Overview

• Net revenue reached about €2.3 billion in the first half, up 7.6% like-for-like, with fragrance remaining the primary growth engine.
• Net profit rose to €275 million, an increase of 78.8% year over year, helped by the non-recurrence of exceptional IPO costs booked in 2024.
• Adjusted EBITDA grew 8.6% with the margin improving to 19.4%, supporting the company’s full-year guidance.
• Makeup returned to growth in the second quarter, led by Charlotte Tilbury’s Super Nudes and expanding Unreal franchise, and accounted for 15% of H1 revenue.
• Puig named Jose Manuel Albesa as Deputy CEO to oversee all divisions as it prepares for a typically stronger second half with planned launches including Carolina Herrera’s La Bomba.