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Syensqo (SYENS) investor relations material
Syensqo Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 net sales were €1.52 billion, down 7% year-over-year due to lower volumes and adverse FX, but margins and free cash flow remained resilient, supported by cost savings and specialty positioning.
Underlying EBITDA was €326 million, down 13% year-over-year, with margin at 21.5%, up 40 bps sequentially.
Free cash flow reached €250 million, a significant increase from €27 million in Q3 2024, supported by working capital inflows and Edison compensation.
Announced divestment of Oil & Gas business for €135 million (~7x EBITDA), expected to close in Q1 2026, advancing the specialty strategy.
Leadership transition underway, with CEO change announced for 2026.
Financial highlights
Q3 2025 net sales: €1,517 million, down 7.1% year-over-year; gross profit: €484 million, down 15%; gross margin: 31.9%, down 310 bps.
Underlying EBITDA: €326 million, margin 21.5%, down 140 bps year-over-year but up 40 bps sequentially.
Free cash flow: €250 million in Q3; cash conversion (LTM) at 76%, up 690 bps year-over-year.
Net profit attributable to shareholders: €110 million, down 32% year-over-year; basic EPS: €1.08.
Net debt: €2.1 billion; leverage ratio: 1.6x; gearing ratio: 25%.
Outlook and guidance
Full-year 2025 guidance: underlying EBITDA ~€1.25 billion, capex below €600 million, free cash flow ~€325 million.
Outlook revised downward due to slower electronics recovery, FX headwinds, and temporary copper mine closure; cost-saving initiatives targeting >€200 million run-rate savings by end of 2026.
Q4 2025 expected to remain weak with continued inventory destocking and macroeconomic headwinds; electronics and aerospace recovery now expected in 2026.
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Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position.
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