Belgium’s Ontex sales fall 4% to $2.08 bn in 2025 as volumes weaken

Ontex’s 2025 like-for-like revenue fell 4.9 per cent to €1.76 billion (~$2.08 billion), driven by weaker baby care volumes.
Adjusted EBITDA dropped 21 per cent to €175.6 million (~$207.78 million), while free cash flow turned negative.
Net debt declined to €577 million (~$682.73 million) after divestments, though leverage rose.
The company targets around 10 per cent EBITDA growth.