THE WHAT? Puig has held its Annual General Meeting (AGM), with shareholders approving all proposals as the beauty group highlighted strong 2025 financial performance, reaffirmed its 2026 outlook and outlined plans for its next phase of growth.
THE DETAILS Shareholders approved Puig’s 2025 accounts, management report and a total dividend of €0.42159 per share, in line with the company’s target payout ratio of around 40% of reported net profit. The company reported net revenue of €5.04 billion in 2025, representing 7.8% like-for-like growth and 5.3% reported growth, placing performance at the top end of its guidance range. The AGM also approved board appointments, including CEO Jose Manuel Albesa as Executive Director and Julie Van Ongevalle as Independent Director, while reinforcing gender diversity on the board. During the meeting, Executive Chairman Marc Puig reiterated that the company remains independent following previously disclosed discussions with other beauty and luxury groups, while Albesa confirmed Puig’s Capital Markets Day will take place in Madrid on October 28 and reiterated expectations to outperform the premium beauty market in 2026. The company also highlighted plans to strengthen its leadership in niche fragrances, prestige perfumery and dermocosmetics while maintaining a disciplined approach to acquisitions.
THE WHY? The AGM underscored Puig’s confidence in its long-term strategy, financial strength and brand portfolio, while providing shareholders with visibility on future growth priorities following the completion of its 2021–2025 strategic plan.
Source: Puig
