Aquafil (ECNL) Q4 2025 earnings summary

Executive summary

• Achieved strong EBITDA growth and improved net financial position in 2025, despite a 3.9% revenue decline due to lower raw material prices and regional market softness in Europe and Asia Pacific.

• Volumes increased year-over-year, with robust growth in the US and a rebound in European textile fiber volumes in Q4.

• Engineering plastics segment achieved double-digit volume growth.

• ECONYL/ECONYL® products surpassed 60% of fiber revenues, meeting a key strategic target.

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

Financial highlights

• FY2025 revenues declined by 3.9% to €520.8M; EBITDA rose 16.1% to €72.4M, with margin improving from 11.5% 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, supported by operational discipline and cost rationalization.

• Q4 2025 revenues fell 5.7% year-over-year, but EBITDA increased 22.2%.

• NFP/EBITDA ratio improved to 2.89x from 3.42x.

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 €8–10 million in subsequent years, supported by operational efficiency and energy-saving initiatives.

• Confidence in future growth is underpinned by global presence and ECONYL's market positioning.