Foamit (FOAMIT) H2 2025 earnings summary

Executive summary

• EBITDA and order backlog grew significantly in 2025, with order backlog up 28% year-over-year to €23.8 million at year-end.

• Strategic transformation included full ownership of Foamit Group, rebranding, and major investments in production capacity.

• New CEO Erja Sankari appointed in September 2025, with strengthened management and sales organization.

• IFRS reporting adopted for 2025, with prior year figures restated for comparability.

Financial highlights

• 2025 revenue was €39.7 million, down from €41.4 million in 2024.

• Adjusted EBITDA (excluding one-time gains) rose 18% to €5.9 million from €5.0 million.

• Operating profit was €1.5 million, compared to €1.8 million in 2024; adjusted operating profit was €1.5 million vs. €0.6 million.

• Net profit was €0.7 million, up from €0.0 million on a comparable basis (2024 included €5.1 million in one-time gains).

• EPS was €0.02, down from €0.15 in 2024.

• Cash and cash equivalents at year-end were €12.1 million, down from €28.9 million.

• Investments totaled €9.0 million, up from €3.9 million.

Outlook and guidance

• Targeting €100 million revenue and over 20% EBITDA margin by end of 2028.

• No short-term guidance provided due to ongoing strategic transformation.

• Construction market expected to remain challenging in 2026, but infrastructure segment shows growth potential.