Riba Mundo 2025 Revenue Drops 50% After Warehouse Fire | Stock Update

Valencia, Spain – Riba Mundo Tecnología S.A. Reported a significant downturn in revenue for 2025, posting €201.4 million in sales, a sharp decline from the €480 million recorded in 2024. The dramatic drop, exceeding 50%, is directly attributed to the devastating fire that struck the company’s Valencia warehouse on January 25, 2025, disrupting operations for several months.

The impact of the fire extended beyond immediate revenue losses, affecting order volumes and the number of items sold. Throughout 2025, the company processed 35,848 orders, down from 73,631 in 2024. Similarly, the number of articles sold fell to 1.6 million, compared to 4.6 million in the previous year, reflecting the operational challenges stemming from the incident.

The company’s first half results, already impacted by the fire, showed a loss of €26.9 million, a stark contrast to the €200,000 profit recorded during the same period in January to June 2024. The fire resulted in an estimated inventory loss of €25.2 million, partially offset by insurance payouts totaling €10 million during the first semester and an additional €5 million received in July. Revenue for the first half of 2025 amounted to €105.4 million, down from €230.2 million in the same period of 2024. EBITDA was negative at €7.1 million, worsening from the €4.1 million loss recorded in the first half of 2024. The operating loss stood at €8.8 million, compared to €3.3 million as of June 30, 2024.

The sale of a 57% stake in ePriceIT, completed before the end of September 11, 2025, contributed €7 million to revenue. Riba Mundo retains a 10% holding in ePriceIT but no longer consolidates its financial results.

Net financial debt increased to €48.4 million as of December 31, 2025, rising from €33.6 million at the end of 2024. This increase reflects the financial strain caused by the fire and the subsequent restructuring of the company’s debt, which was finalized at the end of 2025.

Despite the challenging year, Riba Mundo’s management expressed confidence in the company’s recovery. They anticipate a full resumption of logistics and commercial activities now that the Valencia warehouse is back to full operational capacity. “Management is confident that, with the return to full operational capacity at the warehouse, Riba Mundo will be able to fully resume its logistics and commercial activities,” the group stated. “This will enable the group to return to regular management, ensuring operational continuity and laying the foundation to continue the growth process that was interrupted.”

Looking ahead, CEO Marco Dezi indicated positive early signs for 2026, noting a recovery in order volumes and improvements in operational cash flow. The company’s new business plan focuses on expanding its product catalog, strengthening commercial partnerships, and maintaining financial discipline to support future growth.

Shares of Riba Mundo Tecnología closed up 2.9% at €2.88 per share on Friday, December 31, 2025, suggesting investor optimism regarding the company’s recovery prospects.

The fire at the Valencia warehouse, which occurred on January 25, 2025, represents a significant setback for Riba Mundo Tecnología. The company, which distributes a range of consumer electronics including headphones, televisions, and smartwatches, had been experiencing growth in key categories prior to the incident. According to data from October 25, 2024, headphones accounted for 21.5% of revenues, followed by televisions (12%) and computing products (10.4%).

The successful restructuring of its debt and the resumption of full operations at the Valencia warehouse are crucial steps in Riba Mundo’s recovery. The company’s ability to execute its new business plan – focusing on catalog expansion, partnerships, and financial discipline – will be key to restoring profitability and regaining market share in the competitive consumer electronics sector.