Samsonite 2025 Stand-Alone Profit Jumps to USD 861.25 Million; USD 140 Million Dividend Proposed After Debt Refinancing and Buybacks

Bulletin Express
04/28

Samsonite Group S.A. released its audited Luxembourg stand-alone results for the year ended 31 December 2025.

• Earnings rebound – Net profit soared 262% year on year to USD 861.25 million (2024: USD 237.40 million), driven chiefly by an USD 852.60 million dividend from wholly owned Samsonite Sub Holdings S.à r.l. – Total assets expanded 31% to USD 2.82 billion, while equity rose 35% to USD 2.79 billion.

• Cash returns to shareholders – The Board recommends a dividend of USD 140.00 million, or approximately USD 0.1009 per share, subject to approval at the next AGM; Luxembourg withholding tax of 15% will apply. – In 2025 the company repurchased 16.69 million shares for USD 42.87 million, taking treasury shares to 79.30 million (5.4% of issued capital). Share capital stood at USD 14.66 million, represented by 1.47 billion shares.

• Capital and financing actions – On 6 November 2025 Samsonite refinanced its credit lines via a new USD 2.14 billion package: USD 800.00 million Term Loan A, USD 494.00 million Term Loan B and an undrawn USD 850.00 million revolver. – On 11 November 2025 subsidiary Samsonite Finco issued EUR 350.0 million (USD 411.1 million) 4.375% Senior Notes due 2033, using proceeds and new bank loans to redeem its EUR 350.0 million 3.500% notes due 2026. – All facilities are secured and subject to customary covenants; the group met its leverage and interest-coverage tests at year-end.

• Liquidity – Cash and bank balances closed at USD 10.48 million; no drawings were outstanding under the group’s USD 850.00 million revolving credit facility. – A subsidiary had USD 23.43 million outstanding under the group’s notional cash-pool overdraft at 31 December 2025; Samsonite is jointly liable.

• Costs linked to potential U.S. dual listing – The company expensed USD 9.28 million in 2025 and carried USD 7.86 million of deferred listing costs as prepayments. Management continues to explore a U.S. listing to broaden the investor base; no timetable was disclosed.

• Tax and regulatory – A global minimum tax (“Pillar Two”) top-up charge of USD 1.71 million was recorded. No Luxembourg corporate income tax was payable thanks to loss carry-forwards.

• Subsequent events – 4,584 shares were issued on option exercises up to 28 February 2026. – Shareholders approved cancellation of all 79.30 million treasury shares after completion, if any, of the intended dual listing.

KPMG Audit S.à r.l. issued an unqualified opinion on the annual accounts dated 19 March 2026.

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