Global Dominion Access (DOM) Q1 2025 earnings summary

Executive summary

• Organic revenue grew 7% at constant currency in Q1 2025, with strong operational profitability and strategic simplification initiatives underway.

• New organizational structure implemented, with two main segments: Global Dominion Environment (GDE) and Global Dominion Tech Energy (GDT).

• Net income increased 49% year-over-year on a proforma basis, mainly due to operational improvements and lower financial/tax expenses.

• Portfolio optimization and divestments in low-margin activities, including SERVE and other non-strategic assets, improved margins and profitability.

• Strategic Plan 2023-2026 focuses on efficiency, sustainability, and long-term value creation.

Financial highlights

• Turnover was €264.1M, down 7% year-over-year due to divestments, with organic growth at 7% in constant currency.

• EBITDA rose to €35.9M (up 3%), with margin improving to 13.6% from 12.3% in Q1 2024.

• Net profit for Q1 2025 was €9.9M, up 49% year-over-year on a proforma basis; attributable net income was €9.1M, up 25%.

• Contribution margin increased to 16%; EBIT reached €19.8M (up 2%), with margin at 7.5%.

• Dividend of €15M approved/proposed, equivalent to €0.10 per share.

Outlook and guidance

• Strategic plan targets further simplification, operational improvements, and selective M&A, especially in GDE.

• GDT projects expected to recover in Q2/Q3 2025 as new projects in Italy, Nicaragua, and Chile come online.

• Focus remains on high-growth, sustainability-linked activities and recurring, higher-margin sectors.

• Divestments in Dominican Republic and Cerritos wind farms expected to close by mid-2025, further reducing debt.

• Organic growth in Global Dominion Environment exceeded guidance at 6%.