Belysse Group N.V. (0RQK) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the conference call of Belysse Group N. V. Regarding the full year 2025 results. As a reminder, all participants will be in listen only mode. After the presentation, there will be a question and answer session for analysts covering the Belysse share. Today, have with us James Newling, Chief Executive Officer and Andy Roelke, Chief Financial Officer. Gentlemen, the floor is yours. Thank you, Ren. Good morning everyone and welcome to Belysse Group's N. D. Full 2025 results call. If you have not already done so, you can download the press release and this presentation from the Investor Relations section on belysse.com. I do need to start with bringing your attention to the disclaimer on slide two. I will not read it out, but please do make sure that you have read it. I will first talk about the financial summary of the full year 2025, and then Andy Rokiste, CFO of the Belysse Group, will take us through the financial review, and I will then give a quick update on our BEYOND programme and then also a conclusion. We will end this call with questions and answers sessions with the analysts following our stock. Please turn to slide four for the full year financial summary. From a financial standpoint, we saw in the full year '25 consolidated revenue a total of 254,200,000 Euro, which represents an organic decrease of 7.1% year on year. Revenue of our US business declined by 7.0%, while our European faced a decline of 12.2% year on year. In profitability, the full year 2025 adjusted EBITDA was 34,400,000 which represents a decrease of 19.0% year on year. Our US business realized an EBITDA of €29,900,000 while the business in Europe realized an EBITDA of €4,500,000 The net debt at the end of the period was €128,600,000 including 1...