FY 2025 financial results
Presenters
Alessandro Petazzi
Chief Executive Officer
Diego Fiorentini
Chief Financial Officer
Safe Harbour Statement
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Agenda
01
FY 2025 results
Diego Fiorentini
02
Owning the customer experience
Alessandro Petazzi
03
Geopolitical context: Middle East
Alessandro Petazzi
04
Financial Calendar 2026
Julia Weinhart
FY 2025 audited performance
GTV
+19%
vs. FY 2024
Packages +3%
Flights +53%
REVENUES*
+15%
vs. FY 2024
Packages +11%
Flights +31%
GROSS PROFIT
+10%
vs. FY 2024
Packages +8%
Flights +24%
FY Adj. EBITDA
€54.9m
+33% vs. FY 2024
FY Adj. EBITDA -CAPEX
€32.4m
vs. €16.2m FY 2024
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(*) REVENUES, defined as the ordinary margins generated through the sale of travel services (together with ancillaries, over commissions, kickback and other indirect revenue), including the negative effects coming from the cancellation of bookings and the other income from the voucher misredemption. They are also defined as managerial revenues.
Proposed Dividend at the AGM 2026
Normalised Net Result at EUR 14.2m (vs EUR 15.7m in FY 2024).
For 2025, the Board will propose a dividend of
EUR 0.41* per share in line with last year's payout.
To be approved at the Annual General Meeting on June 24th, 2026.
The Board's dividend proposal is in line with the 30-35% payout ratio policy, with net result adjusted for non-cash and non-recurring items related to the discontinuation of the Cruise business.
*Payment will be made in CHF.
Our 4 Sustainability Pillars
Ethical & Transparent Governance
Climate & Environmental Protection
4Sustainability pillars
People & Community Impact
Customer Experience & Responsible Tourism
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Read the full 2025 Sustainability Report on our Corporate Website.
Our ESG Rating Achievements
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Visit CDP
Key Takeaways
FY25 delivered strong performance
Results are consistent with February's unaudited figures.
Proposed Dividend The Board proposes to maintain a dividend of EUR 0.41, adjusting for non-cash, non-recurring items despite lower
Consistent delivery with 2025 commitments
Revenues: low double-digit growth
Adj. EBITDA: around 20% growth
year-over-year net profit.
REVENUES
+15%
vs. FY 2024
Adj. EBITDA
+33%
vs. FY 2024
9
Agenda
01
FY 2025 results
Diego Fiorentini
02
Owning the customer experience
Alessandro Petazzi
03
Geopolitical context: Middle East
Alessandro Petazzi
04
Financial Calendar 2026
Julia Weinhart
Our mission evolves to own the customer experience
WH/ W€ €XI£T
PURPOSE
"To own the complexity of travel
so people can discover the world"
WH4T W€ W4‡T TO 4CHI€V€
HOW W€ WILL 4CHI€V€ IT VISION
MISSION
"To design, deliver and take responsibility for curated, integrated travel experiences so people can travel with confidence"
"To be the definitive travel curator and companion"
11
Agenda
01
FY 2025 results
Diego Fiorentini
02
Owning the customer experience
Alessandro Petazzi
03
Geopolitical context: Middle East
Alessandro Petazzi
04
Financial Calendar 2026
Julia Weinhart
Geopolitical Context: Middle East
D€stł‡4tł0‡s 0‡ th€ 4łs€
To date, 17K bookings were affected by the regional disruption. That equates to only one day and an half of normal business operations.
We are observing a shift in demand, with Spain, Portugal, and Italy each growing by over 10% year-on-year, in line with broader industry trends toward these markets.
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Geopolitical Context: current market trends
Third party market trends
tłmł‡g shł/ts
Consumers are delaying purchase decisions rather than canceling.
T4ust & /5€xł&ł5łt/ 0T€4 p4łG€
Risk mitigation factors -such as no cancellation fees, money-back guarantees, and flexible dates -collectively outweigh any single incentive.
D€M4‡D
£hł/t
Wait-and-see attitude is driving a shift in demand from packages
towards standalone flights and hotels.
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Our asset-light model, combined with a diversified product portfolio and a focus on selling Europe to European travellers, provides a natural hedge against disruptions in other regions.
Source: Google Consumer Surveys, March 2026, UK
Maintaining FY26 outlook
FY26 outlook
~10% growth
REVENUES Adj. EBITDA
15
Agenda
01
FY 2025 results
Diego Fiorentini
02
Owning the customer experience
Alessandro Petazzi
03
Geopolitical context: Middle East
Alessandro Petazzi
04
Financial Calendar 2026
Julia Weinhart
Financial Calendar 2026
15 January 2026 Baader Swiss Equities Conference - Bad Ragaz
12 February 2026 Announcement of preliminary unaudited FY 2025 results
2 April 2026 Publication of the Annual Report 2025
6 May 2026 Publication of Q1 2026 Trading Update
13 May 2026 Kepler Cheuvreux Annual Swiss Seminar Zurich
24 June 2026 Annual General Meeting
25 June 2026 Davy Annual Transport Conference
30 July 2026 Publication of H1 2026 Report
21 September 2026 Baader Investment Conference Munich
29 October 2026
23-25 November 2026
Publication of Q3 2026 Trading Update Deutsches Eigenkapitalforum Frankfurt
Our coverage:
Volker Bosse - Baader Bank
Baptiste de Leudeville - Kepler Cheuvreux Daniel Buerki- ZKB
Investor information: lastminute.com N.V.
Listing: SIX Swiss Exchange Trading currency: CHF Ticker symbol: LMN
ISIN: NL0010733960
Contact Information:
Julia Weinhart
Head of Investor Relations
investor.relations@lastminute.com
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FY 2025 financial results
Thank youinvestor.relations@lastminute.com https://www.lastminute.com
Appendix
Appendix: Strategic direction
2 enablers
Embracing AI Scalability
Strengthening Market Presence
+ 4
core drivers
Brand Portfolio
Focus
Dynamic Packages Evolution
Travel Companion
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