lastminute.com N.V. (LSMNF) Q4 2025 Earnings Call Transcript

Operator

Good morning, and welcome to the lastminute.com Full Year 2025 Financial Results Conference Call. Today’s call will be hosted by Julia Weinhart, Head of Investor Relations; and joined by Alessandro Petazzi, Chief Executive Officer; and Diego Fiorentini, Chief Financial Officer. [Operator Instructions] Please note that this call is being recorded.

At this time, I’d like to turn the call over to Julia, Head of Investor Relations. Please go ahead.

Julia Weinhart
Head of Investor Relations

Thank you, Matilda. Good morning, everyone, and thank you for joining us today for our second call of the year. Today, we will present the final 2025 audited results as previewed in February. We have also this morning published our Annual Report and Sustainability Report 2025. These are now available on our corporate website. Along the results, we will share our latest development. And after the presentation, we will be happy to address your questions.

With this, I will hand over to Diego now to start the presentation.

Diego Fiorentini
Chief Financial Officer

Thank you, Julia, and good morning to everybody. Today, we released our full year 2025 audited results, fully aligned with the preliminary figures we shared earlier this year. This resulted in a solid top line and profitability growth. Gross travel value grew 19% across the board. Revenue rose 15% to EUR 361 million, exceeding our guidance. Gross profit improved 10% even if we scale up our marketing investments.

At the same time, we saw a meaningful acceleration in profitability. Adjusted EBITDA increased 33% to EUR