2025 ANNUAL
RESULTS
MARCH 12, 2026
SPEAKERS
E R I C H É M A R
C H R I S T O P H E S A T I N
Y A N N P E R O T
Chairman and Chief Executive Officer Deputy Chief Executive Officer CFO
Strong business momentum in 2025 +16.0% vs. 2024 and good outlook for 2026Increase in underlying operating income
(+11.8%) and Group share of net income (+19.9%)
Debt under controlLeverage at 0.9x EBITDA
2025 HIGHLIGHTS
Underlying operating income
€165m
3
Revenues
€3,737m
Debt leverage 0.9x EBITDA
Establishment in Canada
Accelerating value creation in the supply chain through AI and the program
CONTENTS
01 202J performances and program
202J Results
0
Outlook
S U S T A I N E D G R O W T H
T H R O U G H O U T 2 0 2 5
ID LOGISTICS SIGNS OFF ON A STRONG 2025
DOUBLING IN SIZE IN 5 YEARS
X 2
3,737
3,271
2,747
2,509
1,910
2021
2022
2023
2024
2025
€3,737m
Annual revenues
+14.2% as reported
and +16.0% like-for-like
€1,037.5m
Record 4th quarter
+12.2% as reported
and +14.7% like-for-like
J
01
2025 ANNUAL RESULTS - MARCH 12, 2026
DYNAMIC COMMERCIAL CONTINUITY
START OF 27 NEW CONTRACTS IN 2025
La Redoute
Strat date: 06/2025 Challenge: mechanization, mutualizationParfums Christian Dior
Start date: 03/2027 Challenge: mechanization, multichannelWorldwide fashion leader
Start date: 09/2025 Challenge: densification, mechanization, core modelWorldwide
e-commerce leader
Start date: NAM and Europe in 2025 Challenge: densification, mechanization, core modelPepsico
Start date: NAM and Europe in 2025 Challenge: mechanization, reengineering2025 ANNUAL RESULTS - MARCH 12, 2026 01
CONTINUOUS COMMERCIAL DYNAMICS
OPENING OF CANADA
Strengthened strategic partnership with a global leader in e-commerce
Opening of a 70,000 m² logistics site
300 employees in Toronto
Good quality of service as soon as the 1st Black Friday
C A N A D A : 1 9 T H C O U N T R Y O F I D L O G I S T I C S
7
2025 ANNUAL RESULTS - MARCH 12, 2026 01
PROGRAM
LAUNCH IN 2025
3 internal program rulesReliability
Deployment capacity and consistency
ROI driver
Top-downEstablishment of a standardized database centralizing key information from various operational IT tools
Management of disruptive innovations across several key functions of contract logistics (Robot Astrid, Digital Twin, etc.), supported by proprietary AI
Bottom-upIdentification of operational needs and opportunities for improvement in order to fuel innovation initiatives and tool development
2025 ANNUAL RESULTS - MARCH 12, 2026
PROGRAM
EXAMPLE OF VALUE CREATION IN KEY FUNCTIONS OF A LOGISTICS SERVICE
01 Reception
From a manual process to a zero-defect solution
Transport management 06
From traditional management to
AI-assisted steering
AI
AI speeds up and improves the reliability of the receiving inspection process
AI filters emails, TMS events AI
and suggests actions
Shipping 0J
From standardized shipping to
smart shipping
WAREHOUSE
02 Inventory management
From spot counting to continuous inventory
AI
AI checks product availability daily and optimizes capital tied up
EntrepôtA digital twin to prevent AI
any risk of delays or errors
04 Order preparation
03 Product reference implementation
From a standard layout to data-driven slotting
AI AI checks and optimizes the positioning of each product based on sales forecasts
9
01
From moving operators to a fixed workstation
2025 ANNUAL RESULTS - MARCH 12, 2026
AI AI orchestrates people, robots, and priorities in real time
1/ RECEPTION
PROGRAM
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
01
AI speeds up and improves the reliability of the receiving inspection process
Reception
Damage detection
Stereovision measurement
Camera label reading
B4
Scanning via PDA
Manual product measurement Visual quality control
AI
Automatic scanning
Product measurement using stereovision Automatic damage detection
PROGRAM
2/ INVENTORY MANAGEMENT
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
02
AI checks product availability daily and optimizes capital tied up
Inventory management
B4
Manual operations Operations shutdown Annual inventory
AI
Robotic process
Co-activity with operations Daily passage
PROGRAM
3/ PRODUCT IMPLEMENTATION
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
03
AI checks and optimizes the positioning of each product based on sales forecasts
Product layout
B4
Standard layout of references
Manual optimization based on limited criteria Limited reorganization frequency
AI
AI-optimized reference positioning Multi-criteria optimization Continuous reengineering
PROGRAM
4/ ORDER PREPARATION
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
04
AI orchestrates people, robots and priorities in real time
Order preparation
B4
Movement of personnel toward products Limited ergonomics
Risk of error
AI
Products transported to robots
Data entry systems assist order pickers Camera monitoring of order picking
5/ SHIPPING
PROGRAM
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
0J
A digital twin to prevent any risk of delays or errors
Shipping
B4
Visual inspections Limited data available Human decisions
AI
Real-time hypervision Instantly accessible data
AI assistance in decision-making
PROGRAM
6/ TRANSPORT MANAGEMENT
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
06
AI filters emails, TMS events and determines priorities and suggests actions
Transport management
B4
Coordination of operations by email and telephone Responses written manually
Decisions and priorities set in action
AI
AI lists priorities and suggests actions Concrete improvement in service levels Optimization of administrative workload
SUMMARY
PROGRAM
CREATE VALUE IN THE 6 KEY FUNCTIONS OF A LOGISTICS SERVICE
AI
Artificial Intelligence in logistics services:
Increases productivity
Improves service quality, particularly by minimizing stockouts and inventory discrepancies
Responds to the constant expansion of product ranges and the increase in the number of SKUs
Strengthens customer partnerships through data management
For ID Logistics, this means:Strengthened commercial potential
Secure margins
Improved renewal rates
202J RESUĮTS
17
REVENUES
+16.0% €3,737m
€3,271m
-1.8%
2024 Currency effect Like-for-like 2025
GROWTH OF +16,0% LIKE-FOR-LIKE
In €m | 2025 | % Group | Change like-for-like |
France | 985.3 | 26% | +13.5% |
Europe (excl. France) | 1,773.2 | 48% | +12.0% |
North America | 699.8 | 19% | +31.9% |
Other | 278.7 | 7% | +15.8% |
International | 2,751.7 | 74% | +16.9% |
Total revenues | 3,737.0 | 100% | +16.0% |
UNDERLYING EBITDA AND OPERATING INCOME
UNDERLYING EBITDA +13.2% (-10 bps) - UNDERLYING OPERATING INCOME +11.8% (-10 bps)
444.7
16.2%
136.4
13.8%
165.2
4.4%
122.4
4.4%
42.8
4.3%
Var.
France
2024
2025
Var.
International
2025 2024
Var.
Total
2024
2025
In €m
581.1
15.6%
Underlying EBITDA
% of revenues
Underlying operating income
% of revenues
513.5
15.7%
147.8
4.5%
+13.2%
-10bps
+11.8%
-10bps
386.9
16.1%
111.4
4.6%
+14.9%
+10bps
+9.9%
-20bps
126.6
14.6%
36.4
4.2%
+7.7%
-80bps
+17.6%
+10bps
Impact of starting 27 new operations in 2025 under control
International
Good productivity ramp up for the 18 projects started in 2024
Controlled impact of costs for the 21 projects started in 2025
Launch of operations in Canada
Foreign exchange impact of -€2.7 million vs. 2024
France
Good productivity ramp up for the 8 projects started in 2024
Limited impact of the costs of the 6 projects started in 2025
NET INCOME
GROUP SHARE OF NET INCOME UP +19.9%
Group share of net income
% of revenues
63.3
1.7%
52.8
1.6%
Underlying operating income
Amort. of customer relationships acquired Net financial expenses
of which IFRS 16
Income tax
Income from associates Net income
Minority interest
147.8
(6.7)
(67.4)
(36.2)
(20.8)
1.1
53.9
(1.1)
(1.1)
64.4
165.2
(6.6)
(70.2)
(46.6)
(25.5)
1.5
In €m 2025 2024
Net financial expenses
Decrease of €7.6 million in the cost of financing operational investments, acquisitions, and other items to €23.6 million
Increase of €10.4 million in the impact of IFRS 16 lease commitments to
€46.6 million, in line with business activity
Income tax
CVAE stable at €1.8m in 2025
Effective tax rate excluding CVAE up to 27.3% (vs. 26.5% in 2024)