IPARMEDIUM SIGNALOPERATIONAL10-K

Interparfums completed the acquisition of Goutal Paris intellectual property rights from Amorepacific Europe in March 2025, expanding its brand portfolio while shifting operations from Switzerland to South Korea.

The Goutal Paris acquisition represents a strategic expansion of IPAR's fragrance brand portfolio, with the company taking full commercial control starting January 1, 2026 after the previous licensing agreement expired. The geographic shift in operations from Switzerland to South Korea suggests strategic realignment toward Asian markets, while the reduced dividend payments indicate management is prioritizing reinvestment in growth initiatives.

Comparing 2026-03-10 vs 2025-03-11View on EDGAR →
FINANCIAL ANALYSIS

IPAR delivered solid financial performance with revenue growing over 20% to $1.3 billion, supported by strong operating cash flow generation of $214.9 million. Total assets expanded to $1.6 billion with stockholders' equity increasing to $880.7 million, reflecting the company's strengthening balance sheet. The company reduced dividend payments by nearly 40% to $20.8 million while modestly increasing total debt to $176.0 million, suggesting a strategic shift toward funding acquisitions and growth investments rather than maximizing shareholder distributions.

FINANCIAL STATEMENT CHANGES
Dividends Paid
Cash Flow
-39.8%
$34.6M→$20.8M

Dividends cut 39.8% — significant signal of cash flow stress or capital reallocation priorities.

Revenue
P&L
+21.3%
$1.1B→$1.3B

Revenue growing 21.3% — solid top-line momentum, watch margins for quality of growth.

Stockholders Equity
Balance Sheet
+18.2%
$744.9M→$880.7M

Equity base grew 18.2% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Accounts Receivable
Balance Sheet
+16.7%
$274.7M→$320.6M

Receivables grew 16.7% — monitor days sales outstanding for collection efficiency.

Operating Cash Flow
Cash Flow
+14.5%
$187.6M→$214.9M

Operating cash flow grew 14.5% — strong conversion of earnings to cash, healthy business fundamentals.

Total Assets
Balance Sheet
+12.3%
$1.4B→$1.6B

Asset base grew 12.3% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+12.3%
$914.8M→$1.0B

Current assets grew 12.3% — improving short-term liquidity or inventory/receivables build.

Total Debt
Balance Sheet
+11.9%
$157.3M→$176.0M

Debt rose 11.9% — additional borrowing for investment or operations; monitor coverage ratios.

LANGUAGE CHANGES
NEW — 2026-03-10
PRIOR — 2025-03-11
ADDED
$ 2,384,600,367 of voting equity and $0 of non-voting equity.
Sales and marketing office South Korea Interparfums Korea Co., Ltd.
Distribution of prestige brands in the South Korea Interparfums SA is also the majority owner of Parfums Rochas Spain, SL, a Spanish limited liability company, which specializes in the distribution of Rochas fragrances.
In addition, in March 2025 Interparfums SA acquired all intellectual property rights relating to Goutal Paris held by Amorepacific Europe.
Amorepacific Europe continued to operate the Goutal brand under an existing license agreement that expired on December 31, 2025, and Interparfums SA began commercial use of the fragrance brand on January 1, 2026.
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REMOVED
ipar-20241231.htm 0 true false false false true true false Secured Overnight Financing Rate ("SOFR") Three-Month Euribor Secured Overnight Financing Rate ("SOFR") 3 Years, 4 months 6 7 50 3 5 3 20 3 4 false false false 15 three year four year ten year 0 false 2024 --12-31 FY 0000822663 Other segment items for each reportable segment include expenses for professional services, travel amp; entertainment, rent, warehousing, shipping, depreciation amp; amortization, and other selling, general and administrative costs.
$ 2,091,134,547 of voting equity and $0 of non-voting equity.
Sales and marketing office Switzerland Interparfums (Suisse) Sarl Holds and manages certain brand names Interparfums SA is also the majority owner of Parfums Rochas Spain, SL, a Spanish limited liability company, which specializes in the distribution of Rochas fragrances.
United States Based Operations Prestige brand fragrance products are also produced and marketed through our United States based operations and represented approximately 35 % of net sales for the year ended December 31, 2024.
2 Recent Developments Solf rino 2025 will mark the creation of Interparfums SA s first proprietary brand Solf rino , a collection of 10 niche fragrances developed by star perfumers and intended for the collector s fragrance market, to be launched initially through an ultra-selective distribution channel of some 100 points of sale.
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