CIE Automotive (CIE) Q4 2025 earnings summary

Executive summary

• Achieved record results in 2025 with sector-leading operating margins, strong sales growth, and robust cash generation, outperforming the market and fully meeting the 2021-2025 Strategic Plan objectives.

• Net profit reached a record €335.8M, with Q4 net income at €69.5M.

• Entering the next phase with a robust financial position, low debt, and strong operating cash flow.

• The 2025 Non-Financial and Sustainability Reporting covers the group and subsidiaries, prepared in line with CSRD/ESRS and assured by KPMG.

• Closed the 2021-2025 strategic plan, exceeding sales, profitability, and ESG targets.

Financial highlights

• 2025 turnover was €3,958.3m, EBITDA €746.2m (18.9% margin), EBIT €542.9m (13.7% margin), and net income €335.8m.

• Q4 2025 turnover was €984.3m, EBITDA €182.6m (18.6% margin), and net income €69.5m.

• Operating cash generation reached €506.5m, representing 70.6% of EBITDA.

• Net financial debt/EBITDA reduced to 1.18x, the lowest in six years.

• Paid €125M in dividends and reduced debt by nearly €100M while closing two acquisitions.

Outlook and guidance

• Guidance targets continued single-digit outperformance of the market, high operating margins, and cumulative free cash flow over €1,000m for 2026-2027.

• Net financial debt/EBITDA expected to fall to 0.7x by 2027, enabling increased shareholder remuneration.

• New dividend payout policy: 42% in 2026, 50% in 2027.

• CapEx expected to remain at 5% of sales, aligned with amortization.

• The ESG plan will be updated to reflect new regulatory requirements and stakeholder expectations.