Tecnoglass (TGLS) investor relations material

Key financial and operational highlights

• FY 2025 revenue reached $984 million, with a 10.5% YoY increase and a record $1.3 billion backlog, up 16.1% YoY.

• Adjusted EBITDA for FY 2025 was $291.3 million (29.6% margin), and net income was $159.6 million, or $3.42 per share.

• Gross margin improved to 42.8% in 2025, driven by automation, product mix, and operating leverage.

• Free cash flow for 2025 was $49.6 million, with strong operating cash flow of $135.8 million.

• Liquidity stood at ~$465 million, with low net leverage (0.24x) and no significant debt maturities until 2030.

Market position and growth strategy

• U.S. market accounted for 95% of 2025 revenues and 97% of backlog, with a diversified customer base and no single customer over 10%.

• Single-family residential revenues grew 8.4% YoY to $403.4 million, supported by dealership expansion and new vinyl products.

• Multi-family/commercial revenues rose 12% YoY to $580.2 million, reflecting strong backlog execution.

• Strategic expansion includes new showrooms, vinyl window segment entry, and a growing dealer network.

• Backlog conversion remains strong, with 63% of multi-family/commercial backlog rolling off within 12 months.

Operational excellence and competitive advantages

• Vertically integrated operations and strategic location in Colombia provide cost and logistical advantages.

• Automation and advanced manufacturing reduce lead times, costs, and improve product quality.

• JV with Saint-Gobain secures stable glass supply, representing 60% of glass purchases.

• Labor and energy costs are significantly lower than U.S.-based competitors, supporting industry-leading margins.

• Installed manufacturing capacity reached $1.3 billion, with ongoing investments in automation and expansion.