Miliboo returns to profitability in 2025-2026, record revenue of €44.1m
Miliboo published its results for the 2025-2026 fiscal year on July 30, 2026, marked by a return to profitability and revenue growth exceeding 13%. The online design furniture sales group thus displays a clear operational turnaround, generating a net profit of €0.3m and positive EBITDA of €0.8m. This reversal occurs, however, in a macroeconomic context that management describes as remaining "demanding", marked by uncertainty over consumption and the real estate sector.
Double-digit growth and gross margin improvement
Annual revenue stands at €44.1m, up 13.1% compared to the previous fiscal year, constituting a new record for the company. This growth is primarily driven by an increase in volumes of approximately 20%, while the price effect proved controlled at −5.7%. France, which represents 83% of revenue, grows by 13.5% to €36.6m, while International shows growth of 10.4% to €7.4m. The group maintained a high gross margin rate of 60.6%, improving by 0.5 percentage points compared to the previous fiscal year. This relative stability in margins, despite marked volume growth and increased logistics expenses, reflects disciplined management in a market described as competitive.
Operational turnaround despite a cost structure under pressure
The group records positive EBITDA of €0.8m for the fiscal year, marking a return to profitability after a loss-making period. This EBITDA includes an increase in logistics expenses linked to higher volumes as well as one-off expenses to strengthen operational oversight and security. Operating profit comes in positive at €0.3m after depreciation and provisions. In the absence of net financial charges and significant taxes, the annual net profit stands at €0.3m. The weight of marketing expenses remains stable at approximately 11% of revenue.
Balanced cash position and extension of strategic management
As of April 30, 2026, Miliboo has available cash of €3.2m and gross bank debt of €3.2m (of which €2.2m in loans taken out during the fiscal year), establishing net cash at break-even. Cash flows generated by operations come in positive at €0.1m, including self-financing capacity of €0.8m, while changes in working capital requirement come in negative at −€0.7m, notably due to inventory accumulation to ensure optimal product availability. Net investments for the period remain low at −€0.3m. Guillaume Lachenal, Chief Executive Officer and founder, has agreed to extend his duties until March 31, 2027 (instead of September 30, 2026), to ensure continuity of general management in a context of persistent economic uncertainty. The group maintains vigilance over conditions described as demanding, with consumption and the real estate sector remaining marked by significant uncertainties.
