Filings/3P7/ANNUAL

Pandora A/S ANNUAL

Period 2025-12-31 · filed 2026-03-18

Source document

ESEF
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KPIsSections24
Headline metrics
Revenue — GREENDKK 32.55B
Gross margin — GREEN79.1%
Net income — GREENDKK 5.24B
Net margin — GREEN16.1%
Operating margin — GREEN23.9%
Red flags1 orange
Liquidity1
ORANGE
Current ratio 0.91current_ratio_low
Current assets are below current liabilities — short-term liquidity pressure.
Income Statement
Income Statement
MetricValueFlag
RevenueDKK 32.55BGREEN
Gross Margin79.1%GREEN
Operating Margin23.9%GREEN
Net Margin16.1%GREEN
Gross ProfitDKK 25.75BGREEN
Operating IncomeDKK 7.78BGREEN
Net IncomeDKK 5.24BGREEN
EBITDADKK 10.37BGREEN
Income Tax ExpenseDKK 1.67BGREEN
Pre-tax IncomeDKK 6.91BGREEN
EPS Diluted€67.90GREEN
Interest ExpenseDKK 1.15BGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Total AssetsDKK 29.60BGREEN
Current AssetsDKK 10.23BGREEN
Current LiabilitiesDKK 11.25BGREEN
Total LiabilitiesDKK 24.32BGREEN
Total EquityDKK 5.28BGREEN
Retained EarningsDKK 6.54BGREEN
Long-term DebtDKK 11.92BGREEN
Short-term DebtDKK 3.10BGREEN
Deferred Revenue (Current)DKK 271.0MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating Cash FlowDKK 7.36BGREEN
Capital ExpendituresDKK 1.45BGREEN
Investing Cash Flow-DKK 2.29BGREEN
Depreciation & AmortizationDKK 2.59BGREEN
Free Cash FlowDKK 5.91BGREEN
Financing Cash Flow-DKK 6.12BGREEN

Sections in this filing

Business / Consolidation

NOTE 5.5 COMPANIES IN THE PANDORA GROUP The table below shows information about the Group entities at 31 December 2025. Company Ownership Registered office Date of consolidation OWNED BY PANDORA A/S Pandora Jewelry Argentina SRL 100% Argentina 27 September 2017 AD Astra Holdings Pty Ltd. 100% Australia 1 July 2009 Pandora Österreich GmbH 100% Austria 23 May 2012 Pandora Jewellery Belgium NV 100% Belgium 13 April 2017 Pandora do Brasil Participações Ltda. 100% Brazil 24 October 2013 Pandora Jewelry Ltd. 100% Canada 7 March 2008 Pandora Jewelry Chile SpA 100% Chile 7 May 2017 Pandora Jewelry Colombia S.A.S 100% Colombia 17 January 2019 Pandora Int. ApS 100% Denmark 1 October 2009 Pan Me A/S 100% Denmark 16 January 2015 Pandora Jewelry Taiwan A/S 100% Denmark 18 May 2018 Pandora Production Holding A/S 100% Denmark 3 May 2022 Pandora Jewellery UK Limited 100% England 1 December 2008 Pandora UK Hub Limited 100% England 1 April 2024 Pandora Jewelry Finland Oy 100% Finland 1 January 2012 Pandora France SAS 100% France 25 February 2011 Pandora Jewelry GmbH 100% Germany 5 January 2010 Pandora EMEA Distribution Center GmbH 100% Germany 5 December 2011 Pandora Greece Single Member S.A. 100% Greece 1 October 2023 Pandora Jewelry Asia-Pacific Limited 100% Hong Kong 1 November 2009 Pan Jewelry Limited 100% Ireland 10 January 2018 Pandora Italia SRL 100% Italy 23 May 2012 Pandora Jewelry Japan Ltd. 100% Japan 29 October 2014 Pandora Jewelry Macau Company Ltd. 100% Macau 1 January 2016 Pandora Jewelry Mexico, S.A. de C.V. 100% Mexico 8 March 2017 Pandora Jewelry Mexico Servicios, S.A. de C.V. 100% Mexico 8 March 2017 Pandora Jewelry B.V. 100% Netherlands 20 September 2010 Pandora Jewelry Panama S.A. 100% Panama 5 July 2016 Pandora Jewelry Panama Retail, S.A. 100% Panama 14 April 2021 Pandora Jewelry Peru S.A.C 100% Peru 10 July 2018 Pandora Jewelry CEE Sp. z.o.o. 100% Poland 1 March 2009 Pandora Jewelry Shared Services Sp. z.o.o. 100% Poland 7 February 2012 Pandora Portugal, Unipessoal LDA 100% Portugal 4 April 2022 Pandora Jewelry Singapore Pte. Ltd. 100% Singapore 1 January 2016 Company Ownership Registered office Date of consolidation OWNED BY PANDORA A/S Pandora Jewelry Slovakia s.r.o. 100% Slovakia 6 September 2016 Pandora Jewellery South Africa Pty Ltd. 100% South Africa 31 January 2017 Pandora Jewellery Spain S.L 100% Spain 28 September 2017 Pandora Sweden AB 100% Sw