AS Silvano Fashion Group Q2 2025 Interim Report Shows Decline in

AS Silvano Fashion Group has released its unaudited consolidated interim financial report for the first six months of 2025, showing a drop in sales and profitability compared with the same period in 2024 [4]. The company also announced shareholder‑resolution voting procedures that will run from late April to late May 2026 [1].

Key takeaways

• Revenue fell 5.7% to €28.428 million for H1 2025 [4].
• Net profit attributable to equity holders declined 18% to €5.781 million [4].
• Gross margin slipped to 53.1% from 57.0% a year earlier [4].
• Total assets grew 9.4% to €92.405 million, while cash fell 23.5% [4].
• Shareholders may vote on resolutions electronically or by post until 21 May 2026 [1].

Financial performance in the first half of 2025

The interim report indicates that the Group’s sales decreased to €28.428 million, a 5.7% decline from H1 2024, driven largely by a 12.7% drop in wholesale volumes [4]. Gross profit fell to €15.091 million, reducing the gross margin by 6.8 percentage points to 53.1% [4]. Operating profit contracted sharply to €5.961 million, a 30.4% reduction, and the operating profit margin fell to 21.0% [4]. EBITDA also declined 24.8% to €7.566 million, with the margin slipping to 26.6% [4]. Net profit attributable to equity holders of the parent company dropped 18.0% to €5.781 million, lowering the net profit margin to 20.3% [4].

Balance‑sheet changes and shareholder voting process

On the balance sheet, total assets rose to €92.405 million, up 9.4% year‑on‑year, while current assets increased by 10.6% to €78.392 million [4]. Equity attributable to the parent’s equity holders grew 10.4% to €72.852 million, but cash and cash equivalents fell 23.5% to €5.881 million [4]. The company also disclosed its upcoming shareholder‑resolution voting schedule: votes can be cast electronically with a digitally signed ballot or by sending a scanned paper ballot, and physical ballots may be delivered to the head office [1]. The voting period runs from 29 April to 21 May 2026, and shareholders who do not vote are deemed to have voted against the proposals [1].

Why it matters

The interim figures suggest that AS Silvano Fashion Group is facing pressure on both the wholesale side and profitability, despite modest asset growth. The decline in cash reserves alongside lower earnings may influence the company’s ability to fund future store expansions or other investments. The upcoming shareholder vote, which includes approval of the 2025 annual report and a decision on profit distribution, will determine whether the net profit of €9.229 million for the full year will be retained or allocated elsewhere [1]. Investors and analysts will be watching the outcome of the vote and the company’s next full‑year results for signs of a turnaround.