Frauenthal Holding (FKA) H2 2025 earnings summary

Executive summary

• Strategic sale of the Automotive division in December 2025 reduced risk and capital needs, focusing the group on core segments.

• Revenue from continuing operations declined by 2.1% year-over-year to €790.4 million due to weak construction activity and economic headwinds.

• EBITDA increased by €4.2 million to €37.3 million, driven by stringent cost management and efficiency gains.

• The group is now centered on Frauenthal Handel (technical wholesale) and the newly established Frauenthal Immobilien (real estate), both positioned for future growth.

Financial highlights

• Revenue from continuing operations: €790.4 million in 2025, down 2.1% from 2024.

• EBITDA: €37.3 million in 2025, up from €33.1 million in 2024.

• EBIT: €13.4 million in 2025, up from €6.5 million in 2024.

• Net income after tax: €5.3 million in 2025, compared to a loss of €2.1 million in 2024.

• Equity ratio improved to 40.3% in 2025 from 35.0% in 2024.

Outlook and guidance

• 2026 expected to remain challenging due to global crises and weak construction markets.

• Continued focus on strict cost management and efficiency improvements.

• Targeting additional market share in technical wholesale, especially in photovoltaics and heat pumps.

• Real estate division aims to create new value and sustainable growth opportunities.