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Prosegur Cash (CASH) investor relations material
Prosegur Cash Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net income grew 22.2% year-over-year, with sales surpassing €1 billion for H1 2025, driven by 9.7% organic growth and strong Asia Pacific performance, despite significant negative currency impacts.
Transformation Products sales grew 7.6% to €342 million, now representing 34% of total sales, with penetration up across all regions.
Free cash flow reached €28 million, supporting a net debt reduction of €44 million over the last twelve months and maintaining a stable leverage ratio of 2.3x.
Transformation initiatives, efficiency programs, and digital innovation contributed to improved margins and operational performance.
ESG progress included a 6.4% reduction in heavy fleet emissions and recognition for workplace and gender equality.
Financial highlights
Revenue for H1 2025 was €1,005 million, up 0.7% year-over-year, with organic growth near 10% and a negative currency impact of 11%.
Adjusted/pro forma EBITA margin was 11.2%, with pro forma margin at 11.7%, up 35 bps year-over-year.
Net profit was €48 million, up 22.2% year-over-year; EPS rose to €3.09, a 20% improvement.
Free cash flow for the period was €28 million, with an EBITDA conversion rate of 81%.
Net financial result improved by over 50% due to lower FX impacts.
Outlook and guidance
Expecting improved sales and margins in the second half of the year, with continued strong performance in Asia Pacific and positive momentum in Europe.
Confident in achieving consensus EBITDA (pro forma) for the full year, targeting around €279-280 million.
Efficiency program to continue in Q3, with another €5 million in restructuring costs anticipated and a payback period under 18 months.
Anticipate further deleveraging and strong EPS growth.
Focus on efficiency, innovation, and natural FX hedging to mitigate currency volatility.
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