Interparfums Reports Revenue of €899.4 Million in 2025, Up 2%
Interparfums released its annual 2025 results on February 25, 2026. The group recorded a revenue increase of 2% to €899.4 million, while net income attributable to the group fell by 3% to €126.6 million.
Financial Performance Details
Interparfums generated revenue of €899.4 million in 2025, marking a 2% increase compared to the previous year. The operating margin was set at 19.5% and the net margin at 14.1%. The net income attributable to the group reached €126.6 million, down 3% year-over-year. This decrease in net income is due to several factors impacting profitability. The introduction of tariffs in the United States accounted for approximately €7.6 million. Adverse exchange rate movements, particularly against the dollar, also affected margins. The group recorded a decline in gross margin of about one percentage point. Excluding the impact of tariffs, the group indicates that margins remain stable. Despite this challenging environment, profitability remains high, reflecting the robustness of Interparfums' business model.
Investments and Shareholder Returns
Interparfums invested €192 million in marketing and advertising during 2025, representing over 21% of the revenue. The group integrated three new brands, identified as having potential for development. For 2026, marketing investments will be increased to prepare for launches planned in 2027 and 2028. Regarding shareholder remuneration, Interparfums proposes a dividend of €1.05 per share, remaining stable compared to the previous year. The payout ratio is close to 70%. The group also plans a free share allocation, marking the 27th consecutive year of this practice. The group's net cash stands at approximately €63 million, while equity reaches €732 million, representing nearly 70% of the balance sheet, indicating a strong financial structure.
Outlook for Early 2026
Interparfums anticipates a downturn in the first quarter of 2026, attributed to three main factors: a high comparison base from the same period last year, a stronger euro against the dollar, and a later launch schedule. The group notes limited visibility in the short term but maintains confidence in the medium term. The group has also seen an improvement in its ESG ratings from MSCI, Sustainalytics, and Ecovadis. Interparfums' climate trajectory has been validated by the Science Based Targets initiative. The board of directors maintains parity and independence within its bodies.
