Q4 2025 Allegro.eu SA Earnings Call Transcript
Key Points
- Allegro.EU SA (ALEGF) achieved a 9% growth in Group GMV, nearing the PLN70 billion mark.
- Consolidated group revenue increased by 11% to PLN12 billion, with adjusted EBITDA rising over 15% year-over-year to PLN3.5 billion.
- The company successfully reduced leverage, maintaining a strong balance sheet even after a PLN1.4 billion share buyback.
- Allegro's international operations exceeded expectations, with international marketplaces in Czechia, Slovakia, and Hungary showing strong top-line growth and a 60% year-over-year GMV increase.
- The Allegro Smart! program reached 7.5 million users in Poland, with nearly 90% on paid subscriptions, indicating strong customer loyalty.
- The international segment is expected to run at a loss until 2029, which could impact overall profitability.
- There is a potential risk from geopolitical issues in the Middle East, which could affect consumer behavior and supply chains.
- Interest expenses increased in Q4 due to non-cash items related to loan restructuring, which could affect financial performance.
- The company faces competition from Chinese e-commerce platforms, which, although growing from a low base, could impact market share.
- The implementation of new parcel fees in Europe could affect the competitive landscape and operational costs.
Ladies and gentlemen, thank you for standing by, and I would like to welcome you to Allegro's Q4 2025 results conference call. (Operator Instructions) So without further ado, I will now pass the line to Tomasz Pozniak, Director of Investor Relations. Please go ahead.
Thank you, Rafael, and welcome to all participants of our call. Let me introduce the presenters of today. Mr. Marcin Kusmierz, the CEO of Allegro Group, will provide you with the highlights of Allegro performance in Q4 and full year 2025 with a summary of key takeaways towards the end of our presentation. And Mr. Jon Eastick, our CFO, who will guide you through the financials, update of medium-term aspirations and the outlook for the full year 2026.
As usual, our results presentation is available for download from our Investors web page at allegro.eu. You may also download these slides from the link available on the webcast screen. As a reminder, today's presentation and discussion contains forward-looking statements. Our actual
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