LuxExperience BV · Q2 2026 earnings

Briefing

LuxExperience returns to adjusted EBITDA profitability as Q2 net sales rise 5.7% ex-FX

LuxExperience B.V. reported Q2 fiscal 2026 results for the quarter ended December 31, 2025, with consolidated net sales of €645.1 million, up 1.1% reported and 5.7% ex-FX. The group returned to positive adjusted EBITDA of €13.2 million (2.0% margin) and generated €118.5 million in operating cash flow. Mytheresa led with net sales of €242.7 million (+11.6% ex-FX) and a 9.3% adjusted EBITDA margin, while NET-A-PORTER and MR PORTER and the YOOX off-price segment showed sequential improvement under the transformation plan. The company narrowed FY26 guidance to GMV of €2.5–2.7 billion and an adjusted EBITDA margin of -1% to +1%. This amended 6-K/A also corrected weighted average shares outstanding to 140.1 million for the quarter.

• Consolidated net sales reached €645.1 million, up 5.7% on a constant-currency basis, with group adjusted EBITDA of €13.2 million and a 2.0% margin.
• Mytheresa net sales grew 8.8% to €242.7 million with GMV up 12.7% ex-FX and adjusted EBITDA margin expanding to 9.3% from 7.3% a year ago.
• NET-A-PORTER and MR PORTER net sales were €277.1 million with adjusted EBITDA of -€1.9 million, while YOOX off-price net sales were €125.3 million with adjusted EBITDA of -€7.5 million.
• Operating cash flow was €118.5 million as SG&A cost ratios improved under the transformation plan targeting medium-term €4 billion net sales and a 7–9% adjusted EBITDA margin.
• FY26 guidance was narrowed to GMV of €2.5–2.7 billion and an adjusted EBITDA margin of -1% to +1%; GAAP net loss from continuing operations was €12.6 million, or €0.09 per share.

Headline financials

Revenue & EPS history

LuxExperience narrowed FY26 guidance to GMV of €2.5–2.7 billion (previously €2.4–2.7 billion) and an adjusted EBITDA margin of -1% to +1% (previously -2% to +1%), reflecting transformation plan progress.