Prosegur Cash
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Prosegur Cash (CASH) investor relations material

Prosegur Cash Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary27 Feb, 2026

Executive summary

  • Achieved organic revenue growth of 5.3%, but total sales declined 4.9% due to an 11.1% negative currency impact, especially from Argentina and FX headwinds in Latin America.

  • Net profit increased 3.3% year-over-year to €94 million, with improved profitability and margins.

  • Transformation products now represent 35.2% of total revenue, up 300 basis points year-over-year, with strong growth 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.

Financial highlights

  • Revenue: €1,987 million, with 5.3% organic growth, offset by 11.1% FX headwind; sales declined 4.9% year-over-year.

  • EBITDA margin: 12% for the year, 12.5% in Q4; EBITA margin stable at 12%, pro forma EBITA margin at 12.5% in Q4.

  • Net profit: €94 million (4.7% of sales, up 30 bps YoY); EPS increased 1.2% to 6.07 euro cents.

  • Free cash flow: €108 million, 77% EBITDA conversion, up 300 bps YoY.

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

Outlook and guidance

  • Focus on transformation products and operational efficiency, expecting mid-single digit sales growth and EBITDA margin enhancement in 2026.

  • 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 disciplined capital allocation, deleveraging, and strong shareholder remuneration.

Sales impact from currency fluctuations
Assess Cash Today's contribution to growth
Compare regional EBITA margins
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Frequently asked questions

Prosegur Cash, S.A., provides cash cycle management solutions and automating payments in retail establishments, ATM management for financial institutions, business, government agencies, central banks, mints, and jewellery stores. Prosegur Cash, S.A provides embedded card technology which is integrated into the point-of-sale terminals for payments for all shop floor items by linking directly to client bank accounts. Prosegur Cash serves clients in Argentina; Brazil; Colombia; Peru; Chile; and Uruguay through more than 400 employees and partners worldwide.

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