Technotrans (TTR1) Q4 2025 earnings summary

Executive summary

• Revenue increased by 2.5% year-over-year to EUR 244 million, driven by Energy Management, Healthcare & Analytics, and Print, despite macroeconomic challenges.

• EBIT rose 40% to EUR 17.3 million, with EBIT margin improving to 7.1% due to portfolio focus and operational efficiency.

• Free cash flow reached a record EUR 16.6 million, nearly doubling year-over-year.

• ROCE improved to 16.8%, exceeding guidance and reflecting enhanced capital efficiency.

• Launched the Ready for Growth strategy to drive future profitability and long-term targets.

Financial highlights

• Gross profit rose to EUR 71.3 million, with gross margin improving to 29.2%.

• EBITDA increased 26% to EUR 24.2 million; EBITDA margin at 9.9%.

• Net profit up 57% to EUR 11.5 million; EPS rose to EUR 1.66 from EUR 1.06.

• Equity ratio improved to 65.1%; net debt reduced to EUR 8.3 million; leverage dropped to 0.34.

• Dividend of EUR 0.83 per share proposed, representing a 50% payout ratio.

Outlook and guidance

• 2026 revenue forecast between EUR 240–260 million; EBIT margin expected at 6.5–8.5%.

• Free cash flow expected slightly above EUR 10 million, reflecting growth investments.

• Midterm goal for 2030: revenue over EUR 350 million, EBIT margin between 9–12%.

• Business momentum anticipated to accelerate in H2 2026, especially in Energy Management.

• Guidance assumes stable political and economic conditions; excludes portfolio changes and new construction project.