Full Year 2025 SMG Swiss Marketplace Group Holding AG Earnings Call Transcript

Mar 18, 2026 / 11:00AM GMT

Transcript

Key Points

Positve

SMG Swiss Marketplace Group Holding AG (WBO:SMGC) reported strong revenue growth of over 14%, reaching CHF332 million.
The company achieved a significant increase in adjusted EBITDA by nearly 30%, amounting to CHF180 million.
Cash conversion improved by 4%, reaching 81%, leading to a proposed dividend payout of CHF80.5 million.
The company successfully turned around a negative trend in agent accounts, growing to over 4,000 customers by December 2025.
SMG Swiss Marketplace Group Holding AG (WBO:SMGC) is leveraging AI to enhance user experience and operational efficiency, with new features like conversational search and automated listing descriptions.

Negative

Despite strong growth, there was a noted decline in average agency numbers, with a 3.6% decrease reported.
The company anticipates a slight decline in agent numbers in the first half of 2026 due to monetization steps.
Growth in the second half of 2025 slowed compared to the first half, attributed to cyclical dynamics and monetization maturity.
There is a potential dilutive impact on ARPA due to efforts to regain smaller agents who were previously lost.
The company faces challenges in maintaining cost efficiency while integrating advanced AI capabilities, given the global scarcity of AI engineering talent.

Operator

Ladies and gentlemen, welcome to the SMG full year 2025 Analysts and Investor conference call and live webcast. I am Moira, the Crus call operator. (Operator Instructions)

The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christoph Tonini, CEO of the Swiss Marketplace Group. Please go ahead.

Christoph Tonini

SMG Swiss Marketplace Group Holding AG - Chief Executive Officer

Yeah Hello everybody. My name is Christoph Tnini, CEO of SMG. I'm today together with Boris Gosson, our CFO, and, we warmly welcome you to, today's webcast. Today is an important milestone for us. It's the first time that we make an earning call as a listed company. And we are proud to report strong results 25, and that we can outline the foundation of our building sustainable growth also in the future for SMG.

Let me express before we start my appreciation for employees, mostly, but then also for our partners, the analysts, and especially also our investors who supported us during this 1st month as a listed

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