Mister Spex Reports Improved Q3 2025 Profitability Amid Revenue Decline and Store Acquisitions

Mister Spex SE reported improved profitability in Q3 2025, with EBIT rising by €10 million to -€4.6 million and gross margin increasing by approximately 600 basis points to 54.8%. Net revenue fell 18% year-on-year to approximately €47 million, reflecting a deliberate reduction in online promotional activity and the exit from unprofitable international markets. The company signed agreements to acquire four optical stores in Germany, expected to consolidate in Q1 2026. While online sales declined, store revenue grew 11%, driven by a 9% increase in prescription glasses sales. Free cash flow improved by €10.2 million to -€7.5 million. Mister Spex confirmed its 2025 guidance, expecting a net revenue decline of 10-20% and an EBIT margin between -5% and -15%.