Mister Spex Reports Improved Profitability in Q2 2025 Despite Revenue Decline

Mister Spex SE reported significantly improved profitability for the second quarter of 2025, with EBIT rising by €3.0 million to -€4.3 million. Net revenue declined 22% year-on-year to €53 million, driven by a deliberate reduction in online discount promotions which lowered demand in the sunglasses segment. However, gross margin increased by 504 basis points to 53.7%, supported by a better product mix featuring a higher share of prescription glasses (38%) and premium private label 'SpexPro'. The company launched its 'Mister Spex Switch' subscription model in stores in May 2025 and online in August 2025, alongside an Eye Health Check service. Operating cash flow turned positive at €0.4 million. Mister Spex adjusted its full-year revenue guidance to a decline of 10-20% but maintained its EBIT guidance.