Washtec (WSU) Q4 2025 (Media) earnings summary

Executive summary

• Achieved record revenue of €498.6m in 2025, up 4.6% year-over-year; at constant exchange rates, revenue surpassed €500m for the first time.

• EBIT rose 7.5% to €48.9m, with EBIT margin improving to 9.8% from 9.5% year-over-year.

• Free cash flow increased 6.1% to €41.9m; adjusted for a prior-year tax reimbursement, the increase was 45%.

• Dividend proposal of €2.50 per share, up from €2.40.

Financial highlights

• Revenue: €498.6m (+4.6% year-over-year); at constant FX, €503.9m.

• EBIT: €48.9m (+7.5% year-over-year); EBIT margin: 9.8% (+30 bps year-over-year).

• Net income: €30.7m (down 1.0% year-over-year); EPS: €2.29 (down 1.3% year-over-year).

• Free cash flow: €41.9m (+6.1% year-over-year).

• ROCE: 24.8% (+120 bps year-over-year).

Outlook and guidance

• Expects mid-single-digit percentage revenue growth in 2026 and EBIT growth outpacing revenue.

• Free cash flow forecasted between €35m and €45m for 2026.