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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.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.
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