Under the motto "Relax, it's Miko Coffee…", the group focuses entirely on coffee services. It provides tailor-made solutions to businesses, the hospitality sector and institutions. Miko does not only suppy coffee, but also other hot drinks, related products and professional coffee machines. The group has its own branches in 12 countries and, through TIN (Tea Import Network), operates its own tea import business.
Group turnover grew by 12.3% to €311.3 million. EBITDA rose by 13.1% to €40.6 million, EBIT by 19.3% to €10.9 million and net profit by 24.3% to €5 million.
These figures are recurring and do not consider the loss recorded in 2024 following the sale of private label producer SAS, nor the exceptional income received by Miko from the Danish company Faerch. *
In 2025, €18.2 million was invested in tangible fixed assets. This primarily consists of commercial investments in coffee machines that are installed at customers' premises on a rental or loan basis - a key component of the group's service-oriented business model.
The Board of Directors proposes to the general meeting that, like last year, a gross dividend of €1.87 per share be paid.
Karl Hermans, who took up the post of CEO of the Miko Group on 1 January 2026, explains: "When Arabica prices skyrocketed at the end of 2024 and we realised that in 2025 we would have to pay an average of 3 to 4 euros more per kilo of green coffee, we could not possibly have hoped to end the year in this way. Miko roasts more than 9,000 tonnes of coffee annually, meaning that the impact of this unprecedented price rise potentially amounted to more than 30 million euros.
Thanks to the collective effort of all our staff, we were able to implement necessary price increases in the market, kept other costs under control and still achieved organic growth. This proves that customers value our high level of service and the quality of our coffee.
It appears that price volatility in the coffee market is becoming a structural feature. In addition to the current geopolitical tensions, the challenge for the coming years will be to restore our profitability to pre-pandemic levels. Furthermore, our colleagues will be working hard to complete our new construction project. We will soon reap the benefits of a new, sustainable and state-of-the-art roasting facility. In any case, we are embarking on our company's 225th year with the necessary enthusiasm."
* taking into account the exceptional events mentioned, net profit would have evolved from -11.5 million in 2024 (this is due to, in addition to the aforementioned recurring net profit, a positive effect from the plastic earn-out of 5 million and a negative effect from the loss recognised following the sale of SAS of 20.1 million) to +11.8 million in 2025 (due to the second earn-out payment of 6.75 million)
ABOUT MIKOMiko has been active in the coffee service sector for over 200 years. In 2025, the group achieved a turnover of 311.3 million euros. Miko is an international group with subsidiaries in Belgium, France, the United Kingdom, the Netherlands, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia and Australia.
ENDFor further information, please contact:
Karl Hermans - CEO Miko Group
+32 (0)495 10 27 12
Further information about Miko can be found at miko.eu and mikogroup.be
31/12/2025 (KEUR) | 31/12/2024 (KEUR) | |
Revenu | 311.318 | 277.132 |
Revenue - sale of goods | 298.473 | 264.700 |
Revenue - leasing | 13.759 | 11.988 |
Revenue - sale of fixed assets | -914 | 444 |
Other operating income | 10.802 | 11.100 |
Total expenses | -310.170 | -278.216 |
Raw materials & consumables used | -151.801 | -124.925 |
Employee benefit expense | -88.579 | -85.854 |
Depreciation and amortization | -27.911 | -25.714 |
Other operating expenses | -41.879 | -41.723 |
Operational result before interests and taxes (EBIT) | 11.951 | 10.016 |
Net financial result | -4.486 | -3.568 |
Financial income | 103 | 289 |
Financial costs | -4.589 | -3.857 |
Profit before taxes | 7.465 | 6.448 |
Taxes on result | -1.675 | -2.300 |
Results of the continued activities | 5.790 | 4.148 |
Result of discontinued activities | 6.750 | -15.501 |
Net profit of the group | 12.540 | -11.353 |
Attributable to minority interests | -773 | -107 |
Attributable to Miko shareholders | 11.767 | -11.460 |
Earnings per share Weighted average number of shares | 1.242.000 | 1.242.000 |
Basic earnings per share, Attributable to Miko shareholders (in euro)
9,47 -9,23
Weighted average number of shares after dilution 1.223.246 1.211.378
Diluted earnings per share,
Attributable to Miko shareholders (in euro)
9,62 -9,46
31/12/2025 (KEUR) 31/12/2024 (KEUR) Net profit of the group 12.540 -11.353Currency translation differences (items that may be reclassified to profit or loss)
216 -506
Other items of comprehensive income (items that will not be reclassified to profit or loss) | 0 | 0 |
Comprehensive income for the year | 12.756 | -11.859 |
Attributable to Miko shareholders | 11.983 | -11.966 |
Attributable to minority interests | 773 | 107 |