Campari closed 2025 with a organic growth in net sales of +2,4% At €3,05 billion (-0,6% overall). The company announced this on Wednesday, March 4th, after the stock market closed, after a trading session in which the stock remained essentially flat, just under €6 per share. The perimeter effect was +0,1%, primarily driven by Courvoisier, net of disposals and brands under distribution, while the exchange rate effect was -3%.
Adjusted EBIT amounted to €637 million (+5,4% organically and +5,3% overall). The adjusted EBIT margin stood at 20,9%, with an increase of 60 basis points, while adjusted EBITDA was equal to 785 million (+7,6% organically and +7,2% overall) with a margin of 25,7%. Campari Group's profit grew by 2,7% to 386 million in 2025, while adjusted group profit amounted to 346 million (+71,7%).
Net financial debt as of December 31, 2025 amounted to 1,95 billion, including earn-outs and put options for a total of 89 million, an improvement of 419 million compared to December 31, 2024, mainly thanks to solid cash generation and the impact of capital gains from disposals, partially offset by the payment of dividends of 78 million. The Board of Directors proposed to the Shareholders' Meeting the distribution of a dividend of 0,100 euros per share, compared to 0,065 euros in the previous financial year with an increase of +54% and a payout ratio of 35%.
“In 2025 – he commented CEO Simon Hunt We have faced challenges with resilience and achieved robust organic growth in both sales and profitability, while strengthening our strategic direction. Our Camparista team has enabled our brands to outperform and gain market share in nearly every market globally, with growth in 24 countries and across all our brand houses. Strong business momentum and the deleveraging process a year ahead of schedule they allowed us to increase the dividend payout, further strengthening shareholder returns, while maintaining our financial flexibility.”
Looking ahead to 2026, the manager continued, “we expect the pace of organic sales growth to continue and profitability to improve further. We remain fully confident in our ability to generate growth. long-term, margin-accretive and cash-generating, focused on new formats for new consumption occasions, a greater focus on strategic brands and an acceleration of geographical expansion, while ensuring continued balance sheet discipline.”
