)
Visual
earnings real time
Akzo Nobel
Akzo Nobel (AKZA) investor relations material
Akzo Nobel Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary3 Feb, 2026
Executive summary
Achieved full-year adjusted EBITDA of €1,444 million (14.2% margin), within 1% of initial guidance, with Q4 adjusted EBITDA at €309 million (13% margin); strong execution in soft market conditions and significant OPEX savings of €98 million, €28 million ahead of plan.
Organic sales were flat for the year, with price/mix increases offset by lower volumes; revenue declined 5% year-over-year, mainly due to FX translation and the India divestment.
Free cash flow reached €606 million, up €239 million year-over-year, with leverage reduced to 2x.
Operating income rose to €1,164 million, driven by the India divestment gain, despite restructuring and litigation costs.
Announced all-stock merger of equals with Axalta, expected to close late 2026 or early 2027, targeting $600 million cost synergies and a special cash dividend of up to €2.5 billion for shareholders.
Financial highlights
Q4 organic sales declined 1% year-over-year; volumes down 2%, price/mix up 1%; FY 2025 organic sales flat, volumes -2%, price/mix +2%.
Adjusted EBITDA margin improved by 70bps in Q4 and 40bps for the year; Q4 margin at 13%, FY 2025 at 14.2%.
Free cash flow for the year was €606 million, driven by working capital improvements; trade working capital at 14.4% of revenue, down from 15.7%.
Return on investment improved to 13.5% (2024: 13.3%).
Adjusted earnings per share from continuing operations: €3.63 for 2025.
Outlook and guidance
Adjusted EBITDA for 2026 expected at or above €1.47 billion, with at least €100 million improvement mainly from cost savings; volumes expected to be flat.
Q1 2026 expected to mirror Q4 2025, with continued soft volumes and efficiency gains; CAPEX planned at €350 million.
Leverage ratio expected to remain around 2x; stable dividend policy and mid-term ambitions for EBITDA margin above 16%.
Axalta merger: special dividend funding?
Project Ichthys: unprovided liability risk?
Dulux brand impairment: rationale for change?
Axalta merger: Detail regulatory progress?
Breakdown 2026 EBITDA step-up drivers?
Market share strategy: Trade-offs for 2026?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- DCRU
Strong FY2025 growth, high occupancy, and strategic expansion driven by digital demand. - WOSG
Q3 sales growth exceeded expectations, guidance raised, and US presence expanded. - NOBA
Record profit growth, robust capital, and SME expansion drive strong 2025 results. - SF
Margins expanded to 27% despite revenue decline and large non-cash impairments. - IFX
Q1 FY26 revenue up 7% YoY to €3.66bn, led by AI and automotive, with key acquisition and investments. - WRT1V
All-time high profit and cash flow, with robust Marine and Energy growth and major investments. - CB
Record net income and strong underwriting drive robust growth, with positive 2026 outlook. - BERG
EBITA and margins rose 12% with 4% organic growth, supported by acquisitions and efficiency. - APOTEA
Full-year revenue up 10.1%, but Q4 margin dropped to 1.3% on higher costs. - V2RETAIL
Q3 and 9M FY26 saw strong revenue and profit growth, aided by expansion and lease gains.
Next Akzo Nobel earnings date
Q1 202622 Apr, 2026
Akzo Nobel
Next Akzo Nobel earnings date
Q1 202622 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Over 350 years of experience in paint
Akzo Nobel is a multinational company operating out of the Netherlands that specializes in the manufacturing and distribution of paints, coatings, and specialty chemicals. With a rich history dating back over 200 years, Akzo Nobel has established itself as a global leader in the industry. The company offers a wide range of products and solutions for various sectors, including architectural coatings, paint for industrial use, automotive and marine coatings, as well as specialty chemicals.
Boasting a rich and fascinating history
Akzo Nobel can trace its roots back to the late 1700s. The company's foundation began with the establishment of Sikkens, a Dutch paint producer, in 1792. Over the years, Sikkens grew and expanded its operations, building a reputation for quality and innovation in the coatings industry.
The merger of Akzo and Nobel
In the 20th century, the company evolved through a series of mergers and acquisitions. Arguably the most significant milestone was the merger between Akzo and Nobel Industries in 1994, which gave rise to the present-day company. This merger brought together two industry leaders in coatings, chemicals, and pharmaceuticals, forming a global powerhouse with a diverse product portfolio and a strong presence in various markets. Since then, Akzo Nobel has continued to evolve and grow, focusing on delivering sustainable solutions and pioneering advancements in the coatings and chemicals industry.
The business today
Akzo Nobel is, as previously mentioned, a global brand with a broad presence in markets all over the world, and are operating in over 150 countries. With a diverse portfolio of products, they cater to various sectors, including decorative paints, performance coatings, and specialty chemicals. Their renowned brands, such as Dulux, Sikkens, and International, offer a wide range of colors, finishes, and protective coatings. While their products are widely used by professional painters and industrial customers, Akzo Nobel also provides paints and coatings that are accessible to private individuals. When looking at companies operating within the same market segment and competing with Akzo Nobel we find names such as PPG, Sherwin-Williams, and Axalta.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage