Slide 1: FY 2025 Results
FY 2025 Results Conference Call – March 13, 2026
Slide 2: Important information
Important information FY 2025 Results This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward-looking statements which
Slide 3: Financial highlights
Financial highlights FY 2025 Results €m Total Revenues EBITDA EBIT Net Income 2,098.0 2,127.4 120.2 108.8 80.7 63.3 42.7 31.0 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 - Total Consolidated Revenues in FY 2025 amounted to 2,127.4€m (2,098.0€m in FY 2024) - Operating profitability: EBITDA and EB
Slide 4: Total Sales
Total Sales FY 2025 Results 4Q Total Sales by client segment 2,054.0 FY 2,095.3 €m 1,352.0 1,385.0 473.1 475.6 Street Market 288.2 297.8 National Account 494.7 513.2 118.4 122.0 Wholesale 66.5 55.8 207.3 197.1 4Q 2024 4Q 2025 FY 2024 FY 2025 In relation to Total consolidated Revenues of 2,127.4€m in
Slide 5: Income statement
Income statement FY 2025 Results €m FY 2024 % FY 2025 % - Gross margin in percentage remains substantially in line and with a recovery in the last part of 2025 Total revenues 2,098.0 100.0% 2,127.4 100.0% - Services cost were also affected by operational-logistics Cost of goods sold (1,656.0) -78.9%
Slide 6: Trade NWC
Trade NWC FY 2025 Results Trade NWC Cash conversion cycle - days €m 31.12.23 31.12.24 31.12.25 92 Accounts Receivable 348.7 338.0 342.3 84 87 Days 61 59 59 59 61 59 Inventory 203.4 223.8 272.9 Days 45 49 59 59 45 49 Accounts Payable (381.4) (392.6) (422.7) Days 84 87 92 22 22 26 Trade NWC 170.6 169.
Slide 7: Net Debt
Net Debt FY 2025 Results €m Net Debt and IFRS 16 effect Net Debt (net of IFRS 16) - bridge 292.6 237.9 48.2 203.8 223.4 88.8 170.4 67.4 25.5 81.6 2.5 -42.3 -0.4 203.8 141.8 170.4 31 Dec 23 31 Dec 24 31 Dec 25 31 Dec 24 Cash Cash flow flow Others NWC NWC CapEx Dividends 31 Dec 25 Dividends and Buybac
Slide 8: Dividend proposal
Dividend proposal FY 2025 Results 0.72 € 0.66 0.60 0.60 0.53 0.47 0.49 0.47 0.40 0.38 94.4% 95.9% 89.1% 90.2% 82.9% 2021 2022 2023 2024 2025 EPS DPS DPS/EPS (pay out) - The Board of Directors proposes for the approval of the Shareholders’ Meeting of next 28th April a gross Dividend per share (DPS) o
Slide 9: Current trading
Current trading FY 2025 Results - The beginning of 2026 shows a sales and gross margin trend consistent with the year's growth targets. In particular, sales growth is driven by Street Market and Chains & Groups client segments, with sales to Wholesale segment also positive - The contribution of the
Slide 10: Investor Relations contacts
Investor Relations contacts FY 2025 Results Antonio Tiso atiso@marr.it tel. +39 0541 746803 mob. +39 331 6873686 Léon Van Lancker lvanlancker@marr.it mob. +39 335 1872014 For further details visit IR’s sections at MARR website MARR S.p.A. Headquarters – Via Pasquale Tosi, 1300 – 47822 Santarcangelo