 to 23.8%. This equals absolute cost
savings of EUR17.5 million or a decrease by -23.3% of
Acquisition-adjusted SG&A expenses. Throughout FY26 the cost ratio
improved sequentially by 440bps from 28.1% in H1 FY26 to 23.8% in H2
FY26
-- In Q4 FY26, Adjusted EBITDA margin improved significantly by 920bps to
-10.5%. For FY26, Acquisition-adjusted EBITDA improved by +EUR34.7
million to -EUR45.5 million, with an Acquisition-adjusted EBITDA margin
of -9.4% compared to -15.2% in FY25
KEY BUSINESS HIGHLIGHTS
LUXEXPERIENCE
-- Successful Go-live of new ERP system at NAP & MRP on July 1, 2026
following successful update at Mytheresa
-- Rollout of Mytheresa invoicing solution to NAP & MRP
-- Successful Go-live of new group-wide customer messaging system at NAP &
MRP
-- Rollout of Mytheresa customer service system to NAP & MRP and YOOX
-- End of TSA to buyer of the OUTNET assets
LUXURY | MYTHERESA
-- 14 high-impact Top Customer activations and six true "money can't buy"
experiences, including Zimmermann in Lake Como, Dolce & Gabbana in
Sardinia, and Brioni in Amalfi in Q4 FY26
-- Launch of 11 exclusive capsule collections and 4 exclusive pre-launches
or exclusive styles campaigns in Q4 FY26; New launch of prestigious
luxury brands Piaget and Fendi on Mytheresa
-- Further increased customer economics in Q4 FY26: GMV per Top Customer
up +4.8%, Top Customer count up +18.0% and Average Order Value $(LTM)$ up
13.1% (reported) to EUR875
LUXURY | NAP & MRP(5)
-- 36 editorial campaigns for exclusive brand and product launches with
brands such as Chloe, Khaite, Carolina Herrera, Tom Ford, Brunello
Cucinelli and Celine amongst others in Q4 FY26
-- 11 unique EIP experiences at NET-A-PORTER with brand partners such as
KHAITE, Chloé, Carolina Herrera, Gucci and Schiaparelli in the
United States and Europe and 6 unique EIP experiences at MR PORTER with
brand partners including Zegna and Ralph Lauren in Q4 FY26
-- Sequential growth in Top Customer count in Q4 FY26 vs. Q3 FY26 with
+3.2%, alongside strong increase in GMV per Top Customer of +9.4% and
increase of Average Order Value (AOV) LTM by +9.1% (reported) to EUR885
in Q4 FY26 vs. Q4 FY25
OFF-PRICE | YOOX(5)
-- YOOX leveraged its 26th Anniversary to drive community engagement,
consideration and new customer registrations through flagship community
events in Milan and Forte dei Marmi and an integrated campaign
-- Strong growth in GMV per top customer of +12.3% and significant
increase of the Net Promoter Score by +1,520bps to 49.1 in Q4 FY26 vs. Q4
FY25
__________________________________________
(5) Comparative periods to April 23, 2025 are shown on an illustrative basis.
GUIDANCE FY 2027
For the full fiscal year ending June 30, 2027, LuxExperience expects strong top-line growth acceleration and significant profitability improvement with
-- Net Sales to grow by +MSD% to +HSD%; and -- Adjusted EBITDA margin at around 2% to 3%
On a segment basis, we expect for the Luxury | Mytheresa segment continued top-line momentum with high single-digit to low double-digit net sales growth and profitability slightly above full FY26 levels. The Luxury | NAP & MRP is expected to grow its net sales at a mid-single-digit percentage rate, accompanied by a 100 to 200 basis point expansion in Adjusted EBITDA margin compared to full FY26. The Off-price | YOOX segment is anticipated to grow its net sales at a mid-single-digit percentage rate, with an Adjusted EBITDA margin expected to remain in the negative mid-single-digit range.
LuxExperience reconfirms its medium-term annual growth rates of 10-15% and targets of EUR4 billion Net Sales with an underlying Adjusted EBITDA margin of 7% to 9%, expecting an annual 150 to 250bps increase in Adjusted EBITDA margin after FY27.
The foregoing forward-looking statements reflect LuxExperience's expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. LuxExperience does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.
AUTHORIZATION FOR SHARE REPURCHASE PROGRAM
On September 3, 2026, management received the authorization for the repurchase of up to $50 million of our ADRs, which may be effected from time to time through accelerated share repurchase arrangements at such times, at such prices, and in such amounts as management may determine in its sole discretion, subject to market conditions, applicable legal and regulatory requirements, and other factors. The authorization does not obligate us to repurchase any ADRs or any particular amount and may be suspended, modified, or discontinued at any time without prior notice; there can be no assurance as to the timing, volume, or price of any repurchases, or that any repurchases will occur at all.
CONFERENCE CALL AND WEBCAST INFORMATION
LuxExperience will release fourth quarter and full fiscal year 2026 financial results before the U.S. market open on September 16, 2026. A conference call to discuss its results will follow at 8:00am Eastern Time that same day.
Event: LuxExperience Fourth Quarter and Full Fiscal Year 2026 Earnings Conference Call
Event Date: September 16, 2026
Event Time: 8:00am ET
Webcast: Please follow the link
A webcast replay will be available on LuxExperience's investor relations website at investors.luxexperience.com
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to financing activities; future sales, expenses, and profitability; future development and expected growth of our business and industry; our ability to execute our business model and our business strategy; having available sufficient cash and borrowing capacity to meet working capital, debt service and capital expenditure requirements for the next twelve months; and projected capital spending. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate, " "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements are only predictions. Actual events or results may differ materially from those stated or implied by these forward-looking statements. In evaluating these statements and our prospects, you should carefully consider the factors set forth below.
The risk that the completed YNAP acquisition and the post-acquisition integration could have an adverse effect on the ability of YNAP to retain customers and retain and hire key personnel and maintain relationships with their brand partners and customers and on their operating results and businesses generally; the risk that problems may arise in successfully integrating the businesses of YNAP and Mytheresa, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve cost-cutting synergies or that it may take longer than expected to achieve those synergies; LuxExperience's ability to effectively compete in a highly competitive industry; LuxExperience's ability to respond to consumer demands, spending and tastes; foreign currency exchange rate fluctuations; general economic conditions, including economic conditions resulting from deteriorating geopolitical and macroeconomic conditions, such as the recent global trade war, that may adversely impact consumer demand; The ongoing conflict involving Iran and the related disruption to shipping through the Strait of Hormuz, and their effects on energy prices, supply chain costs, and heightened macroeconomic uncertainty that may adversely affect consumer confidence and spending; LuxExperience's ability to acquire new customers and retain existing customers; consumers of luxury products may not choose to shop online in sufficient numbers; the volatility and difficulty in predicting the luxury fashion industry; LuxExperience's reliance on consumer discretionary spending; and LuxExperience's ability to maintain average order levels and other factors.
We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.
You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made.
Further information on these and other factors that could affect our financial results is included in filings we make with the U.S. Securities and Exchange Commission ("SEC") from time to time, including the section titled "Risk Factors" included in the Form 20-F filed on September 16, 2026. These documents are available on the SEC's website at www.sec.gov and on the SEC Filings section of the Investor Relations section of our website at: https://investors.luxexperience.com.
The acquisition of YOOX Net-A-Porter Group S.p.A. ("YNAP") (together with its subsidiaries, "YNAP Sub-Group") by LuxExperience B.V. was completed on April 23, 2025 ("YNAP Acquisition"). The results of YNAP are included within the consolidated financial statements of LuxExperience Group for the period beginning on the date of the acquisition through the end of the respective period presented and the results of Mytheresa are included for the entirety of all periods presented.
ABOUT NON-IFRS FINANCIAL MEASURES AND OPERATING METRICS
Our non-IFRS financial measures include:
-- Adjusted EBITDA means Net income (loss) from continuing operations
before the effects of Finance income (costs), net, Income tax (expense)
benefit and Depreciation, amortization and impairment losses, further
adjusted to exclude other transaction-related, certain legal and other
expenses, share-based compensation expense, foreign exchange gains and
losses arising on intercompany balances and the gain on bargain purchase.
Adjusted EBITDA margin means Adjusted EBITDA expressed as a percentage of
Net sales. Both are non-IFRS financial measures and are not calculated in
accordance with IFRS. For an explanation of why we use these measures and
a reconciliation of Adjusted EBITDA to Net income (loss) from continuing
operations, the most directly comparable IFRS measure, see Item 5:
Operating and financial review and prospects--A. Operating Results.
-- Adjusted selling, general and administrative expenses (Adjusted SG&A)
is a non-IFRS financial measure that we calculate as selling, general and
administrative expenses adjusted to exclude Other transaction-related,
certain legal and other expenses and Share-based compensation expense.
-- Gross Merchandise Value (GMV) is an operative measure and means the
total Euro value of orders processed. GMV is inclusive of merchandise
value, shipping and duty. It is net of returns, value added taxes and
cancellations. GMV does not represent revenue earned by us. We use GMV as
an indicator for the usage of our platform that is not influenced by the
mix of direct sales and commission sales. The indicators we use to
monitor usage of our platform include, among others, active customers,
total orders shipped and GMV.
-- Gross Merchandise Value (GMV) and Net Sales Growth on a constant
currency basis (ex-FX) are non-IFRS financial measures that are
calculated by translating current period financial data at the prior year
average exchange rates applicable to the local currency in which the
transactions are denominated, including effects from hedge accounting. We
use constant currency information to provide us with a picture of
underlying business dynamics, excluding currency effect. These
calculations do not include any other macroeconomic effect such as local
currency inflation effects or any price adjustment to compensate local
currency inflation or devaluations. While we believe that constant
currency information may be useful to investors in understanding and
evaluating our results of operations in the same manner as our management,
our use of constant currency metrics has limitations as an analytical
tool, and you should not consider it in isolation, or as an alternative
to, or a substitute for analysis of our financial results as reported
under IFRS. Further, other companies, including companies in our industry,
may report the impact of fluctuations in foreign currency exchange rates
differently, which may reduce the value of our constant currency
information as a comparative measure.
-- Illustrative key operating and financial metrics by segment are
non-IFRS financial measures that we present for the comparative period FY
25 by combining the IFRS results of LuxExperience for FY 25, which
includes the results from the YNAP acquired segments (Luxury: NAP & MRP
and Off-Price) only from April 24, 2025, with YNAP's unaudited standalone
results from July 1, 2024 through April 22, 2025. These measures are
provided for illustrative purposes only and do not purport to represent
what the actual consolidated results of operations or consolidated
financial condition would have been had the acquisition actually occurred
on the date indicated, nor do they purport to project the future
consolidated results of operations or consolidated financial condition
for any future period or as of any future date. In addition, these
measures have not been prepared in accordance with Article 11 of
Regulation S-X.
We are not able to forecast net income (loss) on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect net income (loss), including, but not limited to, Income taxes and Interest expense and, as a result, are unable to provide a reconciliation to forecasted Adjusted EBITDA.
SEGMENT REALIGNMENT
Beginning with the first quarter ended September 30, 2025, LuxExperience Group has realigned its reportable segments to correspond with changes to its operating model to reflect its new management structure and organizational responsibilities following the acquisition of YNAP. As further described herein, LuxExperience's three reportable segments are: Luxury | Mytheresa, Luxury | NAP & MRP, and Off-price | YOOX. THE OUTNET is classified as "discontinued operations" and is no longer considered part of LuxExperience Group's core financial performance.
ABOUT LUXEXPERIENCE
LuxExperience is the leading digital, multi-brand luxury group and the online shopping destination for luxury enthusiasts worldwide. LuxExperience operates a portfolio of some of the most distinguished store brands in digital luxury and creates communities for luxury enthusiasts with unique digital and physical experiences. Mytheresa, NET-A-PORTER and MR PORTER, jointly comprising the luxury segments of LuxExperience, offer highly curated edits of the most prestigious luxury brands across the world, featuring womenswear, menswear, kidswear, fine jewelry & watches, and lifestyle products. YOOX, which forms the off-price segment of LuxExperience, is the leading destination for multi-brand off-season online luxury shopping. The NYSE listed group operates worldwide.
For more information, please visit https://investors.luxexperience.com.
LuxExperience B.V.
Illustrative key operating and financial metrics by segment for the
three months and twelve months ended June 30, 2025 and 2026
The following illustrative segment information for Luxury | Mytheresa, Luxury | NAP & MRP and Off-Price | YOOX is presented as if these segments had been included in LuxExperience Group's management reporting for the three months and twelve months ended June 30, 2025. These segments were not presented in the Company's unaudited quarterly report for the three and twelve months ended June 30, 2025 as the YNAP Group was acquired on April 23, 2025, and therefore was not owned by the Company during the full prior year comparative period presented. The following segment information should not be viewed as a substitute for LuxExperience Group's segment reporting. Further, the segment information presented here is not necessarily indicative of LuxExperience Group's results to be expected for any future periods.
THE OUTNET, which was previously managed and monitored as a separate major line of business within the Off-Price segment, has been classified as a discontinued operation in accordance with IFRS 5 for the three and twelve months ended June 30, 2026. Accordingly, financial performance for this period has been excluded from the Off-Price segment and is reported separately within discontinued operations. Further information on THE OUTNET and the related discontinued operations presentation can be found in Note 32 within the notes to the financial statements.
The following table shows our operating and financial metrics for Luxury | Mytheresa segment for the three months and twelve months ended June 30, 2025 and 2026. For the periods presented, these figures represent actual results and are not illustrative in nature.
Three Months Ended Twelve Months Ended
------------------------------- ---------------------------------
June June June June
(in millions) 30, 30, Change in 30, 30, Change in
(unaudited) 2025 2026 % / BPs 2025 2026 % / BPs
------------------- ----- ----- --------- ----- ------- ---------
Gross Merchandise
Value (GMV) (1) 265.9 290.9 9.4% 988.5 1,085.3 9.8%
Active customer (LTM
in thousands) (1),
(2) 823 774 (6.0)% 823 774 (6.0)%
Total orders shipped
(LTM in thousands)
(1), (2) 2,017 2,013 (0.2)% 2,017 2,013 (0.2)%
Average order value
(LTM) (2) 773 875 13.1% 773 875 13.1%
Net sales 248.9 269.2 8.1% 916.1 994.3 8.5%
Gross profit 120.1 133.8 11.4% 430.9 482.4 12.0%
Gross profit
margin(3) 48.3% 49.7% 150BPs 47.0% 48.5% 150BPs
Adjusted EBITDA(4) 16.1 17.9 10.9% 44.6 62.3 39.8%
Adjusted EBITDA
margin(3) 6.5% 6.6% 20BPs 4.9% 6.3% 140BPs
(1) Definition of GMV, Active customer and Total orders shipped can be found
in Item 5 of our annual report.
(2) Active customers and total orders shipped are calculated based on orders
shipped from our sites during the last twelve months (LTM) ended on the
last day of the period presented.
(3) As a percentage of net sales.
(4) EBITDA and adjusted EBITDA are measures not defined under IFRS. For
further information about how we calculate these measures and
limitations of its use, see Item 5 in our annual report.
The following table illustrates operating and financial metrics for Luxury | NAP & MRP segment for the three and twelve months ended June 30, 2025 and 2026. For the three and twelve months ended June 30, 2026, these figures represent actual results and for the three and twelve months ended June 30 2025, these figures are illustrative in nature.
Three Months Ended Twelve Months Ended
-------------------------------- ------------------------------------
June June June June
(in millions) 30, 30, Change in 30, 30, Change in
(unaudited) 2025 2026 % / BPs 2025 2026 % / BPs
------------------- ----- ----- ---------- ------- ------- ----------
Gross Merchandise
Value (GMV) (1) 274.7 285.1 3.8% 1,098.6 1,043.7 (5.0)%
Active customer (LTM
in thousands) (1),
(2) 932 828 (11.1)% 932 828 (11.1)%
Total orders shipped
(LTM in thousands)
(1), (2) 2,504 2,212 (11.7)% 2,504 2,212 (11.7)%
Average order value
(LTM) (2) 811 885 9.1% 811 885 9.1%
Net sales 262.6 273.9 4.3% 1,042.7 994.8 (4.6)%
Gross profit 129.1 132.0 2.3% 478.1 472.9 (1.1)%
Gross profit
margin(3) 49.2% 48.2% (100)BPs 45.9% 47.5% 170BPs
Adjusted EBITDA(4) 1.0 7.4 627.5% 2.1 (6.0) (384.5)%
Adjusted EBITDA
margin(3) 0.4% 2.7% 230BPs 0.2% (0.6)% (80)BPs
(1) Definition of GMV, Active customer and Total orders shipped can be found
in Item 5 of our annual report.
(2) Active customers and total orders shipped are calculated based on orders
shipped from our sites during the last twelve months (LTM) ended on the
last day of the period presented.
(3) As a percentage of net sales.
(4) EBITDA and adjusted EBITDA are measures not defined under IFRS. For
further information about how we calculate these measures and
limitations of its use, see Item 5 in our annual report.
The following table illustrates operating and financial metrics for Off-Price | YOOX segment for the three and twelve months ended June 30, 2025 and 2026. For the three and twelve months ended June 30, 2026, these figures represent actual results and for the three and twelve months ended June 30, 2025, these figures are illustrative in nature.
Three Months Ended Twelve Months Ended
-------------------------------- --------------------------------
June June June June
(in millions) 30, 30, Change in 30, 30, Change in
(unaudited) 2025 2026 % / BPs 2025 2026 % / BPs
------------------- ----- ----- ---------- ----- ----- ----------
Gross Merchandise
Value (GMV) (1) 104.7 110.5 5.6% 545.0 485.1 (11.0)%
Active customer (LTM
in thousands) (1),
(2) 1,185 1,060 (10.6)% 1,185 1,060 (10.6)%
Total orders shipped
(LTM in thousands)
(1), (2) 3,128 2,913 (6.9)% 3,128 2,913 (6.9)%
Average order value
(LTM) (2) 252 243 (3.5)% 252 243 (3.5)%
Net sales 104.7 110.5 5.6% 529.7 485.1 (8.4)%
Gross profit 42.9 41.2 (4.1)% 197.7 186.7 (5.6)%
Gross profit
margin(3) 41.0% 37.3% (380)BPs 37.3% 38.5% 120BPs
Adjusted EBITDA(4) (20.7) (11.7) 43.7% (72.1) (45.5) 36.9%
Adjusted EBITDA
margin(3) (19.8)% (10.5)% 920BPs (13.6)% (9.4)% 420BPs
(1) Definition of GMV, Active customer and Total orders shipped can be found
in Item 5 of our annual report.
(2) Active customers and total orders shipped are calculated based on orders
shipped from our sites during the last twelve months (LTM) ended on the
last day of the period presented.
(3) As a percentage of net sales.
(4) EBITDA and adjusted EBITDA are measures not defined under IFRS. For
further information about how we calculate these measures and
limitations of its use, see Item 5 in our annual report.
The following tables include comparative illustrative segment information for the three and twelve months ended June 30, 2025. For the three and twelve months ended June 30, 2025, the amounts reflect actual results for the Luxury | Mytheresa segment and illustrative information for the Luxury | NAP & MRP and Off-Price | YOOX segments.
Three months ended June 30, 2025
--------------------------------------------------------------------------------
Total
Luxury Segments
(in EUR millions) Luxury NAP Off-Price excl. Recon-
(unaudited) Mytheresa & MRP YOOX Other Other(3) ciliation Aggregated
------------------ --------- -------- ----------- --------- -------- ----------- ------------
Net sales 248.9 262.6 104.7 616.2 25.7 (2.2) 639.7
Cost of sales,
exclusive of
depreciation and
amortization (128.8) (133.5) (61.8) (324.1) (20.1) 2.2 (342.0)
-------- ------- ------- -------- ------- ------ --- --------
Gross profit 120.1 129.1 42.9 292.1 5.6 - 297.7
Shipping and
payment cost (34.4) (33.2) (16.8) (84.4) (2.1) - (86.5)
Marketing expenses (33.7) (22.7) (8.0) (64.5) - - (64.5)
Selling, general
and administrative
expenses (35.8) (67.4) (35.9) (139.1) (3.4) - (142.5)
Other income
(expense), net (0.1) (4.7) (2.9) (7.7) 1.8 - (5.9)
Segment EBITDA 16.1 1.0 (20.7) (3.6) 1.8 - (1.7)
Twelve months ended June 30, 2025
--------------------------------------------------------------------------------
Total
Luxury Segments
Luxury NAP Off-Price excl. Recon-
Mytheresa & MRP YOOX Other Other(3) ciliation Aggregated
--------- --------- --------- ---------- -------- ----------- ------------
Net sales 916.1 1,042.7 529.7 2,488.4 156.5 (2.2) 2,642.8
Cost of sales,
exclusive of
depreciation
and
amortization (485.3) (564.6) (332.0) (1,381.8) (145.0) 2.2 (1,524.6)
-------- -------- -------- --------- ------- ----- ---- ---------
Gross profit 430.9 478.1 197.7 1,106.7 11.6 - 1,118.2
Shipping and
payment cost (133.9) (129.3) (84.7) (348.0) (12.8) (360.8)
Marketing
expenses (115.3) (86.0) (35.2) (236.5) (4.2) (240.8)
Selling, general
and
administrative
expenses (134.0) (251.1) (143.0) (528.1) (28.5) (556.6)
Other income
(expense), net (3.0) (9.6) (6.8) (19.5) 8.7 (10.8)
Segment EBITDA 44.6 2.1 (72.1) (25.4) (25.3) - (50.7)
The following tables include comparative segment information for the three and twelve months ended June 30, 2026.
Three months ended June 30 2026
--------------------------------------------------------------------------------------
Luxury Total
Luxury NAP Off-Price Segments Reconciliation
(in EUR millions) excl. Other
(unaudited) Mytheresa & MRP YOOX Other (3) (1)(2)(4)(5) Consolidated
------------------ ----------- ------- ----------- ---------- ----- ---------------- --------------
Net sales 269.2 273.9 110.5 653.6 12.4 (2.2) 663.8
Cost of sales,
exclusive of
depreciation and
amortization (135.4) (141.9) (69.4) (346.6) 0.3 2.2 (344.2)
------- ------ ------ ------ ---- -------- ------ -------- ---
Gross profit 133.8 132.0 41.2 307.0 12.6 - 319.6
Shipping and
payment cost (45.5) (42.4) (17.1) (105.0) (6.2) - (111.2)
Marketing expenses (32.1) (27.4) (7.4) (66.9) (0.5) - (67.5)
Selling, general
and administrative
expenses (36.5) (55.6) (28.7) (120.9) (5.7) (27.9) (154.4)
Other income
(expense), net (1.8) 0.9 0.4 (0.5) (0.8) (5.3) (6.6)
Segment EBITDA 17.9 7.4 (11.7) 13.6 (0.6) (33.2) (20.1)
Twelve months ended June 30, 2026
-----------------------------------------------------------------------------------------
Luxury Total
Luxury NAP Off-Price Segments Reconciliation
(in EUR millions) excl. Other
(unaudited) Mytheresa & MRP YOOX Other (1)(2) (3)(4)(5)(6) Consolidated
------------------ ----------- ------- ----------- --------- --------- ---------------- --------------
Net sales 994.3 994.8 485.1 2,474.2 33.6 (5.0) 2,502.7
Cost of sales,
exclusive of
depreciation and
amortization (511.8) (521.9) (298.4) (1,332.2) (15.2) 5.0 (1,342.3)
------- ------ ------- -------- ----- --------- ----- ---------
Gross profit 482.4 472.9 186.7 1,142.0 18.4 - 1,160.4
Shipping and
payment cost (168.9) (145.1) (75.2) (389.2) (8.2) (3.9) (401.3)
Marketing expenses (116.0) (92.2) (29.9) (238.2) (0.5) (0.1) (238.7)
Selling, general
and administrative
expenses (133.6) (240.7) (126.1) (500.4) (7.2) (97.3) (604.9)
Other income
(expense), net (1.5) (0.8) (1.0) (3.4) 0.1 (12.3) (15.6)
Segment EBITDA 62.3 (6.0) (45.5) 10.8 2.5 (113.5) (100.2)
(1) Represents Online Flagship Stores ("OFS") and Feng Mao ("FM") businesses
being wound down, and for which the financial information is not
regularly reviewed by the Chief Operating Decision Maker (CODM), and
therefore are not considered operating segments.
(2) Represents revenues recognized and expenses incurred during the period
from May 1, 2026 through June 30, 2026 in connection with the Transition
Services Agreement entered into in connection with the completed sale of
THE OUTNET. Refer to Note 32 - Discontinued Operations in our 20F annual
report for further details.
(3) For the three and twelve months ended June 30, 2026, EUR21,825 thousand
and EUR81,734 thousand, respectively, were related to other
transaction-related, certain legal and other expenses.
(4) Certain members of management and supervisory board members have been
granted share-based compensation for which the related expense is
recognized over the applicable vesting periods. Management adjusts
Segment EBITDA to exclude share-based compensation expense, as it is not
considered indicative of the Group's underlying operating performance.
For the three and twelve months ended June 30, 2026, share-based
compensation expense amounted to EUR7,736 thousand and EUR19,690
thousand, respectively, and is reflected in the reconciliation column,
primarily within Selling, general and administrative expenses.
(5) Includes foreign exchange gains and losses arising on intercompany
balances, recorded in Other income (expense), net. These amounts are
excluded from Segment EBITDA, as they reflect increased foreign exchange
volatility on intra-group cash balances. The adjustment represents a
foreign exchange loss of EUR3,762 thousand for the three months ended
June 30, 2026 and a foreign exchange loss of EUR12,081 thousand for the
twelve months ended June 30, 2026.
(6) During the three and twelve months ended June 30 2026, intercompany
sales of EUR2,172 thousand and EUR5,030 thousand, respectively, were
included in Net sales, with corresponding amounts included in Cost of
sales, exclusive of depreciation and amortization. As these intercompany
transactions are eliminated on consolidation, the related amounts are
reflected in the reconciliation column.
The following tables set forth the reconciliations of net income (loss) to EBITDA to adjusted EBITDA, and their corresponding margins as a percentage of net sales.
Three Months Ended June 30, Twelve Months Ended June 30,
----------------------------------- ---------------------------------------
(in millions) (unaudited) 2025 2026 Change in % 2025 2026 Change in %
------------------------- ----------- --------- ----------- ------------ ------------ -----------
Net income (loss) from
continuing operations 605.8 (25.5) (104.2)% 572.1 (157.2) (127.5)%
Finance costs, net 1.0 0.7 (28.6)% 5.1 4.2 (17.3)%
Income tax expense
(benefit) 12.0 (7.1) (159.3)% 3.6 (2.8) (177.1)%
Depreciation,
amortization and
impairment losses 10.5 11.8 12.7% 25.4 55.6 119.4%
EBITDA 629.1 (20.1) (103.2)% 606.0 (100.2) (116.5)%
Other
transaction-related,
certain legal and
other expenses(1) 14.4 21.8 51.3% 52.7 81.7 55.0%
Share-based
compensation(2) 1.1 7.7 611.6% 14.3 19.7 37.8%
Gain on bargain
purchase(3) (623.5) - N/A (623.5) - N/A
FX losses Intercompany
balances - 3.8 N/A - 12.1 N/A
Adjusted EBITDA 21.1 13.2 (37.6)% 49.5 13.3 (73.1)%
Reconciliation to
Adjusted EBITDA Margin
Net sales 559.1 663.8 18.7% 1,226.3 2,502.7 104.1%
Adjusted EBITDA margin 3.8% 2.0% (180)BPs 4.0% 0.5% (350)BPs
(1) Other transaction-related, certain legal and other expenses include
professional fees (including advisory and accounting fees) related to
potential transactions, as well as certain legal and other expenses
incurred outside the ordinary course of business.
(2) Certain members of management and supervisory board members have been
granted share-based compensation for which the related expense is
recognized over the applicable vesting periods. Management adjusts
EBITDA to exclude share-based compensation expense, as it is not
considered indicative of the Group's underlying operating performance.
(3) Gain on bargain purchase recognized in connection with the YNAP
Acquisition.
The following table sets forth the reconciliations of GMV to growth of GMV on a constant currency basis and of net sales to growth of net sales on a constant currency basis for LuxExperience for the three months ended June 30, 2025 and 2026:
Three Months Ended June 30,
-----------------------------------------------
Year-over-Year
Change
2025 2026 in %
-------------- ------------- ----------------
(in millions)
(unaudited)
Gross Merchandise Value
(GMV) EUR 645.4 EUR 686.6 6.4%
Foreign Exchange
Impact(1) EUR 1.0 EUR (8.5)
Gross Merchandise Value
(GMV) at Constant
Currency (ex-FX) EUR 644.4 EUR 695.2 7.9%
Net Sales EUR 616.3 EUR 653.6 6.1%
Foreign Exchange
Impact(1) EUR 1.0 EUR (8.5)
Net Sales at Constant
Currency (ex-FX) EUR 615.3 EUR 662.1 7.6%
The following table sets forth the reconciliations of GMV to growth of GMV on a constant currency basis and of net sales to growth of net sales on a constant currency basis for Luxury | Mytheresa segment for the three months ended June 30, 2025 and 2026:
Three Months Ended June 30,
----------------------------------------------
Year-over-Year
Change
2025 2026 in %
------------- ------------- ----------------
(in millions)
(unaudited)
Gross Merchandise Value
(GMV) EUR 265.9 EUR 290.9 9.4%
Foreign Exchange
Impact(1) EUR 1.0 EUR (4.2)
Gross Merchandise Value
(GMV) at Constant
Currency (ex-FX) EUR 265.0 EUR 295.1 11.4%
Net Sales EUR 248.9 EUR 269.2 8.1%
Foreign Exchange
Impact(1) EUR 1.0 EUR (4.0)
Net Sales at Constant
Currency (ex-FX) EUR 247.9 EUR 273.2 10.2%
The following table sets forth the reconciliations of GMV to growth of GMV on a constant currency basis and of net sales to growth of net sales on a constant currency basis for Luxury | NAP & MRP segment for the three months ended June 30, 2025 and 2026:
Three Months Ended June 30,
-----------------------------------------------
Year-over-Year
Change
2025 2026 in %
-------------- ------------- ----------------
(in millions)
(unaudited)
Gross Merchandise Value
(GMV) EUR 274.7 EUR 285.1 3.8%
Foreign Exchange
Impact(1) EUR 0.0 EUR (3.3)
Gross Merchandise Value
(GMV) at Constant
Currency (ex-FX) EUR 274.7 EUR 288.4 5.0%
Net Sales EUR 262.6 EUR 273.9 4.3%
Foreign Exchange
Impact(1) EUR 0.0 EUR (3.4)
Net Sales at Constant
Currency (ex-FX) EUR 262.6 EUR 277.3 5.6%
The following table sets forth the reconciliations of GMV to growth of GMV on a constant currency basis and of net sales to growth of net sales on a constant currency basis for Off-Price | YOOX segment for the three months ended June 30, 2025 and 2026:
Three Months Ended June 30
----------------------------------------------
Year-over-Year
Change
2025 2026 in %
------------- ------------- ----------------
(in millions)
(unaudited)
Gross Merchandise Value
(GMV) EUR 104.7 EUR 110.5 5.6%
Foreign Exchange
Impact(1) EUR 0.0 EUR (1.1)
Gross Merchandise Value
(GMV) at Constant
Currency (ex-FX) EUR 104.7 EUR 111.6 6.6%
Net Sales EUR 104.7 EUR 110.5 5.6%
Foreign Exchange
Impact(1) EUR 0.0 EUR (1.1)
Net Sales at Constant
Currency (ex-FX) EUR 104.7 EUR 111.6 6.6%
(1) Foreign Exchange Impact means translating current period financial data
using the average foreign exchange rates during the corresponding period
in the prior fiscal year applicable to the local currency in which the
transactions are denominated so as to calculate what our results would
have been had exchange rates remained stable from one fiscal year to the
next. These calculations do not include any other macroeconomic effect
such as local currency inflation effects or any price adjustment to
compensate local currency inflation or devaluations.
LuxExperience B.V.
Consolidated Statements of Loss and Comprehensive Loss
(Amounts in EUR thousands, except share and per share data)
Three Months Ended Twelve Months Ended
June 30 (Unaudited), June 30,
----------------------- -------------------------
(in EUR thousands) 2025 2026 2025 2026
------------------- ------------ --------- ---------- -------------
Net sales 559,120 663,805 1,226,314 2,502,695
Cost of sales,
exclusive of
depreciation and
amortization (281,557) (344,209) (638,000) (1,342,312)
-------- -------- --------- ----------
Gross profit 277,562 319,596 588,313 1,160,383
Shipping and payment
cost (77,900) (111,201) (177,571) (401,315)
Marketing expenses (58,546) (67,479) (140,140) (238,732)
Selling, general and
administrative
expenses (128,464) (154,638) (278,092) (604,922)
Depreciation,
amortization and
impairment losses (10,402) (11,775) (25,351) (55,613)
Other income
(expense), net 616,454 (6,408) 613,538 (15,602)
-------- -------- --------- ----------
Operating income
(loss) 618,705 (31,904) 580,697 (155,800)
Finance income 2,208 3,585 2,208 10,324
Finance cost (3,137) (4,279) (7,280) (14,519)
Finance income
(costs), net (929) (694) (5,072) (4,195)
-------- -------- --------- ----------
Income (Loss) before
income taxes 617,773 (32,599) 575,625 (159,995)
Income tax (expense)
benefit (12,015) 7,104 (3,570) 2,752
-------- -------- --------- ----------
Net income (loss)
from continuing
operations 605,758 (25,495) 572,054 (157,243)
Loss from
discontinued
operations net of
tax (2,095) (841) (2,095) (10,438)
Net income (loss) 603,663 (26,336) 569,959 (167,681)
Cash Flow Hedge 371 6,962 - -
Income Taxes related
to Cash Flow Hedge (104) (1,943) - -
Foreign currency
translation (6,004) (1,315) (5,965) 9,059
Other comprehensive
income (loss) (5,737) 3,704 (5,965) 9,059
-------- -------- --------- ----------
Comprehensive income
(loss) 597,927 (22,632) 563,994 (158,623)
-------- -------- --------- ----------
Basic earnings
(loss) per ordinary
share, EUR --
continuing
operations 4.82 (0.18) 5.91 (1.12)
Diluted earnings
(loss) per ordinary
share, EUR --
continuing
operations 4.67 (0.18) 5.67 (1.12)
Basic earnings
(loss) per ordinary
share, EUR --
discontinued
operations (0.02) (0.01) (0.02) (0.08)
Diluted earnings
(loss) per ordinary
share, EUR --
discontinued
operations (0.02) (0.01) (0.02) (0.08)
Basic earnings
(loss) per ordinary
share, EUR -- net
income (loss) 4.80 (0.19) 5.89 (1.20)
Diluted earnings
(loss) per ordinary
share, EUR -- net
income (loss) 4.65 (0.19) 5.65 (1.20)
Weighted average
ordinary shares
outstanding (basic)
-- in millions (1) 125.6 140.4 96.8 140.1
Weighted average
ordinary shares
outstanding
(diluted) -- in
millions (1) 129.6 140.4 100.9 140.1
(1) In accordance with IAS 33, includes contingently issuable shares that
are fully vested and can be converted at any time for no consideration.
For further details, refer to notes 12 and 28 in our annual report.
LuxExperience B.V.
Consolidated Statements of Financial Position
(Amounts in EUR thousands)
(in EUR thousands) June 30, 2025 June 30, 2026
--------------------------------------- ------------- ---------------
Assets
Non-current assets
Intangible assets and goodwill 156,731 155,790
Property and equipment 55,901 54,514
Right-of-use assets 201,131 154,127
Deferred tax assets 1,683 23,222
Non-current financial assets -- 125,000
Other non-current assets 11,878 18,739
------------ -------------
Total non-current assets 427,323 531,392
------------ -------------
Current assets
Inventories 1,019,539 990,273
Trade and other receivables 96,676 41,655
Other assets 134,766 196,214
Cash and cash equivalents 603,593 317,702
------------ -------------
Total current assets 1,854,574 1,545,844
------------ -------------
Total assets 2,281,897 2,077,236
============ =============
Shareholders' equity and liabilities
Subscribed capital 2 2
Capital reserve 912,039 926,852
Retained earnings 457,192 289,511
Accumulated other comprehensive income
(losses) (4,469) 4,590
------------ -------------
Total shareholders' equity 1,364,764 1,220,955
------------ -------------
Non-current liabilities
Provisions 4,484 4,454
Lease liabilities 176,718 145,741
Deferred income tax liabilities 11 2,381
Other non-current liabilities 364 947
------------ -------------
Total non-current liabilities 181,578 153,523
------------ -------------
Current liabilities
Liabilities to banks 10,000 --
Tax liabilities 2,764 12,457
Lease liabilities 32,085 33,315
Contract liabilities 49,343 53,968
Trade and other payables 285,722 239,491
Other current liabilities 346,835 348,932
Current provisions 8,807 14,594
------------ -------------
Total current liabilities 735,555 702,758
------------ -------------
Total liabilities 917,133 856,281
------------ -------------
Total shareholders' equity and
liabilities 2,281,897 2,077,236
============ =============
LuxExperience B.V.
Consolidated Statements of Changes in Equity
(Amounts in EUR thousands)
Foreign
Retained currency Total
Subscribed Capital earnings translation shareholders'
(in EUR thousands) capital reserve (losses) reserve equity
------------------- ---------- -------- --------- ------------- ---------------
Balance as of July
1, 2023 1 529,775 (87,856) 1,509 443,429
Net loss -- -- (24,911) -- (24,911)
Other comprehensive
loss -- -- -- (13) (13)
---------- ------- -------- -------- ----------
Comprehensive loss -- -- (24,911) (13) (24,923)
---------- ------- -------- -------- ----------
Share-based
compensation -- 18,508 -- -- 18,508
Reclassification due
to cash-settlement
of Share-based
compensation -- (1,370) -- -- (1,370)
Balance as of June
30, 2024 1 546,913 (112,767) 1,496 435,643
---------- ------- -------- -------- --- ---------- ---
Balance as of July
1, 2024 1 546,913 (112,767) 1,496 435,643
Net income -- -- 569,959 -- 569,959
Other comprehensive
loss -- -- -- (5,965) (5,965)
---------- ------- -------- -------- ----------
Comprehensive income
(loss) -- -- 569,959 (5,965) 563,994
---------- ------- -------- -------- ---------- ---
Capital increase 1 345,552 -- -- 345,553
Share-based
compensation -- 14,287 -- -- 14,287
Share options
exercised 7,133 -- -- 7,133
Reclassification due
to cash-settlement
of Share-based
compensation -- (1,846) -- -- (1,846)
Balance as of June
30, 2025 2 912,039 457,192 (4,469) 1,364,764
---------- ------- -------- -------- ---------- ---
Balance as of July
1, 2025 2 912,039 457,192 (4,469) 1,364,764
Net loss -- -- (167,681) -- (167,681)
Other comprehensive
income -- -- -- 9,059 9,059
---------- ------- -------- -------- --- ---------- ---
Comprehensive income
(loss) -- -- (167,681) 9,059 (158,623)
---------- ------- -------- -------- --- ----------
Share-based
compensation -- 19,690 -- -- 19,690
Share options
exercised -- 3,479 -- -- 3,479
Reclassification due
to cash-settlement
of Share-based
compensation -- (8,355) -- -- (8,355)
---------- ------- -------- -------- --- ----------
Balance as of June
30, 2026 2 926,852 289,511 4,590 1,220,955
LuxExperience B.V.
Consolidated Statements of Cash Flows
(Amounts in EUR thousands)
Year ended June 30,
---------------------------------
(in EUR thousands) 2025 2026
------------------------------------ -------------------- -----------
Net income (loss) 569,959 (167,681)
Adjustments for
Depreciation, amortization,
impairment & asset disposals 25,552 64,027
Finance costs, net 5,072 4,195
Share-based compensation 14,287 19,690
Income tax expense (benefit) 3,570 (2,752)
Gain from bargain purchase (623,531) --
Change in operating assets and
liabilities
(Increase) decrease in
inventories (6,640) 8,471
(Increase) decrease in trade and
other receivables (3,473) 59,753
Increase in other assets (14,066) (53,110)
Increase (decrease) in other
liabilities 42,967 (496)
Increase in contract liabilities 1,006 5,796
Increase (decrease) in trade and
other payables (38,221) (42,928)
Interest received on cash held in
bank accounts 2,208 4,514
Income taxes paid (9,223) (7,880)
---------------- --------
Net cash provided by (used in)
operating activities (30,533) (108,402)
---------------- --------
Expenditure for property and
equipment and intangible assets (3,996) (14,730)
Proceeds from sale of property &
equipment and intangible assets 140 786
Cash acquired in business
combinations 621,352 --
Investment in fixed income securities (125,000)
Proceeds from disposal of
discontinued operations -- 10,681
Investment income received -- 2,905
Proceeds from leases -- 446
Lease incentive fees paid -- (4,322)
---------------- --------
Net cash provided by (used in)
investing activities 617,496 (129,234)
---------------- --------
Interest paid (6,987) (14,519)
Proceeds (repayment) of bank
borrowings 10,000 (10,000)
Proceeds from exercise of option
awards 7,133 3,479
Lease payments (10,057) (35,046)
---------------- --------
Net cash provided by (used in)
financing activities 89 (56,086)
---------------- --------
Net increase (decrease) in cash and
cash equivalents 587,052 (293,722)
---------------- --------
Cash and cash equivalents at the
beginning of the period 15,107 603,593
---------------- --------
Effects of exchange rate changes on
cash and cash equivalents 1,432 7,831
---------------- --------
Cash and cash equivalents at end of
the period 603,593 317,702
---------------- --------
View source version on businesswire.com: https://www.businesswire.com/news/home/20260916053141/en/
CONTACT: Investor Relations Contact
LuxExperience B.V.
David Steinbusch
phone: +49 172 156 3085
email: investors@luxexperience.com
Media Contact for business press
LuxExperience B.V.
Lisa Schulz
mobile: +49 151 11216490
email: lisa.schulz@luxexperience.com
Comments