Cavotec (CCC) investor relations material

Executive summary

• Q4 2025 revenue grew 9.1% year-over-year to EUR 49.5 million, driven by strong Industry segment performance, while Ports & Maritime remained cautious and impacted order intake and revenue.

• Net profit for Q4 increased 3.1% to EUR 1.7 million, with EPS up 6.7% year-over-year.

• Full-year 2025 ended with a net loss due to a weak start and continued market uncertainty, despite a strong Q4 and cost-saving measures implemented to strengthen the business.

• Cash flow improved significantly, with Q4 operating cash flow up 161% to EUR 6 million and net debt reduced to EUR -8.8 million.

• Several significant contracts were signed in Q4, including major orders for shore power systems and cable reels.

Financial highlights

• Q4 2025 order intake decreased 22.1% year-over-year to EUR 47.9 million, mainly due to cautious Ports & Maritime customers.

• Order backlog at quarter-end was EUR 124.2 million, down 1.7% year-over-year.

• Adjusted EBIT rose 0.9% to EUR 3.9 million; adjusted EBIT margin was 7.8%.

• Net debt improved to EUR -8.8 million from EUR -15.3 million at the end of 2024; leverage ratio at 0.96x.

• No dividend proposed for 2025.

Outlook and guidance

• Cost-saving initiatives will be detailed in Q1 2026, aiming for a lower cost base and improved efficiency and profitability.

• Management expects to benefit from mega trends in electrification, automation, and regulatory drivers.

• Customer caution in Ports & Maritime is expected to ease, with signs of improving sentiment, though market uncertainty persists.