Hexaom (ALHEX) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was €616.2 million, down 15.4% year-over-year, reflecting a challenging property sector but improved profitability.

• Current operating income rose 25.4% to €25.2 million, with margin up to 4.1% from 2.8% in 2024.

• Net income increased 4.4% to €14.3 million, representing 2.3% of revenue.

• Integration of the HDV Group and cost adaptation measures drove profitability gains.

Financial highlights

• Operating income reached €20.8 million, up 5.1% year-over-year.

• Net cash at year-end was €61.6 million, down from €84.3 million due to the HDV acquisition.

• Equity stood at €238.1 million; cash assets totaled €140.5 million.

• Proposed dividend of €0.80 per share for 2025, up from €0.49 in 2024.

Outlook and guidance

• Revenue growth of 20% expected in 2026, with operating profitability above 5%.

• Focus on market share gains, cost control, and diversification, including franchise expansion and new offerings.

• Continued vigilance in a volatile economic and geopolitical environment.