Global Fashion Group SA (OTCPK:GLFGF)

Q3 2025 Global Fashion Group SA Earnings Call Transcript

Nov 7, 2025 / 08:00 AM GMT

Release Date Price: $0.3966

Transcript

Key Points

Positve

Global Fashion Group SA (XTER:GFG) achieved its first positive adjusted EBITDA on a last 12-month basis, marking a significant milestone.
Gross margin improved by 1.3 percentage points year over year to 46.1%, driven by a higher share of marketplace and platform services.
Order frequency increased by 0.4% year over year, marking the first increase since Q1 2023.
Both ANZ and Latam regions delivered top-line growth, with NMV growth of 4.9% and 3.8% respectively on a constant currency basis.
The company has a solid liquidity position with €136 million of pro forma cash and €85 million of pro forma net cash at the end of Q3.

Negative

Active customers declined by 2.3% year over year to 7.4 million.
Revenue decreased by 1.5% on a constant currency basis year over year.
The company continues to face FX headwinds, particularly with the Australian dollar down 8% year on year against the EUR.
Southeast Asia remains a challenged region, with ongoing efforts required to stabilize and turn around the business.
Normalized free cash flow for Q3 was negative €15 million, with a €6 million working capital outflow due to payables timing differences.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFG.DE - Global Fashion Group SA
Q3 2025 Global Fashion Group SA Earnings Call
Nov 07, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to Global Fashion Group's Q3 2025 results presentation.

I'm Helen Hickman, CFO of GFG, and I'm here today with our CEO Christoph Bartrez, who will join us for Q&A.

Today I will provide an overview of our 3rd quarter results and full year guidance. After that, we'll open it up for questions.

Starting with a summary of our Q3 performance, our NMV was broadly stable year on year, with a 0.4% decrease on a constant currency basis.

Our gross margin improved by 1.3% points year over year to reach 46.1%. Our adjusted EBITDA margin benefited from the gross margin expansion and disciplined cost management to deliver a strong 4.4% point improvement year over year

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