Jumbo Interactive Limited (JIN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your core co-operator. Welcome and thank you for joining the Jumbo Conference call and live webcast to present and discuss the first half 2025 financial results. All participants will be listening only now that the conference is being recorded. The presentation will be followed by a question and answer session. Anyone who wishes to ask a question may press star followed by one on their telephone. For the webcast participants, you can submit your questions in English. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Mr. Apostolos Evangelos Vakakis, Chairman of the Board of Directors, Mr. Paulis Folicarpou, CFO, and Ms. Karamitsouli Amalia, Head of Investor Relations. Ms. Karamitsouli, you may now proceed. Thanks, Kosabini. Good afternoon, everyone, and thank you for joining our call today. I will walk you through Jumbo's performance for the first half of 2025, highlight the main operational developments, and then to share our outlook for the rest of the year. In the first half of the year, Jumbo sales grew by 8%, reaching €497 million. On a comparable basis, EBITDA increased by 7% to €165 million, and while net profit increased by 5% to 117 million euros. Our gross margin came at 54%. This represents the strong growth of franchise sales, which, as you know, carry a lower margin than our own operated stores. At the same time, our net staff position remained very strong at almost 318 million euros. CapEx during the period was 14 million euros. Let me also highlight the key steps we have taken so far. In March, we distributed 0.4667 euro per share to our shareholders a...