GLOBAL FASHION GROUP REPORTS Q2 2025 RESULTS
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EQS-News: Global Fashion Group S.A.
/ Key word(s): Half Year Results/Half Year Report
Luxembourg, 14 August 2025 – Global Fashion Group S.A. (“GFG” or the “Group”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, today reported an Adjusted EBITDA profitable second quarter, driven by stronger Gross Margins and cost control, with stable Group NMV and Revenue.
Q2 2025 Highlights (growth rates at constant currency)
Christoph Barchewitz, CEO of GFG, said: “We have achieved positive Adjusted EBITDA for the Group in Q2, with improvement across all our regions in the half, driven by our ongoing cost savings initiatives and a strong topline recovery in two out of three regions. While Group NMV and Revenue have stabilised, robust growth in LATAM and ANZ, supported by positive customer momentum, has been partially offset by continued challenges in SEA. We remain focused on building sustainable growth and delivering value for our customers and brand partners in all regions.” In Q2 2025, GFG continued to stabilise topline delivering €249 million of Net Merchandise Value (“NMV”), representing a (0.4)% decrease year-on-year (“yoy”) on a constant currency basis. NMV was supported by a 1.8% yoy increase in Average Order Value which was offset by a (2.1)% yoy decline in Orders. The rate of Active Customers decline continued to slow to (2.5)% yoy in Q2 as a result of improved customer retention. GFG’s topline momentum was driven by ANZ and LATAM with GFG’s largest regions maintaining positive NMV growth for a third consecutive quarter. LATAM’s Q2 NMV increased 10.2% yoy, benefitting from double-digit growth in both Brazil and Colombia, while ANZ’s NMV increased 5.8% yoy, driven by high participation in campaign events, enhanced delivery offerings in key cities and the growing strength of the Marketplace offering. ANZ delivered a second quarter of customer growth with Active Customers increasing 4.3% yoy, exceeding 2 million Active Customers in Q2. In SEA, NMV declined by 22.5% as the business continued to prioritise profitability while refocusing its Fashion & Lifestyle assortment in a competitive market. All regions delivered Gross Margin expansion and contributed to the Group achieving a record Gross Margin of 47.7% in Q2, increasing 2.9ppts yoy. This improvement was driven by stronger Retail Margins, resulting from lower discount rates and a fresher assortment, and higher Marketplace share. The combined impact of margin expansion and cost reduction initiatives drove a 3.9ppt yoy improvement in Adjusted EBITDA margin reaching 1.8% for Q2. In the second quarter, Normalised Free Cash Flow (“NFCF”)2 was broadly breakeven at €(1) million driven by profitability improvements and reduced yoy capital expenditure. During the quarter GFG completed a €7 million bond buyback and ended the period with a strong Balance Sheet, with €151 million of Pro-Forma Cash and €97 million Pro-Forma Net Cash. GFG reconfirms its full year guidance for 2025: NMV is expected in a range of (5)-5% yoy on a constant currency basis, implying €1.0-1.1 billion of NMV; Adjusted EBITDA is expected to be breakeven.
KPI and financial definitions, including alternative performance measures are available in the 2024 Annual Financial Report. For inquiries, please contact: Chris MacDonald Head of Investor Relations & Communications investors@global-fashion-group.com press@global-fashion-group.com Forward-looking Information This announcement contains forward-looking statements. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in this announcement, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this announcement or the underlying assumptions. About Global Fashion Group Global Fashion Group is the leading fashion and lifestyle destination in LATAM, SEA and ANZ. From our people to our customers and partners, we exist to empower everyone to express their true selves through fashion. Our three ecommerce platforms: Dafiti, ZALORA and THE ICONIC connect an assortment of international, local and own brands to 800 million consumers from diverse cultures and lifestyles. GFG’s platforms provide seamless and inspiring customer experiences from discovery to delivery, powered by art & science that is infused with unparalleled local knowledge. Our vision is to be the #1 fashion & lifestyle destination in LATAM, SEA and ANZ, and we are committed to doing this responsibly by being people and planet positive across everything we do. (ISIN: LU2010095458) For more information visit: www.global-fashion-group.com
14.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Global Fashion Group S.A. |
| 5, Heienhaff | |
| L-1736 Senningerberg | |
| Luxemburg | |
| E-mail: | investors@global-fashion-group.com |
| Internet: | ir.global-fashion-group.com |
| ISIN: | LU2010095458 |
| WKN: | A2PLUG |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2183654 |
| End of News | EQS News Service |
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2183654 14.08.2025 CET/CEST
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