Cavotec (CCC) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue grew 9.1% year-over-year to EUR 49.5 million, driven by strong Industry segment performance, while Ports & Maritime remained cautious.

• Net profit for Q4 increased 3.1% to EUR 1.7 million, with EPS up 6.7% to EUR 0.016.

• Full-year 2025 ended with a net loss, despite a strong Q4, prompting cost-saving measures for 2026 and a proposal for no dividend.

• Operating cash flow for Q4 rose 161% to EUR 6 million, and full-year operating cash flow more than doubled to EUR 12.6 million.

• Significant contracts were signed in Q4, including major orders for shore power systems and cable reels in multiple regions.

Financial highlights

• Q4 order intake decreased 22.1% year-over-year to EUR 47.9 million, mainly due to cautious Ports & Maritime customers.

• Order backlog at quarter-end was EUR 124.2 million, down 1.7% year-over-year.

• Adjusted EBIT for Q4 rose 0.9% to EUR 3.9 million; margin was 7.8%.

• Net debt improved to EUR -8.8 million from EUR -15.3 million at end 2024.

• Equity/assets ratio at year-end was 35.7%, down from 38.9% a year earlier.

Outlook and guidance

• Cost-saving initiatives will be detailed and implemented in 2026 to improve efficiency and profitability.

• Management expects to benefit from megatrends in electrification, automation, and regulatory drivers.

• Positioned for value creation as customer investment willingness returns and sentiment improves.