German coffee and consumer goods company Tchibo delivered double-digit revenue growth in FY25, with parent company Maxingvest reporting turnover of €3.72 billion (US$4.32 billion) over the period.

The coffee business was the primary driver of Maxingvest's performance, even as cost pressures mounted and European consumers grew more cautious.

Tchibo's organic revenue growth reached 12 per cent compared with the €3.36 billion (US$3.91 billion) generated in FY24. The result stands out in a European coffee market where green coffee prices have surged in recent years, driven by factors including adverse weather in key producing regions such as Brazil and Vietnam, squeezing margins across the roasting and retail chain.

Although revenue climbed, profitability came under strain: Tchibo reported EBIT of €162 million (US$188.3 million), down from €167 million (US$194.11 million) the previous year, a decline largely attributed to coffee tax effects. In Germany, coffee is subject to a specific consumption tax dating back more than two centuries, and changes in its treatment can meaningfully affect roasters' reported earnings.

The Hamburg-based company remains one of Europe's largest coffee businesses, operating hundreds of stores and coffee bars across the region. Its non-food retail model, which sells a rotating range of household and consumer products alongside coffee, has long distinguished it from pure-play roasters, though its performance remains closely tied to consumer spending sentiment in its core German market.

For the coming year, Tchibo is forecasting moderate revenue growth, but expects EBIT to come in slightly below 2025 levels, noting that rising operating costs and higher purchasing prices cannot be fully offset through pricing measures. The company's ability to pass costs on to cautious consumers will be a key factor to watch, as will broader movements in green coffee prices and any developments in German coffee taxation.

At the group level, Maxingvest - which also holds a controlling stake in the parent company of skincare brand Nivea - saw overall revenue increase to €13.57 billion (US$15.77 billion), with group EBIT rising to €1.46 billion (US$1.7 billion).