Ideal Holdings (INTEK) H2 2025 earnings summary

Executive summary

• 2025 marked a transformational year with record-high profitability, strong operational performance, and major strategic achievements including the acquisition of Barba Stathis for €130 million and a partnership with Oak Hill Advisors.

• Oak Hill Advisors invested €102.5 million, acquiring 25% of investments, and a €48 million share capital increase was oversubscribed 2.6x, enhancing capital structure.

• Comparable EBITDA rose to €58 million (+48% year-over-year), and net profit (EAT) reached €26.1 million, reflecting significant growth.

• Aggregate 4-year capital return of €1.13/share, total distribution €54.2 million, representing 16.5% of current market capitalization; 5-year shareholder rewards equal 23% of market cap.

• Continued focus on shareholder value through disciplined capital allocation and capital returns.

Financial highlights

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

• Comparable EBITDA reached €58 million (+48%); statutory EBITDA was €62.8 million (+26%).

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

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

• Share buyback program deployed €12 million in 2025.

Outlook and guidance

• Entering 2026 with a strong capital base, enhanced liquidity, and a clear investment focus, 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.

• Positive outlook for all segments, with continued growth and margin expansion expected in 2026.