MAX Stores 2025: Revenue Stable at €34.25M, Net Profit Up 28%

MAX Stores reported 2025 revenue of €34.25 million, flat year-over-year, while net profit rose 28%, driven by margin improvements. The company is spinning off its real estate into a separate entity, a structural move that may unlock value and alter its balance sheet. The profit growth amid stable revenue suggests operational efficiency gains, but the real estate separation introduces uncertainty about future capital structure and asset valuation.