Burkhalter (BRKN) H2 2025 earnings summary

Executive summary

• Achieved record results in 2025, with net revenue of CHF 1,207.6 million, EBIT of CHF 73.8 million (6.1% margin), and net income of CHF 61.3 million; EPS rose 7.2% to CHF 5.78.

• Board proposes a dividend of CHF 5.20 per share, up from CHF 4.85 in the prior year.

• Sustained high demand for building technology services and efficiency gains drove performance.

• Continued strategic acquisitions, with six completed across 2025 and 2026, supporting growth and diversification.

• Expanded market position and regional presence through targeted acquisitions.

Financial highlights

• Net revenue increased from CHF 1,186.8 million in 2024 to CHF 1,207.6 million in 2025.

• EBIT rose from CHF 69.7 million to CHF 73.8 million, with margin improving from 5.9% to 6.1%.

• Net income grew from CHF 57.2 million to CHF 61.3 million, margin up from 4.8% to 5.1%.

• Operating cash flow increased to CHF 109.8 million in 2025 from CHF 90.9 million in 2024.

• Dividend payout ratio maintained at 90% for 2025, with a five-year average of 93%.

Outlook and guidance

• Targeting another moderate increase in EPS for 2026, supported by strong demand for energy-efficient building technology and ongoing construction activity.

• High demand expected due to energy efficiency renovations and federal building programs.

• Integration of acquired companies into a shared ERP system to drive further efficiency in 2026.