Infortar (INF1T) Q4 2025 earnings summary

Executive summary

• Annual revenue for 2025 grew 34% year-over-year to EUR 1.84 billion, with EBITDA at EUR 233 million and net profit at EUR 72–72.7 million, reflecting strong growth and profitability despite macroeconomic uncertainty.

• Growth was driven by strong performance across core segments, successful international expansion, and cost optimization.

• Portfolio diversification and international investments, especially in Latvia and Poland, contributed to resilience.

• Dividend payout increased for the third consecutive year, with EUR 63–76.5 million paid or proposed for 2025, supported by a strong balance sheet and low leverage.

Financial highlights

• Q4 2025 net profit was EUR 14–14.1 million, a turnaround from a loss in the prior year.

• Total assets stood at EUR 2.59 billion, equity at EUR 1.18 billion, and net debt at EUR 841 million.

• Cash and cash equivalents increased to EUR 219.8–220 million, and liabilities, including net debt, decreased, strengthening the balance sheet.

• Share price rose by approximately 3% over the year and 75.77% over two years, closing at EUR 45.7.

• Group equity ratio improved to 45.5% from 43.0% year-over-year.

Outlook and guidance

• Management expects continued profitable growth, supported by strong liquidity, diversified assets, and disciplined execution, but notes 2026 may be challenging.

• Focus remains on sustainable value creation, prudent leverage, and long-term investment, especially in infrastructure, agriculture, and renewable energy.

• Dividend strategy remains focused on stable and increasing payouts, with a proposed yield of 6.5–6.6%.