Puig Manufacturers, S.A. (PUGBY) This autumn 2025 Earnings Name February 18, 2026 3:00 AM EST
Firm Contributors
Marc Puig Guasch – Chairman & CEO
Joan Ramis – Chief Monetary Officer
Convention Name Contributors
Aron Adamski – Goldman Sachs Group, Inc., Analysis Division
Jeff Stent – BNP Paribas, Analysis Division
Celine Pannuti – JPMorgan Chase & Co, Analysis Division
Fernando Abril-Martorell – Alantra Equities Sociedad de Valores, S.A., Analysis Division
Thomas Randall – Jefferies LLC, Analysis Division
José Rito – Banco BPI, S.A., Analysis Division
Jie Zhang – AlphaValue SA
David Da Maia – CIC CIB, Analysis Division
Presentation
Unknown Government
Good morning, and thanks for becoming a member of us as we talk about our outcomes for the fiscal 12 months 2025 that ended on December 31, 2025. At the moment, we’ve got with us our Chairman and CEO, Marc Puig; and our CFO, Joan Albiol. Marc and Joan will share some temporary remarks on the efficiency, monetary outcomes and outlook. We are going to then open up the road for Q&A.
You will see that this presentation, the press launch and different supporting regulatory paperwork on our web site. Additionally, you will be capable to entry a replay of this recording shortly additionally on our web site. Marc?
Marc Puig Guasch
Chairman & CEO
Good morning, everybody. 2025 was one other 12 months of robust supply for Puig. We achieved document gross sales surpassing the EUR 5 billion milestone in internet income, representing plus 7.8% like-for-like and plus 5.3% reported progress on the high finish of our 6% to eight% like-for-like progress outlook for 2025.
Gross revenue margin improved additional to 75.1% regardless of the impression of tariffs and international alternate over the course of 2025, a mirrored image of our continued robust execution capabilities at scale. Adjusted EBITDA reached EUR 1.045 billion with a margin of 20.7%. That is a formidable enchancment versus 20.2% in 2024 and comfortably above our steerage for the 12 months.
