KME Group (KME) H2 2025 earnings summary

Executive summary

• Approved consolidated financial statements as of 31 December 2025, with a focus on core rolled copper business and divestment of non-core assets.

• Completed sale of CULTI Milano in April 2026 for €45.8 million, including €38.3 million in cash and €7.5 million in preferred shares with a 12% annual return.

• Strategic agreement to repurchase control of Cunova, transfer aerospace business, and refinance €170 million debt, targeting a €250 million value for the group.

• Acquisition of Sundwiger Messingwerk GmbH in January 2025 to strengthen the rolled copper segment.

• Closure of the Stolberg plant as part of ongoing restructuring and cost rationalization.

Financial highlights

• Consolidated revenues (net of raw materials) rose 11.9% year-over-year to €558.3 million; gross turnover reached €1,928.6 million, up 25.2%.

• EBITDA declined 21.3% to €73.9 million from €93.9 million in 2024.

• EBIT was €20.3 million, down from €49.8 million in 2024.

• Net loss before IFRS inventory impact was €34.3 million, mainly due to financial expenses; IFRS comprehensive net loss was €68.0 million.

• Consolidated shareholders' equity stood at €202.2 million; reclassified net financial position at €331.6 million.

Outlook and guidance

• Business outlook tied to demand trends in reference sectors and broader macroeconomic dynamics.

• Potential for further debt reduction through additional disposals of non-core assets.