Prosegur Compañía de Seguridad (PSG) investor relations material

Executive summary

• Full year 2025 results showed sales reached €4,930M, up 0.5% year-over-year, marking an all-time high, with growth and improved profitability, especially in security and alarm businesses, leading to a more diversified and sustainable cash generation profile.

• Consolidated net income increased by 53% year-over-year to €119M, reflecting strong business performance and efficient treasury and tax management.

• EBITDA grew 8.9% to €357M, with margin rising to 11.4%, driven by security business growth and effective cost pass-through.

• Organic growth was 10% in one report and 5.3% in another, mainly driven by APAC and Europe, partially offset by FX effects, particularly in LatAm.

• Dividend proposal increased 3.6% to €90M (€0.1651 per share), reinforcing commitment to shareholder value.

Financial highlights

• Net income reached €119M, up 53% year-over-year.

• EBITDA was €357M, an 8.9% increase from the previous year.

• Total sales were €4.9B, up 0.5% compared to last year.

• Normalized consolidated operating cash flow was €316M, excluding €15M in extraordinary costs.

• Net financial debt stood at €1.35B–€1.377B, with a net debt to EBITDA ratio of 2.4x.

Outlook and guidance

• Management expects continued sustainable cash generation and further debt reduction, supported by strong security business performance.

• The new 2026–2029 strategic plan aims to double sales and margins, with significant investment in AI and technology.

• Dividend proposal of €90M for 2026 reinforces commitment to shareholder value.

• Positive outlook for Security and Alarms segments, with continued growth expected in Europe and the US.

• Recurrent rolling cash of €85M to be reinvested in growth.