Aquafil (ECNL) Q4 2025 earnings summary

Executive summary

• Profitability and margins improved in FY 2025 despite a 3.9% revenue decline, driven by lower raw material costs and strong US market growth.

• Carpet fiber (BCF) volumes increased year-over-year, led by the US, while Europe and Asia-Pacific lagged.

• Textile fiber (NTF) volumes rebounded in Q4 after earlier declines, especially in Europe.

• Engineering plastics (EP) segment achieved double-digit volume growth.

• ECONYL® products surpassed 60% of fiber revenues, reinforcing sustainability strategy.

Financial highlights

• FY 2025 revenues declined by 3.9% to €520.8M; EBITDA rose 16.1% to €72.4M, with margin improving to 13.9%.

• Net loss narrowed to €4.7M from €16.3M year-over-year.

• Net financial position improved to €209.5M from €213.5M.

• EUR 17 million cost rationalization project delivered initial savings, with further benefits expected in 2026 and 2027.

• Operating cash flow after investments improved by €9.2M despite €8M in non-recurring costs.

Outlook and guidance

• 2026 targets: EBITDA €79–83M, net financial position €185–195M, capex €24–28M.

• Projected 2026 volume growth: BCF +3–7%, NTF +7–10%, EP +3–7%.

• Focus on further cost rationalization, margin consolidation, and deleveraging.

• Profitability is projected to rise by EUR 8–10 million, supported by operational efficiency and energy-saving initiatives.