Prosegur Cash (CASH) investor relations material

Executive summary

• Net profit rose 3.3% year-over-year to €94 million in 2025, despite a 4.9% sales decline due to significant currency headwinds, especially in Latin America and Argentina.

• Organic revenue growth was 5.3%, with transformation products now representing 35.2% of total sales and strong performance in Cash Today and digital offerings.

• Free cash flow reached €108 million, supported by disciplined CAPEX and working capital management.

• Board proposed a €62.5 million dividend for 2025, maintaining the prior year’s dividend per share.

• Achieved 8.4% reduction in carbon footprint since 2023 and improved workplace safety metrics.

Financial highlights

• Revenue: €1,987 million, with 5.3% organic growth, 0.9% inorganic, and an 11.1% FX headwind.

• EBITDA: €355.7 million (17.9% margin); EBITA: €238 million (12% margin); Net profit: €94 million (4.7% of sales).

• Earnings per share: €0.0607, up 1.2% YoY.

• Free cash flow: €108 million, 77% EBITDA conversion.

• Net debt reduced by €36 million YoY; leverage ratio at 2.4x.

Outlook and guidance

• Expecting mid-single digit sales growth and EBITDA margin enhancement in 2026, with further net profit improvement.

• Latin America anticipated to recover as Argentina stabilizes; Europe expected to exceed 3% growth; Asia Pacific to maintain strong momentum.

• CapEx to increase in 2026, particularly for Forex business expansion at major airports.

• Continued focus on deleveraging, transformation products, and operational efficiency.

• No significant changes expected in capital structure or cost of capital for 2026.