PORR (POS) Q4 2025 (Media) earnings summary

Executive summary

• Achieved record revenue of EUR 6.3bn and profit of EUR 136.7m, with strong growth in both orders and earnings year-over-year.

• Production output reached EUR 6,818m, with 98% generated in seven core European markets.

• Major projects in infrastructure and building construction drove a 14.1% increase in order intake and an 11.7% rise in order backlog to EUR 9.5bn.

• Significant efficiency gains, cost savings, and higher equity income contributed to a 25.6% profit increase.

Financial highlights

• Revenue up 1.7% to EUR 6,295.9m compared to 2024; EBIT up 24.2% to EUR 196.7m; EBITDA up 11% to EUR 409.4m.

• Earnings per share rose 29.3% to EUR 3.00; dividend per share proposed at EUR 1.052, up 16.7%.

• Free cash flow increased 68.6% to EUR 232.9m; cash and cash equivalents rose to EUR 748m.

• Net cash position of EUR 93.1m at year-end, reversing net debt from previous year.

• Equity ratio stable at 21.1% despite an 8% increase in total assets.

Outlook and guidance

• Positive outlook for 2026 with continued strong demand in infrastructure, energy, and digital networks.

• Anticipates moderate growth in output and revenue, with an increase in EBIT margin; long-term EBIT margin target of 3.5%-4.0% by 2030.

• Strategic expansion in healthcare, modular housing, industrial construction, and data centers to address emerging market needs.