Cementos Molins (CMO) Q4 2025 earnings summary

Executive summary

• Achieved record net profit of €185m (+1% year-over-year), with EPS at €2.80, despite global market complexity and uncertainty.

• Sales reached €1,368m, flat year-over-year but up 8% like-for-like, driven by volume, price management, and new business integration.

• EBITDA stable at €356m, with a 10% like-for-like increase and margin at 26.1%.

• Strong cash generation (€176m) and net cash position of €94m.

• Continued progress on sustainability, digitalization, and strategic growth initiatives, with 40% of investments allocated to these areas.

Financial highlights

• Q4 sales up 6% year-over-year; Q4 EBITDA up 14%.

• Investments totaled €170m, a 74% increase year-over-year, with 60% directed to growth initiatives.

• EBITDA margin maintained at 26.1%; EBIT up 1% to €263m.

• Cash conversion ratio at 50% (54% on a comparable basis).

• Dividend for FY 2025 set at €0.98 per share (35% payout ratio).

Outlook and guidance

• Strategic Plan 2024-26 progressing across all pillars, with early completion expected upon Secil consolidation in 2026.

• Updated decarbonization targets aligned with SBTI and 1.5°C scenario; 20% reduction in scope 1+2 emissions by 2030.

• Strong financial position enables pursuit of new growth opportunities and execution of the 2030 Sustainability Roadmap.

• Focus on sustainable growth, digital transformation, and talent development.