Grupo Ezentis (EZE) Q4 2025 earnings summary

Executive summary

• Achieved 146% year-over-year revenue growth to €34.4M in 2025, driven by acquisitions of EDA and Elías Equipamientos and business expansion.

• EBITDA improved by €2.9M, turning positive to €1.0M, reflecting operational efficiencies and expanded consolidation scope.

• Net financial debt reached €6.6M, aligned with inorganic growth and expansion strategy.

• Workforce expanded to 257 employees, enhancing technical and operational capabilities.

• The company consolidated its new growth phase under the 2025-2028 Strategic Plan, focusing on efficiency and integration.

Financial highlights

• Revenue rose from €14.0M in 2024 to €34.4M in 2025.

• EBITDA turned positive to €1.0M from -€1.9M year-over-year.

• Net equity improved to €5.4M from -€3.6M, supported by capital increases and convertible loans.

• Proforma revenue (including full-year impact of acquisitions) reached €42.3M, up 203%.

• Proforma EBITDA improved to €2.2M from -€1.9M, normalizing extraordinary costs.

Outlook and guidance

• Strategic plan 2025-2028 targets growth in integrated installations, communications networks, and technological solutions, aiming to double revenue and triple EBITDA.

• Growth model combines organic expansion and selective acquisitions.

• 2025 proforma revenue exceeded the initial €36M target, while proforma EBITDA was below the €3M goal.

• An updated Strategic Plan will be presented in March.