Vidrala (VID) Q4 2025 earnings summary

Executive summary

• Achieved revenue of EUR 1,465.2 million, EBITDA of EUR 441 million, and EPS of EUR 6.24 for 2025, with net profit at EUR 219.6 million.

• Maintained resilient performance and strong cash generation of EUR 200.1 million, enabling net debt reduction to EUR 105.3 million (0.2x EBITDA).

• Strategic actions included exiting Italy and Belgium, entering Chile, and focusing on three business divisions across three geographies.

• Broadened business profile through selective international expansion and disciplined execution, reinforcing competitiveness.

• Margin resilience and industrial competitiveness were maintained despite negative demand and macroeconomic challenges.

Financial highlights

• Revenue reached EUR 1,465.2 million, down 7.8% reported and 5.4% organically year-over-year due to soft demand and price moderation.

• EBITDA margin improved to 30.1%, up 1.5 percentage points year-over-year.

• Free cash flow was EUR 200.1 million, representing 14% of sales.

• Net debt reduced to EUR 105.3 million, leverage ratio at 0.2x EBITDA.

• Ordinary cash dividends for 2025 totaled EUR 1.5959 per share, with a proposed 15% increase for 2026.

Outlook and guidance

• Sales volumes expected to turn positive in 2026, driven by market stabilization and internal actions.

• Price moderation of 2% anticipated for 2026, with 50% of sales under multi-annual agreements with price adjustment formulas.

• CapEx for 2026 expected to be slightly below 2025’s EUR 189 million, in the EUR 170–180 million range.

• Guidance for 2026 to be announced at the AGM in April, including Chilean operations.

• Management remains focused on customer, cost, and capital, aiming for reliable, competitive, and sustainable operations.