$BIRK

Birkenstock Holding plc

CIK:0001977102|SEC Filings

Consolidated Statements of Comprehensive Income - EUR (€) € in Thousands	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Profit or loss [abstract]
Revenue	€ 2,097,429	€ 1,804,690	€ 1,491,911
Cost of sales	(857,723)	(744,013)	(566,118)
Gross profit	1,239,706	1,060,677	925,793
Operating expenses
Selling and distribution expenses	(563,666)	(507,122)	(455,851)
General and administrative expenses	(125,159)	(113,444)	(171,388)
Foreign exchange loss	(1,953)	(19,641)	(36,056)
Other income (expense), net	616	612	(1,810)
Profit from operations	549,544	421,082	260,688
Finance cost, net	(79,564)	(127,300)	(107,036)
Profit before tax	469,980	293,782	153,652
Income tax expense	(121,653)	(102,180)	(78,630)
Net profit	348,327	191,602	75,022
Items that will be reclassified to profit (loss) if certain conditions are met:
Cumulative translation adjustment loss	(74,427)	(62,432)	(97,301)
Items that are reclassified to profit (loss):
Net position of fair value changes of the cash flow hedge		345	(345)
Other comprehensive loss, net of tax	(74,427)	(62,087)	(97,646)
Total comprehensive income (loss)	€ 273,900	€ 129,515	€ (22,624)
Earnings per share
Basic	€ 1.87	€ 1.02	€ 0.41
Diluted	€ 1.87	€ 1.02	€ 0.41

Consolidated Statements of Cash Flows - EUR (€) € in Thousands	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net profit	€ 348,327	€ 191,602	€ 75,022
Adjustments to reconcile net profit to net cash flows from operating activities:
Depreciation and amortization	113,539	101,291	83,413
Loss on disposal of property, plant and equipment	413	229
Change in expected credit loss	1,720	(839)
Finance cost, net	79,564	127,300	107,036
Net exchange differences	5,352	7,170	36,056
Non-cash operating items	189	2,813	65,726
Income tax expense	121,653	102,180	78,630
Income tax paid	(132,828)	(14,960)	(6,698)
MIP personal income tax paid		(11,426)
Reimbursment MIP personal income tax paid		11,587
Changes in working capital
Inventories	(89,076)	(47,959)	(95,620)
Right to return assets	(24)	(335)	1,327
Trade and other receivables	(58,331)	(27,451)	(26,663)
Trade and other payables	(576)	12,506	10,648
Accrued Liabilities	3,138	(8,366)	18,870
Other current financial liabilities	567	1,962	(3,775)
Other current provision	5,569	(4,902)	2,427
Contract liabilities	(1,822)	1,157	5,085
Prepayments	(4,068)	(8,389)	(565)
Other current financial assets		(4,553)
Other	(9,006)	(1,916)	7,814
Net cash flows provided by operating activities	384,300	428,701	358,733
Cash flows from investing activities
Interest received, net of taxes withheld	5,445	6,347	1,846
Purchases of property, plant and equipment	(76,727)	(65,434)	(102,152)
Proceeds from sale of property, plant and equipment	92	18	339
Purchases of intangible assets	(8,228)	(8,466)	(795)
Proceeds from sale of intangible assets			29
Initial direct costs of right-of-use assets	(1,430)
Receipt of government grant	1,888	8,739
Net cash flows (used in) investing activities	(78,960)	(58,796)	(100,733)
Cash flows from financing activities
IPO Proceeds, net of transaction costs		449,214
Repurchase of ordinary shares	(176,382)
Proceeds from loans and borrowings		634,524
Repayment of loans and borrowings	(50,137)	(1,296,032)	(52,782)
Payment of transaction costs related to refinancing	(250)	(5,463)
Interest paid	(51,668)	(90,093)	(111,986)
Payments of lease liabilities	(42,719)	(37,793)	(28,796)
Interest of lease liabilities	(8,996)	(9,402)	(5,721)
Net cash flows (used in) financing activities	(330,152)	(355,045)	(199,285)
Net increase (decrease) in cash and cash equivalents	(24,812)	14,860	58,715
Cash and cash equivalents at beginning of period	355,843	344,407	307,078
Net foreign exchange difference	(1,964)	(3,424)	(21,386)
Cash and cash equivalents at end of period	€ 329,067	€ 355,843	€ 344,407

Consolidated Statements of Financial Position - EUR (€) € in Thousands	Sep. 30, 2025	Sep. 30, 2024
Non-current assets
Goodwill	€ 1,512,270	€ 1,554,621
Intangible assets (other than goodwill)	1,577,248	1,639,393
Property, plant and equipment	357,496	318,843
Right-of-use assets	179,762	171,334
Deferred tax assets	11,556	117
Other assets	28,425	37,351
Total non-current assets	3,666,757	3,721,659
Current assets
Inventories	704,417	624,807
Trade and other receivables	160,245	114,302
Current tax assets	6,544	11,263
Other current assets	75,090	57,065
Cash and cash equivalents	329,067	355,843
Total current assets	1,275,363	1,163,280
Total assets	4,942,120	4,884,939
Shareholders' equity
Share premium	1,992,302	2,168,495
Other capital reserve	68,920	68,920
Retained earnings	765,905	417,578
Accumulated other comprehensive loss	(104,401)	(29,974)
Total shareholders' equity	2,722,726	2,625,019
Non-current liabilities
Loans and borrowings	1,128,010	1,169,965
Tax receivable agreement liability	302,400	344,590
Lease liabilities	149,338	143,199
Provisions	4,413	4,867
Deferred tax liabilities	163,429	131,003
Deferred income	13,657	13,737
Other liabilities	4,477	4,666
Total non-current liabilities	1,765,724	1,812,027
Current liabilities
Loans and borrowings	17,133	24,670
Tax receivable agreement liability	54,364	15,300
Lease liabilities	43,581	40,874
Trade and other payables	136,003	136,280
Accrued liabilities	32,222	29,411
Other financial liabilities	4,202	3,971
Provisions	36,338	31,164
Contract liabilities	6,195	7,999
Current tax liabilities	106,958	144,730
Other current liabilities	16,674	13,494
Total current liabilities	453,670	447,893
Total liabilities	2,219,394	2,259,920
Total shareholders' equity and liabilities	€ 4,942,120	€ 4,884,939