Eagle Filters Group (EAGLE) H2 2025 earnings summary

Executive summary

• Order intake surged 53% year-over-year to EUR 7.6 million, with a record Q4 order intake up 489% to EUR 5.0 million.

• Revenue declined 59% year-over-year to EUR 3.1 million, mainly due to customer delivery delays and weak H1 order intake.

• EBITDA was EUR -2.7 million (vs. -2.1 million prior year), and operating result was EUR -3.9 million (vs. -3.2 million prior year).

• Strong order backlog of EUR 5.8 million at year-end supports growth prospects for 2026.

• Automation investments completed, including a new robotic production line, to improve efficiency.

Financial highlights

• Q4 revenue dropped 79% year-over-year to EUR 0.5 million; full-year revenue down 59% to EUR 3.1 million.

• Q4 EBITDA was EUR -0.6 million; full-year EBITDA EUR -2.7 million.

• Operating result for the year was EUR -3.9 million; net result EUR -4.8 million.

• Earnings per share for the year was EUR -0.02.

• Equity ratio negative at year-end; net debt increased to EUR 5.4 million.

Outlook and guidance

• No short-term outlook published; long-term targets for subsidiary include >30% annual revenue growth and >20% EBITDA margin.

• Management expects revenue to return to growth in 2026, supported by a strong order backlog.