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Basic Net SpA Investor Presentation 2025
4229_rns_2025-10-30_a9016ee1-88bc-4889-8a9c-e91a7fb7d246.pdf
Investor Presentation
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Basiclet
9m2025 RESULTS CONFERENCE CALL
TURIN,30TH OCTOBER 2025
EXECUTIVE SUMMARY NETWORK ACTIVITY 9m 2025
02 03
GROUP INTERIM RESULTS 9m 2025
EXECUTIVE SUMMARY
Consolidated sales of 9m at € 303,4 million (+2,5% YoY) as adjusted EBITDA stands at € 39,8 million with a surge in Q3 (€ 24,7 million) reflecting a strong commercial activity. NFP with banks at zero entering Q4.
TOTAL AGGREGATED SALES
9m aggregated sales amounted to € 909,0 mln (+7,3% YoY) with mixed performances across the Brands. Aggregated sales of sourcing centers (ASSC) were up by +8,0% compared to 9m 2024, confirming the positive trend in Q1Q2 2026 order book vs Y-1.
EBITDA
9m EBITDA stood at € 39,8 mln (€ 40,6 mln in 2024) after the adjustment of extraordinary items (€ 2,3 mln) and € 18,3 mln in costs related to the K-Way transaction. 9m 24 benefitted from a non-recurring termination fee from a licensee (€ 4,9 mln). Q3 standalone recorded an € 24,7 mln performance mostly thanks to the fulfilment of a strong Q3Q4 wholesale order book across the Brands.
GROUP CONSOLIDATED REVENUES
Group consolidated revenues amounted to € 303,4 mln (+2,5% YoY) despite the change in business model of certain partners (from distributors to licensees) with negative impact on direct sales. Royalties from licensees overall followed the same dynamics as aggregated sales.
NFP WITH BANKS
Net Financial Position with banks at zero (compared to - € 108,6 mln at 9m 2024 and - € 90,8 at YE24) with the cash injection coming from K-Way transaction. The Group reacquired the operations of a French franchisee (€ 2,6 mln), purchased own shares (€ 9,8 mln) and distributed dividends to its shareholders (€ 7,4 mln).
TOTAL AGGREGATED SALES (TAS) € 909,0 mln € 303,4 mln
EBITDA* € 39,8 mln
CONSOLIDATED REVENUES
NFP WITH BANKS € 0,0 mln
NETWORK ACTIVITY
9m 2025
NETWORK ACTIVITY TOTAL AGGREGATED SALES
Aggregated Sales of Sourcing Centers (ASSC)
Aggregated Brand Sales (ASL)
€ 909,0 mln € 846,8 mln
9m2025 9m2024
ASL – GEOGRAPHIC AREA
| in € million | 30.09.25 | in % | 30.09.24 | in % | Var | Var % |
|---|---|---|---|---|---|---|
| Europe | 539,8 | 80,8% | 477,0 | 76,5% | 62,8 | 13,2% |
| Asia and Oceania | 30,0 | 4,6% | 31,1 | 5,0% | (1,1) | -3,7% |
| Americas | 30,4 | 4,7% | 44,2 | 7,1% | (13,8) | -31,2% |
| Middle East and Africa | 67,8 | 10,5% | 71,3 | 11,4% | (3,4) | -4,8% |
| Total ASL | 668,1 | 100,0% | 623,6 | 100,0% | 44,4 | 7,1% |
GROUP INTERIM RESULTS
9m 2025
CONSOLIDATED REVENUES
Consolidated real estate revenues
Net royalties from licensees
Direct sales of goods
€ 303,5 mln € 296,0 mln
9m2025 9m2024
QUARTERLY PERFORMANCE
ASL CONSOLIDATED REVENUES EBITDA ADJUSTED
EBITDA WALK
NET FINANCIAL POSITION
| · · | ١ |
|---|---|
| BasicNet | |
| / |
| in € .000 | 30.09.25 | in % | 30.09.24 | in % | Var | Var% |
|---|---|---|---|---|---|---|
| Sub-total net money holdings | 16.363 | -26,9% | (66.223) | 41,2% | 82.586 | -124,7% |
| Short-term portion of m/l term loans | (5.708) | (11.340) | 5.631 | -49,7% | ||
| Short-term net financial position | 10.655 | -17,5% | (77.563) | 48,3% | 88.217 | 29,5% |
| Long-term portion of m/l term loans | (10.464) | (30.668) | 20.204 | -65,9% | ||
| Financial leasing payables | (214) | (320) | 106 | -33,2% | ||
| Sub-total loans and leasing payables | (10.677) | 17,5% | (30.988) | 19,3% | 20.311 | -65,5% |
| Net financial position with banks | (23) | 0,0% | (108.550) | 67,6% | 108.528 | -100,0% |
| Right of use debts | (54.458) | (43.920) | (10.538) | 24,0% | ||
| Payables for future acquisition of company shares | (6.432) | (8.081) | 1.649 | -20,4% | ||
| Net financial position | (60.912) | 100,0% | (160.552) | 100,0% | 99.639 | -62,1% |
NET FINANCIAL POSITION WALK
| Commercial licensees or licensees | independent business owners, granted licenses to distribute Group brand products in their respective regions third-party entities whose function is to manufacture goods branded with the Group brands for the exclusive sale to Commercial licensees or to Group companies |
||||
|---|---|---|---|---|---|
| Productive licensees or sourcing centers | |||||
| Total Aggregated Sales (TAS) | the sum of Aggregated Brand Sales (ASL) and Aggregated Sales of Sourcing Centers (ASSC) | ||||
| Aggregated Brand Sales (ASL) | sales by commercial licensees – that generate royalties for BasicNet Group – and sales by the Group companies |
||||
| Aggregated Sales of Sourcing Centers (ASSC) | sales by productive licensees – that generate sourcing commissions for BasicNet Group |
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| Consolidated revenues | the sum of royalties, sourcing commissions, sales of products made by BasicNet Group companies and real estate revenues |
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| EBITDA | "operating result" before "amortisation and depreciation" | ||||
| Adjusted EBITDA | EBITDA pro-forma net of extraordinary non-recurring items and costs pertaining to the sale of the 40% interest in K-Way S.p.A. |
||||
| Net Financial Position | total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets |
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| Net Financial Position with banks | Net Financial Position, excluding IFRS 16 and financial liabilities for the acquisition of businesses |
