Musti Group reported net sales of EU€ 508.9 million for January–December 2025, representing a 14.4 percent increase from EU€ 444.9 million the previous year. Sales growth accelerated during the final three quarters of the year, with particularly strong performance in Norway and Finland. The acquisition of Pet City in the Baltics contributed EU€ 32.2 million to total net sales, while the acquisition of ZU added EU€ 3.1 million. Like-for-like sales grew 3.3 percent, compared with 0.2 percnet in the previous year.
“Q4s additional market share gains completed a solid 2025 for Musti. I am super proud of our team and their achievements – continued strong sales and gross margin growth; successful integration of new markets; the launch of new brands; increased food production capacity; expanded TAM with the move into a new market; successful investment to strengthen Musti’s IT and logistics backbone. All enhance value creation opportunities as we continue to determinedly develop Musti’s market leadership,” shared David Rönnberg, Musti Group CEO.
The gross margin remained stable at 44.0 percent, up slightly from 43.6 percent, with an improving trend towards the end of the year. Adjusted EBITDA reached EU€ 62.0 million, while the adjusted EBITDA margin was 12.2 percent, compared with 13.7 percent a year earlier.