BasicNet Boosts Sales by 7.3% in Nine Months Following Partial K-Way Sale

BasicNet continues to strengthen its business model based on licensing and heritage brands. The Italian group, which owns brands such as Kappa, Superga, Sebago and K-Way, closed the first nine months of 2025 with a 7.3% increase in aggregate sales to €909 million, driven by a strong performance in Europe.

Consolidated revenues amounted to €303.4 million, up 2.5% on the same period of 2024. Meanwhile, gross operating profit (ebitda) reached €39.8 million, slightly down on the previous year’s €40.6 million, while operating profit (ebit) amounted to €23.4 million.

Sales of commercial licensees and own stores totaled €668.1 million, up 7.1%, while those of production licensees grew by 8% to €240.9 million. Europe accounted for 80.8% of the business and recorded an increase of 13.2%, offsetting the slowdown in other regions.

Royalty revenues increased by 12.4% to €49.9 million, reflecting the strength of the group’s licensing model and the expansion of its partners in the main international markets.

BasicNet grew in the period thanks to the momentum of the European continent

The group closed the period with a net financial position with banks equal to zero, compared to negative 90.8 million at the end of 2024, thanks to the divestment of 40% of its stake in K-Way. The transaction generated a provisional capital gain of €140.1 million, which will be fully reflected in the individual accounts of BasicNet S.p.A. Total net financial debt was also reduced from €142 million to €61 million.

In an uncertain geopolitical and macroeconomic context, BasicNet has reiterated its commitment to sustainable growth and to the valorization of its brands in the medium and long term. The group, which is listed on the Milan Stock Exchange, plans to further strengthen its global network of licensees and expand its retail presence, with eleven new direct openings during the year.