Recurring operating income fell 44.1% to 20 million euros, weighed down by a 10.5 million euro inventory provision on specific product lines. Excluding this provision, recurring operating income would have reached 30.5 million euros, representing a more contained decline of 14.7%.

The Champagne house's 2025 revenue slipped 3.6% to 293.2 million euros, amid a further contraction in Champagne shipment volumes and lower appellation yields.

At its Annual General Meeting on June 4, Maison Pommery & Associés will propose a 2025 dividend of 0.80 euros per share. Scheduled for payment on September 22, this payout represents a gross yield of 7.84% based on the March 27 closing price.

Management expects an improvement in recurring operating margin for 2026, alongside lower financial expenses as the group continues its deleveraging strategy through planned asset disposals.