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Medios (ILM1) investor relations material
Medios Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 10.4% year-over-year to €2.1 billion, surpassing €2 billion for the first time, mainly from full-year consolidation of Ceban and strong organic growth in Pharmaceutical Supply (PS) and International Business (IB).
EBITDA pre rose 17.8% to €93.1 million, with margin expanding to 4.5%; adjusted EPS up to €1.94 and net profit rising 22.4% to €15.4 million.
New CEO and CFO appointments; entry into reimbursed medical cannabis market in Germany via exclusive partnership; full CSRD-compliant Sustainability Report.
Focus remains on profitability over top-line growth, with ongoing digitalization, network optimization, and harmonization of business processes.
ESG highlights: 65% women in workforce, 43% in management, 0.01% customer complaint rate, 43% green electricity share.
Financial highlights
Organic revenue growth contributed €132.4 million (7%), while inorganic growth from Ceban added €63.2 million (3.4%).
Gross profit increased 31.6% to €203.7 million, with group gross margin up 1.6pp to 9.8%.
EBIT up 45.9% to €46.2 million; net income up 22.4% to €15.4 million.
Operating cash flow was €52.3 million, free cash flow €44 million, and cash at period end €81.8 million.
Investments (CAPEX) rose 31.4% to €8.3 million.
Outlook and guidance
2026 revenue expected at €2.0–2.12 billion (up to 2% growth), EBITDA pre at €94–102 million (up to 9.6% growth), and margin up to 4.8%.
Free cash flow for 2026 projected at €40–50 million, with operational cash flow expected in the €50–60 million range.
Guidance reflects cautious optimism, with focus on margin improvement, efficiency measures, and selective M&A.
- Ceban acquisition and PS growth drove 6.3% revenue and 7.3% EBITDA pre increase in H1 2024.ILM1
Q2 20241 Feb 2026 - Record Q3 and EBITDA pre growth driven by Ceban integration and margin expansion.ILM1
Q3 202415 Jan 2026 - Q1 2025 saw 6.2% revenue growth, 52.9% EBITDA pre rise, and 2025 guidance reaffirmed.ILM1
Q1 202525 Nov 2025 - EBITDA pre up 48.8% and net income nearly doubled on strong segment and international growth.ILM1
Q2 202523 Nov 2025 - Record revenue and profit growth, strong cash flow, and robust 2025 outlook.ILM1
Q3 202511 Nov 2025 - EBITDA pre surged 30.5% in FY 2024, with further growth and margin expansion guided for 2025.ILM1
Q4 20245 Jun 2025
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