The earnings call presented a balanced view with significant improvements in gross margin and adjusted EBITDA, positive trends in ANZ and LatAm regions, and a solid liquidity position. However, challenges such as a decline in active customers, FX headwinds, and ongoing difficulties in Southeast Asia were highlighted. The narrowed NMV expectation indicates a more stable outlook, but revenue and working capital issues remain concerns.

Company Guidance

In the Q3 2025 results call, Global Fashion Group (GFG) provided guidance for the full fiscal year, highlighting several key metrics. They reported a 0.4% year-over-year decrease in Net Merchandise Value (NMV) on a constant currency basis, while gross margin improved by 1.3 percentage points to 46.1%. Adjusted EBITDA margin saw a 4.4 percentage point improvement, reaching a positive 1.6%, marking the first positive adjusted EBITDA on a last 12-month basis. Active customers declined by 2.3% to 7.4 million, although order frequency increased by 0.4% to 2.3 times. The company's revenue decreased by 1.5% year-over-year on a constant currency basis, yet adjusted EBITDA improved by EUR 20 million compared to the previous year, resulting in a loss of EUR 7 million. Regionally, ANZ and LatAm showed positive NMV growth, while SEA faced challenges. GFG's liquidity position remained solid with EUR 136 million in pro forma cash. Looking ahead, GFG narrowed their NMV growth expectation to between negative 2% and positive 2% and anticipates achieving breakeven or single-digit million euro adjusted EBITDA for the full year.

Gross Margin Improvement

Gross margin improved by 1.3 percentage points year-over-year to reach 46.1%.

Adjusted EBITDA Margin Growth

Adjusted EBITDA margin improved by 4.4 percentage points year-over-year to a positive 1.6%, marking the first positive adjusted EBITDA on a last 12-month basis for GFG's current footprint.

Positive Trends in ANZ and LatAm

ANZ NMV grew by 4.9% and LatAm by 3.8% year-over-year on a constant currency basis. LatAm also returned to active customer growth.

Improvement in Free Cash Flow

Normalized free cash flow improved to EUR 11 million year-on-year, benefiting from a EUR 7 million improvement in adjusted EBITDA and EUR 6 million CapEx reduction.

Liquidity Position

Solid liquidity position with EUR 136 million pro forma cash and EUR 85 million pro forma net cash at the end of Q3.

Narrowed NMV Expectation

NMV expectation narrowed to negative 2% to positive 2% on a constant currency basis, indicating a more stable outlook.

Global Fashion Group (GB:0A5H) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:0A5H Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2026	2025 (Q4)	- / -	-0.121	―	―	―
Nov 07, 2025	2025 (Q3)	- / -	-0.245	―	―	―
Aug 14, 2025	2025 (Q2)	- / -	-0.245	―	―	―
Apr 29, 2025	2025 (Q1)	- / -	-0.455	―	―	―
Mar 05, 2025	2024 (Q4)	- / -0.12	-0.455	73.41% (+0.33)	―	―
Nov 14, 2024	2024 (Q3)	- / -	-0.345	―	―	―
Aug 14, 2024	2024 (Q2)	- / -0.24	-0.345	28.99% (+0.10)	―	―
Apr 30, 2024	2024 (Q1)	- / -	-0.153	―	―	―
Mar 06, 2024	2023 (Q4)	- / -0.46	-0.153	-197.39% (-0.30)	―	―
Nov 09, 2023	2023 (Q3)	- / -	-0.04	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:0A5H Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2025	€0.30	€0.28	-7.89%
Aug 14, 2025	€0.39	€0.38	-3.05%
Apr 29, 2025	€0.31	€0.29	-6.17%
Mar 05, 2025	€0.27	€0.30	+10.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Global Fashion Group S.A. (GB:0A5H) report earnings?

Global Fashion Group S.A. (GB:0A5H) is schdueled to report earning on Mar 11, 2026, Before Open (Confirmed).

What is Global Fashion Group S.A. (GB:0A5H) earnings time?

Global Fashion Group S.A. (GB:0A5H) earnings time is at Mar 11, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Global Fashion Group S.A. stock?

The P/E ratio of Global Fashion Group is N/A.

What is GB:0A5H EPS forecast?

Currently, no data Available

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