AS Silvano Fashion Group Consolidated Interim Financial Report for Q4 and 12m of 2025 (unaudited)

Core Insights - The company experienced a decline in financial performance for the 12 months of 2025 compared to 2024, with significant decreases in revenue, gross profit, operating profit, and net profit. Financial Performance - Revenue for 2025 was €55,466 thousand, down 4.5% from €58,070 thousand in 2024 [2] - Gross profit decreased by 14.6% to €29,262 thousand from €34,278 thousand [2] - Operating profit fell by 39.5% to €10,435 thousand compared to €17,248 thousand in the previous year [3] - EBITDA also saw a decline of 31.7%, amounting to €13,878 thousand [3] - Net profit for the period was €10,034 thousand, a decrease of 26.6% from €13,673 thousand [4] Margin Analysis - Gross profit margin decreased to 52.8% in 2025 from 59.0% in 2024, a change of -10.5% [2] - Operating profit margin dropped to 18.8% from 29.7%, reflecting a decrease of 36.7% [3] - EBITDA margin fell to 25.0% from 35.0%, a decline of 28.6% [3] - Net profit margin attributable to equity holders decreased to 16.6% from 21.3% [4] Financial Position - Total assets increased by 11.1% to €93,847 thousand as of December 31, 2025, compared to €84,489 thousand in 2024 [5] - Total equity attributable to equity holders rose by 16.3% to €76,768 thousand from €65,993 thousand [6] - Cash and cash equivalents decreased by 13.6% to €6,639 thousand from €7,683 thousand [10] Investments - The company invested €805 thousand in property, plant, and equipment during 2025, down from €942 thousand in 2024 [7] Personnel - As of December 31, 2025, the company employed 1,639 employees, a slight decrease from 1,655 in 2024 [8] Salaries and Taxes - Total salaries and related taxes for 2025 amounted to €15,799 thousand, an increase from €14,155 thousand in 2024 [9]