Ideal Holdings (INTEK) H2 2025 earnings summary

Executive summary

• 2025 marked a transformational year with record-high profitability, strong operational performance, and major strategic achievements including the acquisition of Barba Stathis for EUR 130 million and a partnership with Oak Hill Advisors.

• Oak Hill Advisors invested EUR 102.5 million, acquiring 25% of investments, and a EUR 48 million share capital increase was oversubscribed 2.6x, enhancing the capital structure.

• Aggregate shareholder reward over 4-5 years reached EUR 54.2 million, representing 23% of market cap, with a EUR 0.40/share dividend and a 6.6% yield in 2025.

• Executed capital returns and continued disciplined capital allocation, reinforcing commitment to shareholder value.

Financial highlights

• Comparable EBITDA rose to EUR 58 million (+48% year-on-year); IFRS EBITDA reached EUR 62.8 million (+26%).

• Comparable EBT increased to EUR 36.7 million (+54%); comparable EAT up to EUR 26.1 million (+59%).

• Revenue grew 35% year-over-year to EUR 513.4 million; gross profit up 35% to EUR 173.3 million.

• Consolidated net debt stands at EUR 7 million, reflecting a robust financial position.

• Share buyback program deployed EUR 12 million in 2025.

Outlook and guidance

• Entering 2026 with a strong capital base, enhanced liquidity, and a clear investment focus, targeting at least 15% IRR or 2x cash-on-cash returns on future exits.

• Committed to distributing 40%-50% of net earnings as dividends over the next 3 years, with potential for additional capital returns.

• Sales and EBITDA expected to continue upward trends in 2026 across all major segments.