Tivoli A/S Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

458.20

440.60

375.10

69.90

429.90

435.70

364.90

Other Operating Income

0.00

Total Operating income

458.20

440.60

375.10

69.90

429.90

435.70

364.90

Raw Material Cost

334.80

328.30

322.00

195.50

334.10

319.90

313.70

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

176.60

156.80

166.20

99.20

185.00

150.50

160.30

Power Cost

0.00

Manufacturing Expenses

1.80

2.30

1.90

2.00

1.90

2.30

Selling and Distribution Expenses

0.00

Other Expenses

-17.84

-15.86

-16.85

-10.11

-18.70

-15.24

-16.26

Total Expenditure (Excl Depreciation)

334.80

328.30

322.00

195.50

334.10

319.90

313.70

Operating Profit (PBDIT) excl Other Income

123.4

112.30000000000001

53.099999999999994

-125.60000000000001

95.8

115.8

51.2

Other Income

0.30

0.20

0.10

0.40

11.00

0.00

Operating Profit (PBDIT)

158.30

141.20

81.00

-98.40

124.60

153.80

77.90

Interest

1.80

2.30

1.90

2.00

1.90

2.30

Exceptional Items

0.00

Gross Profit (PBDT)

123.40

112.30

53.10

-125.60

95.80

115.80

51.20

Depreciation

34.60

28.70

27.80

26.80

28.40

27.00

26.70

Profit Before Tax

121.90

110.70

50.90

-127.10

94.20

124.90

48.90

Tax

27.00

24.40

11.30

-27.90

21.70

27.40

7.40

Provisions and contingencies

0.00

Profit After Tax

94.70

86.30

39.60

-99.20

72.30

97.50

41.50

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

94.70

86.30

39.60

-99.20

72.30

97.50

41.50

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

94.70

86.30

39.60

-99.20

72.30

97.50

41.50

Equity Capital

0.00

Face Value

10.0

Reserves

1,240.40

1,143.80

1,057.10

1,049.40

1,146.90

1,075.40

983.70

Earnings per share (EPS)

16.57

15.1

6.93

-17.35

12.65

17.06

7.26

Diluted Earnings per share

16.57

15.1

6.93

-17.35

12.65

17.06

7.26

Operating Profit Margin (Excl OI)

26.93%

25.49%

14.16%

-179.69%

22.28%

26.58%

14.03%

Gross Profit Margin

34.16%

31.64%

20.98%

-143.49%

28.52%

34.86%

20.72%

PAT Margin

20.67%

19.59%

10.56%

-141.92%

16.82%

22.38%

11.37%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - YoY

Net Sales

YoY Growth in quarter ended Dec 2025 is 6.58% vs 16.69% in Dec 2024

Consolidate Net Profit

YoY Growth in quarter ended Dec 2025 is 30.98% vs 27.74% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in quarter ended Dec 2025 is 27.21% vs 27.91% in Dec 2024

Interest

YoY Growth in quarter ended Dec 2025 is -10.00% vs 5.26% in Dec 2024

Operating Profit Margin (Excl OI)

YoY Growth in quarter ended Dec 2025 has improved from Dec 2024

Compare Quarterly Results Of Tivoli A/S With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(DKK)

Change(%)

Net Sales

458.20

627.45

-169.25

-26.97%

Other Operating Income

0.00

Total Operating income

458.20

627.45

-169.25

-26.97%

Raw Material Cost

334.80

470.06

-135.26

-28.78%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

176.60

173.46

3.14

1.81%

Power Cost

0.00

Manufacturing Expenses

1.80

7.87

-6.07

-77.13%

Selling and Distribution Expenses

0.00

Other Expenses

-17.84

-18.13

0.29

1.60%

Total Expenditure (Excl Depreciation)

334.80

470.06

-135.26

-28.78%

Operating Profit (PBDIT) excl Other Income

123.40

157.39

-33.99

-21.60%

Other Income

0.30

4.71

-4.41

-93.63%

Operating Profit (PBDIT)

158.30

231.10

-72.80

-31.50%

Interest

1.80

7.87

-6.07

-77.13%

Exceptional Items

0.00

-19.08

19.08

100.00%

Gross Profit (PBDT)

123.40

157.39

-33.99

-21.60%

Depreciation

34.60

69.00

-34.40

-49.86%

Profit Before Tax

121.90

135.14

-13.24

-9.80%

Tax

27.00

42.37

-15.37

-36.28%

Provisions and contingencies

0.00

Profit After Tax

94.70

93.61

1.09

1.16%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

94.70

93.61

1.09

1.16%

Share in Profit of Associates

0.00

Minority Interest

0.00

-0.85

0.85

100.00%

Other related items

0.00

Consolidated Net Profit

94.70

92.77

1.93

2.08%

Equity Capital

0.00

Face Value

10.00

20.00

0.00

Reserves

1,240.40

1,454.81

-214.41

-14.74%

Earnings per share (EPS)

16.57

9.59

6.98

72.78%

Diluted Earnings per share

16.57

9.59

6.98

72.78%

Operating Profit Margin (Excl OI)

26.93%

25.08%

0.00

1.85%

Gross Profit Margin

34.16%

32.54%

0.00

1.62%

PAT Margin

20.67%

14.92%

0.00

5.75%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 45.82 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 3.99% vs 17.46% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 6.58% vs 16.69% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 9.47 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 9.73% vs 117.93% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 30.98% vs 27.74% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 15.80 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 12.06% vs 74.29% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 27.21% vs 27.91% in Dec 2024

Quarterly - Interest

Interest 0.18 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 0.00% vs -21.74% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -10.00% vs 5.26% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 26.93%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

YoY Growth in quarter ended Dec 2025 has improved from Dec 2024