AS Silvano Fashion Group Consolidated Interim Financial Report For Q4 And 12M Of 2025 (Unaudited)

2026-02-27 05:01:10

(MENAFN- GlobeNewsWire - Nasdaq) Selected Financial Indicators

Summarized selected financial indicators of the Group for 12 months of 2025 compared to 12 months of 2024 and 31.12.2025 compared to 31.12.2024 were as follows:

in thousands of EUR	12m 2025	12m 2024	Change
Revenue	55 466	58 070	-4.5%
Gross Profit	29 262	34 278	-14.6%
Operating profit	10 435	17 248	-39.5%
EBITDA	13 878	20 316	-31.7%
Net profit for the period	10 034	13 673	-26.6%
Net profit attributable equity holders of the Parent company	9 229	12 366	-25.4%
Earnings per share (EUR)	0,26	0,34	-23.5%
Operating cash flow for the period	8 170	10 092	-19.0%

in thousands of EUR	31.12.2025	31.12.2024	Change
Total assets	93 847	84 489	11.1%
Total current assets	79 659	70 871	12.4%
Total equity attributable to equity holders of the Parent company	76 768	65 993	16.3%
Cash and cash equivalents	6 639	7 683	-13.6%
Short-term deposits over 3 months	38 311	32 007	19.7%

Margin analysis, %	12m 2025	12m 2024	Change
Gross profit	52.8	59.0	-10.5%
Operating profit	18.8	29.7	-36.7%
EBITDA	25.0	35.0	-28.6%
Net profit	18.1	23.5	-23.0%
Net profit attributable to equity holders of the Parent company	16.6	21.3	-22.1%

Financial ratios, %	31.12.2025	31.12.2024	Change
ROA	10.0	15.8	-36.7%
ROE	12.5	20.6	-39.3%
Price to earnings ratio (P/E)	4.9	3.0	63.3%
Current ratio	8.6	6.6	30.3%
Quick ratio	5.2	4.0	30.0%

Financial performance

The Group`s sales amounted 55 466 thousand EUR during 12 months of 2025, representing a 4.5% decrease as compared to the same period of previous year. Overall, wholesale decreased by 13.3%, measured in EUR.

The Group's gross profit during 12 months of 2025 amounted to 29 262 thousand EUR and decrease by 14.6% compared to previous year. The gross margin during 12 months of 2025 decreased by 10.5% compared to 12 months of 2024. The cost of sold goods increased by 10.1%.

Consolidated operating profit for 12 months of 2025 amounted to 10 435 thousand EUR, compared to 17 248 thousand EUR for 12 months of 2024, decrease by 39.5%. The consolidated operating profit margin was 18.8% for 12 months of 2025 (29.7% for 12 months of 2024). Consolidated EBITDA for 12 months of 2025 decreased by 31.7% and amounted to 13 878 thousand EUR, which is 25.0% in margin terms (20 316 thousand EUR and 35.0% for 12 months of 2024).

Reported consolidated net profit attributable to equity holders of the Parent company for 12 months of 2025 amounted 9 229 thousand EUR, compared to net profit of 12 366 thousand EUR for 12 months of 2024, net profit margin attributable to equity holders of the Parent company for 12 months of 2025 was 16.6% against net profit margin 21.3% for 12 months of 2024.

Financial position

As of 31 December 2025, consolidated assets amounted to 93 847 thousand EUR representing increase by 11.1% as compared to the position as of 31 December 2024.

Trade and other receivables increased by 123 thousand EUR as compared to 31 December 2024 and amounted to 1 329 thousand EUR as of 31 December 2025. Inventory balance increased by 2 932 thousand EUR and amounted to 31 237 thousand EUR as of 31 December 2025.

Equity attributable to equity holders of the Parent company increased by 10 775 thousand EUR and amounted to 76 768 thousand EUR as of 31 December 2025. Current liabilities decreased by 1 414 thousand EUR during 12 months of 2025.

Investments

During 12 months of 2025 the Group's investments into property, plant and equipment totalled 805 thousand EUR, in previous year same 942 thousand EUR. Investments were made mainly into opening and renovating own stores, as well into equipment and facilities to maintain effective production for future periods.

Personnel

As of 31 December 2025, the Group employed 1 639 employees, including 552 people in retail operations. The rest were employed in production, wholesale, administration and support operations. In 31.12.2024 there were 1 655 employees, including 518 people in retail operations.

Total salaries and related taxes during 12 months of 2025 amounted 15 799 thousand EUR (14 155 thousand EUR in 12 months 2024). The remuneration of key management of the Group, including the key executives of all subsidiaries, totalled 939 thousand EUR.

Consolidated Statement of Financial Position

in thousands of EUR	Note	31.12.2025	31.12.2024
		Unaudited	Audited
ASSETS
Current assets
Cash and cash equivalents	2	6 639	7 683
Short-term deposits over 3 months	2	38 311	32 007
Trade and other receivables	3	1 329	1 206
Prepayments and other tax receivables	3	2 106	1 603
Other assets		37	67
Inventories	4	31 237	28 305
Total current assets		79 659	70 871

Non-current assets
Non-current receivables		313	271
Investments in associates		97	92
Investments in other shares		221	208
Deferred tax asset		3 656	3 347
Intangible assets		658	649
Investment property		859	837
Property, plant and equipment	5	8 384	8 214
Total non-current assets		14 188	13 618
TOTAL ASSETS		93 847	84 489

LIABILITIES AND EQUITY
Current liabilities
Current lease liabilities		2 519	2 252
Trade and other payables	6	5 506	7 031
Tax liabilities		1 267	1 423
Total current liabilities		9 292	10 706

Non-current liabilities
Deferred tax liability		0	715
Non-current lease liabilities		3 389	3 694
Non-current provisions		45	43
Total non-current liabilities		3 434	4 452
Total liabilities		12 726	15 158

Equity
Share capital	7	3 600	3 600
Share premium		4 967	4 967
Statutory reserve capital		1 306	1 306
Unrealised exchange rate differences		-18 949	-20 495
Retained earnings		85 844	76 615
Total equity attributable to equity holders of the Parent company		76 768	65 993
Non-controlling interest		4 353	3 338
Total equity		81 121	69 331
TOTAL EQUITY AND LIABILITIES		93 847	84 489

Consolidated Income Statement

in thousands of EUR	Note	4Q 2025	4Q 2024	12m 2025	12m 2024
		Unaudited	Unaudited	Unaudited	Audited
Revenue from contracts with customers	9	11 087	11 581	55 466	58 070
Cost of goods sold		-6 055	-4 535	-26 204	-23 792
Gross Profit		5 032	7 046	29 262	34 278

Distribution expenses		-3 433	-2 637	-13 094	-11 360
Administrative expenses		-1 635	-1 441	-5 635	-4 981
Other operating income		391	91	651	269
Other operating expenses		-178	-263	-749	-958
Operating profit		177	2 796	10 435	17 248

Currency exchange income/(expense)		404	-458	1 141	-873
Other finance income/(expenses)		147	455	494	856
Net finance income		551	-3	1 635	-17

Profit (loss) from associates using equity method		3	-2	-10	14
Profit before tax		731	2 791	12 060	17 245

Income tax expense		318	177	-2 026	-3 572

Profit for the period		1 049	2 968	10 034	13 673
Attributable to:
Equity holders of the Parent company		948	2 655	9 229	12 366
Non-controlling interest		101	313	805	1 307

Earnings per share from profit attributable to equity holders of the Parent company, both basic and diluted (EUR)	8	0,03	0,07	0,26	0,34

Consolidated Statement of Comprehensive Income

in thousands of EUR	Note	4Q 2025	4Q 2024	12m 2025	12m 2024
		Unaudited	Unaudited	Unaudited	Audited

Profit for the period		1 049	2 968	10 034	13 673

Other comprehensive income (loss) that will be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of foreign operations	1 301	-445	1 756	-602
Total other comprehensive income for the period		1 301	-445	1 756	-602

Total comprehensive income (loss) for the period		2 350	2 523	11 790	13 071
Attributable to:
Equity holders of the Parent company		2 096	2 252	10 775	11 873
Non-controlling interest		254	271	1 015	1 198

Consolidated Statement of Cash Flows

in thousands of EUR	Note	12m 2025	12m 2024
Cash flow from operating activities		Unaudited	Audited
Profit for the period		10 034	13 673
Adjustments for:
Depreciation and amortization of non-current assets		3 443	3 068
Share of profit of equity accounted investees		10	-14
Gains/Losses on the sale of property, plant and equipment		61	7
Net finance income / costs		-1 635	17
Provision for impairment losses on trade receivables		23	-18
Provision for inventories		1 732	91
Income tax expense		2 026	3 572
Change in inventories		-2 034	-5 598
Change in trade and other receivables		-295	-356
Change in trade and other payables		-2 217	526
Interest paid		-7	-54
Income tax paid		-2 971	-4 822
Net cash flow from operating activities		8 170	10 092

Cash flow from investing activities
Interest received		1 335	1 391
Dividends received		12	8
Purchase of other financial investments		-62 530	-62 500
Proceeds from other financial investments		56 330	30 700
Proceeds from disposal of property, plant and equipment		-58	22
Loans granted		-11	0
Proceeds from repayments of loans granted		11	29
Acquisition of property, plant and equipment		-805	-942
Acquisition of intangible assets		-60	-147
Net cash flow from investing activities		-5 776	-31 439

Cash flow from financing activities
Proceeds from borrowings		500	4 000
Repayment of borrowings		-500	-4 000
Payment of principal portion of lease liabilities		-2 553	-2 318
Interest paid on lease liabilities		-900	-739
Dividends paid		0	-603
Net cash flow from financing activities		-3 453	-3 660

Net increase/decrease in cash and cash equivalents		-1 059	-25 007
Cash and cash equivalents at the beginning of period	2	7 683	32 878
Effect of translation to presentation currency		654	-23
Effect of exchange rate fluctuations on cash held	2	-639	-165
Cash and cash equivalents at the end of period		6 639	7 683

AS Silvano Fashion Group
Phone: +372 6845 000
Email:...

Attachment

SFG consolidated interim financial report for Q4 and 12m of 2025 unaudited

MENAFN27022026004107003653ID1110800727

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