Global Dominion Access (DOM) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 was marked by transformation and operational simplification, focusing on recurring business growth, sustainability, and divestment of non-core and renewable infrastructure, including PV facilities in the Dominican Republic and French activities.

• Achieved record EBITDA margin of 13.7% on sales, the highest in company history, driven by operational improvements and focus on profitable activities.

• Organic growth of 4% was achieved, with recurrent areas (GDE and GDT Services) growing above guidance at 6%.

• Net financial debt reduced by 25% year-over-year to €136.6 million, lowering leverage to 0.9x EBITDA.

• Net profit was €10.2 million, including a -€18.5 million extraordinary adjustment from USD depreciation; excluding this, net profit was €28.7 million, up 10% year-over-year.

Financial highlights

• Consolidated revenue for 2025 was €1,045 million, with 4% organic sales growth at constant currency.

• EBITDA margin reached a record 13.7% of sales, with EBITDA at €143 million.

• Net financial debt reduced to €136.6 million (0.9x EBITDA), 25% lower than 2024.

• Operating cash flow generation reached €71.7 million, up 5.4% year-over-year.

• One-off €18.5 million negative impact from USD depreciation and Dominican Republic asset correction; without this, net profit would be 10% higher year-over-year.

Outlook and guidance

• Growth guidance for 2026 is set above 5%, with project reactivation expected in Q2 or Q3 2026, especially in Latin America and Italy.

• A new Strategic Plan will be presented after summer 2026, focusing on further growth, value creation, and deeper focus on the two strategic areas.

• Strategic Plan targets met or exceeded: recurring contribution margin >70%, EBITDA 13.7% of sales, and net financial debt below 1x EBITDA.