lastminute.com N.V. (0QT0) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the lastminute.com Full Year twenty twenty five Financial Results Conference Call. Today's call will be hosted by Julia Weinhardt, Head of Investor Relations and joined by Alessandro Pizzazzi, Chief Executive Officer and Diego Fiorentini, Chief Financial Officer. All participants are currently in listen only mode. There will be an opportunity to ask live or webcast questions following the presentation. Please note that this call is being recorded. At this time, I'd like to turn the call over to Yulia, Head of Investor Relations. Please go ahead. Thank you, Matilda. Good morning, everyone, and thank you for joining us today for our second call of the year. Today, we will present the final 2025 audited results as previewed in February. We have also this morning published our Annual Report and Sustainability Reports 2025. These are now available on our corporate website. Along the results, we will share our latest developments. And after the presentation, we will be happy to address your questions. With this, I will hand over to Diego now to start the presentation. Thank you, Julia, and good morning to everybody. Today, we released our full year 2025 audited results, fully aligned with the preliminary figures we shared earlier this year. This resulted in a solid top line and profitability growth. Gross profit value grew 19% across the board. Revenue rose 15% to $361,000,000 exceeding our guidance. Gross profit improved 10% even if we scale up our marketing investments. At the same time, we saw a meaningful acceleration in profitability. Adjusted EBITDA increased 33% to $54,900,000 well ahead of our upgraded guidance, highlighting strong operating leverage. And importantly, this performance converted into cash with adjusted EBITDA less CapEx ...