R&S Group (RSGN) Q4 2025 TU earnings summary

Executive summary

• Net sales reached CHF 414.8 million for FY2025, up 47% year-over-year, driven by the Kyte Powertech acquisition and strong organic growth of 8.6%.

• EBITDA rose to CHF 86.7 million, with a margin of 20.9%; adjusted margin was 20.5% excluding a one-off gain.

• Profit after tax increased to CHF 58.1 million, up 41% compared to FY2024.

• Free cash flow improved to CHF 48.1 million, representing 11.6% of net sales.

• Order intake was CHF 476.8 million, with a book-to-bill ratio of 1.15, supporting future growth visibility.

Financial highlights

• Net sales grew 47% year-over-year, with organic growth of 8.6% and 9.7% at constant FX rates.

• EBITDA increased 28% to CHF 86.7 million; EBIT rose 26% to CHF 79.2 million.

• Earnings per share reached CHF 1.56, up 19% year-over-year.

• Net financial debt reduced by 31% to CHF 62.9 million, lowering leverage to 0.7x EBITDA.

• Dividend proposal of CHF 0.50 per share, unchanged from prior year.

Outlook and guidance

• Mid-term guidance confirmed: organic net sales growth of 8–12% over the cycle and EBITDA margin of 19–21%.

• Strong order backlog and book-to-bill ratio provide positive visibility for 2026 and 2027.