from IEVA GROUP
IEVA GROUP ANNOUNCES THE ANNUAL RESULTS FOR ITS 5TH FINANCIAL YEAR.
IEVA GROUP
IEVA GROUP ANNOUNCES THE ANNUAL RESULTS
Registration link: https://app.livestorm.co/euroland-corporate/ieva-group-visiconference-investisseurs-resultats-annuels?s=148bcf7c-7383-442d-b70e-d13151012287
Paris (France) – April 8, 2026 – 07:30 a.m.
IEVA Group S.A. (Euronext Growth Paris – ISIN: FR0014015ND9, ticker: ALIEV-FR), a French beauty-tech group developing an integrated ecosystem of brands, services, and personalized experiences in the fields of beauty and wellness, based on proprietary diagnostic and data processing technologies powered by artificial intelligence algorithms and deployed through a proprietary model known as “Beauty as a Service®”, today announces its annual results for the fiscal year ended December 31, 2025.
Consolidated Revenue Overview
Consolidated revenue amounted to €25,619k in 2025, compared to €19,439k in 2024, representing an increase of +32%. The 2025 fiscal year includes three months of activity from My Little Paris, consolidated from October 1, 2025, contributing €7,246k in revenue over the period.
As a reminder, in 2025 the Group completed the acquisition of My Little Paris, a company specialized in the creation of lifestyle content and experiences, whose activities are primarily based on:
Revenue growth therefore mainly reflects the change in the consolidation scope over the period.
(Any apparent discrepancies in totals are due to rounding.)
Changes in the revenue breakdown notably reflect:
Like-for-like analysis
On a like-for-like basis, excluding the contribution from My Little Paris, consolidated revenue amounted to €18,373k in 2025, representing a -5% change compared to 2024.
In this context, the reported growth of +32% in 2025 is primarily driven by the integration of My Little Paris, a structuring external growth transaction.
Services and Royalties activities evolved in a macroeconomic environment characterized by:
These factors weighed on the aesthetics and specialized retail sectors, particularly impacting footfall in beauty institutes and sales momentum in traditional distribution channels.
By contrast, the Products segment demonstrated strong resilience. Significant growth in digital sales helped offset the decline of a historical distributor, which experienced a notable loss of market share in France and Italy.
In addition, starting in the fourth quarter of 2025, the Group initiated a diversification of its distribution networks, particularly in Italy, leveraging a leading player in selective distribution in Europe. These initiatives aim to strengthen long-term growth of the Products division, at the core of the brand strategy.
Pro forma consolidated revenue (12 months of My Little Paris activity from January 1 to December 31, 2025)
On a pro forma basis, including 12 months of activity from the My Little Paris group, consolidated revenue for 2025 would amount to €43,417k, with the following breakdown:
(Any apparent discrepancies in totals are due to rounding.)
This pro forma presentation highlights:
Consolidated Income Statement Overview
The Group’s consolidated income statement for the 2025 fiscal year is as follows:
(The data have been audited by the Group’s statutory auditor, who will issue their reports at a later date. The publication of the consolidated financial statements was authorized by the Board of Directors on April 7, 2026. Any apparent discrepancies in totals are due to rounding.) * Net of other operating income
The Group’s net income for the 2025 fiscal year amounted to -€8,283k, compared to -€3,608k for the 2024 fiscal year. Net income was impacted by the recognition of non-recurring, non-cash expenses totalling €5,382k, mainly comprising:
As part of the development of its activities, the Group launched a media campaign at the end of 2024 aimed at increasing brand awareness and supporting new customer acquisition. This specific campaign, with an initial duration of 12 months and spanning the 2024 and 2025 fiscal years, qualifies as a major and unusual event. Accordingly, the costs related to this campaign for both 2024 and 2025 were recognized as non-recurring (exceptional) items. For the 2025 fiscal year, these costs amounted to €2,415k. As the payment of these costs was made entirely through capital increases via debt offset, they are recorded as non-cash items in the consolidated cash flow statement.
As part of the review of the carrying amounts recorded in the consolidated balance sheet, the Group conducted an individual analysis as of December 31, 2025, including in particular goodwill, business assets and leasehold rights. This analysis was performed in accordance with applicable accounting standards, taking into account updated profitability forecasts and market conditions specific to each cash-generating unit. Following this review, the Group recognized impairment losses on certain intangible and tangible assets amounting to €2,841k and €126k, respectively. These impairment charges, recorded under “Operating impairment charges” for €1,498k and “Impairment of goodwill” for €1,469k, have no impact on the Group’s cash position.
Excluding non-recurring items related to impairment losses, adjusted operating income before depreciation, amortization and impairment of goodwill would amount to (€2,483k) for the 2025 fiscal year.
Adjusted for the non-recurring and non-cash items detailed above, totalling €5,382k, consolidated net income (Group share) would amount to -€2,901k for the 2025 fiscal year, compared to -€3,608k for the 2024 fiscal year.
In accordance with the financial information previously disclosed in Section 12 of the Information Document dated March 10, 2026, on a pro forma basis including 12 months of activity from the My Little Paris group from January 1 to December 31, 2025, the Group’s consolidated income statement for the 2025 fiscal year would be as follows:
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