Just caught Davide Campari-Milano's FY25 earnings and there's some solid numbers here. Net profit jumped to 346.3 million euros from 201.6 million the year before, and they're positioning the Campari alternative brands pretty well across their portfolio. What caught my attention is they managed 2.4% organic growth despite a tough market - that's across 24 countries too, which shows decent diversification.

The margin story is interesting. Adjusted EBIT climbed 5.3% to 636.9 million euros with margins hitting 20.9%, up from 19.7%. They're also being generous with shareholders - bumped the dividend up 54% to 0.10 euros per share. Looking at their Campari alternative positioning in the spirits market, they seem confident enough to guide for continued organic growth in 2026, though they're flagging about 30 million euros headwind from US tariffs.

Adjusted EBITDA grew 7.2% to 785.2 million euros. Solid execution overall, especially given the environment. Worth keeping an eye on how they navigate that tariff situation going forward.