Verallia (VRLA) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with a welcome from the Chairman and outlined a comprehensive agenda covering financial results, governance, remuneration, auditor reports, Q&A, and voting on resolutions.

Financial performance review

• Revenue declined by 3.6% to €3,331M in 2025, with organic growth at -2.8%.

• Adjusted EBITDA fell 17.8% to €692M, with margin dropping to 20.8% from 24.4%.

• Net income decreased 60.8% to €93M, mainly due to asset impairments in Germany.

• Free cash flow doubled to €166M despite lower EBITDA, reflecting strict investment control.

• Net debt increased to €1,861M, with leverage at 2.7x EBITDA.

Dividend announcements

• Dividend set at €1.00 per share for 2025, with option for payment in cash or new shares.

• Major shareholders committed to stock payment, limiting cash impact to under €20M.