press releases
Full-Year 2025 Results
2025 results
Core EBITDA margin improved despite sales headwinds,
driven by strong cost discipline
Progress against FOCUS-27 in a deteriorating environment
Accelerated transformation to strengthen the operating mode
Full-year 2025 results
€848.2 million net sales
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(7.0) % decline year-on-year – (5.9) % on a comparable basis
EBITDA at €9.9 million compared to €(43.6) million in 2024
Core EBITDA at €66.2 million compared to €50.4 million in 2024
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7.8% Core EBITDA margin vs 5.5% in 2024
- €10M decrease in OPEX1, driven by effective cost control measures
€ (130.6) million Operating Income compared to € (120.4) million in 2024
- €(77.8) million impairments of assets
€ (211.2) million Net Income compared to € (130.6) million in 2024
€ (77.0) million CAPEX – 55% dedicated to growth
€ 68.2 million Net Cash Position at the end of December 2025
2026 outlook2
Due to the impact of portfolio rationalization, and considering the challenging business environment, the company expects a decrease of around 10% in net sales3 in 2026. In this context, EUROAPI will accelerate its transformation to protect profitability and expects to maintain its FY 2026 Core EBITDA margin broadly in line with FY 2025.
FOCUS-27 plan update
Transformation remains on track in a challenging environment with group fundamentals reinforced through timely execution of the initial phase of the plan:
- APIs portfolio streamlined as scheduled
- Haverhill site successfully divested
- Cost base sustainably reduced through enhanced operational efficiencies.
With 2026 and 2027 sales now expected to be below initial assumptions, incremental Core EBITDA target will not be achieved in 2027. Consequently, we are accelerating the plan and launching additional business initiatives to continue to strengthen the operating model.
“0ur 2025 financial results reflect improved cost discipline, and we are prepared to navigate 2026 with the same rigor and focus,” said David Seignolle, Chief Executive Officer of EUROAPI. “The fastmoving business environment we face requires us to accelerate and intensify our efforts. We will take the necessary actions to drive profitable growth, with a long-term strategy anchored in discipline and value creation, in the interests of all stakeholders.”
Read the full-year 2025 results