Compagnie de l'Odet (ODET) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 net income, Group share, was €218 million, with consolidated net income at €354 million, down from €1,750 million in 2024 due to prior year one-off gains and losses.

• Revenue reached €2,924 million, a 9% decrease at constant scope and exchange rates year-over-year.

• Proposed dividend of €4.80 per share, up 9%, and intention to pay an exceptional interim dividend in 2026 linked to Bolloré SE's extraordinary payout.

Financial highlights

• Adjusted operating income (EBITA) was €282 million, a significant improvement from -€16 million in 2024.

• EBITDA rose to €357 million from €31 million in 2024.

• Net cash position increased to €5,126 million at year-end 2025, up €321 million from 2024.

• Shareholders' equity stood at €21,089 million, down €665 million, mainly due to fair value changes, buybacks, and dividends.

Outlook and guidance

• Board intends to distribute at least two-thirds of the exceptional dividend received from Bolloré SE as an interim dividend in the second half of 2026.