Cenergy
Logotype for Cenergy Holdings SA

Cenergy (CENER) investor relations material

Cenergy H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Cenergy Holdings SA
H2 2025 earnings summary5 Mar, 2026

Executive summary

  • Revenue reached EUR 2.06–2.1 billion in 2025, up 15% year-over-year, with strong growth in both cables and steel pipes segments.

  • Adjusted EBITDA rose 28% to EUR 348 million, with margins expanding to nearly 17%, a record for both segments.

  • Net profit increased by 39% to EUR 194 million, supported by higher operating profitability and reduced finance costs.

  • Backlog stood at EUR 3.4–3.44 billion at year-end, providing strong visibility for future growth.

  • Board proposes a dividend of EUR 0.26 per share, up over 80% year-over-year, reflecting strong profitability and share price performance.

Financial highlights

  • Revenue increased 15% year-over-year to EUR 2.06–2.1 billion; adjusted EBITDA up 28% to EUR 348 million; margin at 16.9% (+174bps YoY).

  • Net profit after tax at EUR 194 million, up from EUR 139 million in the prior year.

  • Free cash flow was EUR 23 million, supporting over EUR 260 million in CapEx.

  • Return on capital employed improved to 28.4–30%.

  • Net debt/EBITDA at 0.6x (including share capital increase cash), or 1.04x otherwise.

Outlook and guidance

  • 2026 adjusted EBITDA guidance set at EUR 370–400 million, likely reaching medium-term ambitions a year early.

  • Full utilization expected at all cable manufacturing plants; US Maryland facility to begin operations in H2 2027, with significant revenue impact from 2028.

  • Steel Pipes segment expects to maintain above-sector margins (14–18%) and benefit from new UK capacity.

  • Market conditions for cables remain robust, driven by grid modernization, renewable integration, and energy transition.

Maryland plant's US data center market strategy
Hartlepool acquisition's impact on CPW margins
When do you expect first HVDC project award?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Cenergy earnings date

Logotype for Cenergy Holdings SA
H2 202631 Mar, 2026
Cenergy
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Cenergy earnings date

Logotype for Cenergy Holdings SA
H2 202631 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage