AD Plastik (ADPL) Q2 2025 earnings summary

Executive summary

• Achieved strong profitability growth and improved financial stability in the first half of 2025, with net profit up 309.6% year-over-year to EUR 7.46 million and EBITDA up 45.6% to EUR 9.5 million, despite a 6.4% decline in operating revenue due to lower tool sales compared to last year.

• Revenue from own production increased by 13%, driven by new contracts totaling EUR 500 million over the past 3.5 years; new deals worth EUR 126.8 million were signed in the period, supporting long-term sustainability.

• The Group continued deleveraging, reducing net financial debt by EUR 5.06 million (12.5%) compared to year-end 2024, and improved its NFD/EBITDA ratio to 2.15.

Financial highlights

• Operating revenue for 1H 2025 was EUR 75.18 million, down 6.4% year-over-year; EBITDA margin rose to 12.6% from 8.1% last year.

• Net profit reached EUR 7.46 million, up 309.6% year-over-year; net profit margin increased to 9.92% from 2.27%.

• Capex decreased significantly to EUR 2.42 million from EUR 7.29 million in the prior year.

• EPS increased to EUR 1.87 for the last four quarters, with market capitalization rising 13.6% to EUR 45.1 million.

Outlook and guidance

• Production volumes for new projects are expected to grow, positively impacting revenue, efficiency, and profitability, though risks from automotive industry slowdown persist.

• Additional contracts are anticipated later in the year, depending on ongoing negotiations and market conditions.

• Continued deleveraging and favorable interest rate trends are expected to further reduce financing costs.