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on Global Fashion Group S.A. (isin : LU2010095458)

Global Fashion Group Shows Q3 Improvement

Global Fashion Group S.A., a leading fashion and lifestyle platform, reported its Q3 2025 results, showing significant improvement in Adjusted EBITDA due to enhanced gross margin and strict cost management. The company aims for a breakeven in full-year Adjusted EBITDA.

In Q3 2025, the company experienced a slight decline in Net Merchandise Value (NMV) of 0.4% compared to Q3 2024. Nevertheless, regions like ANZ and LATAM saw NMV growth of 4.9% and 3.8%, respectively. This contrasted with SEA experiencing a 15.0% NMV decrease.

Gross margin improved to 46.1%, driven by increased Marketplace and Platform Services, contributing to a positive Adjusted EBITDA margin of 0.6%. GFG ended Q3 with €136 million in pro-forma cash and €85 million in net cash.

The company revised its full-year NMV guidance slightly upward, expecting a range between €1,010 and €1,060 million. GFG remains focused on enhancing liquidity and managing outstanding bonds strategically.

R. H.

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