Ideal Holdings (INTEK) H2 2025 earnings summary

Executive summary

• Achieved record-high profitability in 2025, driven by robust growth, targeted investments, and the acquisition of Barba Stathis for €130 million, expanding the portfolio and market presence.

• Strategic achievements included a partnership with Oak Hill Advisors, a successful €48 million capital increase, and a strengthened capital base.

• Continued focus on shareholder value creation, with total shareholder rewards over five years representing 23% of current market capitalization.

• Executed capital returns and share buyback programs, distributing €54.2 million over four years.

Financial highlights

• Comparable EBITDA increased to €58 million (+48% year-over-year); IFRS EBITDA reached €62.8 million (+26%).

• Comparable EBT rose to €36.7 million (+54%); comparable EAT reached €26.1 million (+59%).

• Revenue grew 35% year-over-year to €513.4 million; gross profit up 35% to €173.3 million.

• Distributed €0.40 per share in dividends for 2025, totaling €21.6 million (6.6% yield).

• Consolidated net debt stands at approximately €7 million.

Outlook and guidance

• Entering 2026 with a strong capital base, enhanced liquidity, and a clear investment focus, aiming for continued value creation and upward trends in turnover and EBITDA across all segments.

• Targeting at least 15% IRR or 2x cash-on-cash returns on future exits.

• Committed to distributing 40%-50% of net earnings as dividends over the next three years, with potential additional capital returns from asset exits.