Mister Spex Reports Significant EBITDA Improvement in FY2025 Following Transformation Phase

Mister Spex SE announced its full-year 2025 financial results, marking the completion of its first transformation phase. Net revenue declined 16% to €181 million due to deliberate pricing discipline and exits from unprofitable international online markets. However, structural earnings power improved significantly, with EBIT rising by €59 million year-on-year to -€26 million and gross margin expanding by 580 basis points to 55.6%. The German store network reached structural profitability, with 45 stores operating at break-even or above. For 2026, Mister Spex expects net revenue to decrease between 0% and 10% compared to 2025. The company will adopt adjusted EBITDA as its key performance indicator and implement a two-business-unit structure separating online and offline operations.