Nedap (NEDAP) Q4 2025 earnings summary

Executive summary

• Revenue grew 11% year-over-year to €279.8 million, with key markets up 18%.

• Operating profit increased 33% to €31.7 million, and profit for the year rose 33% to €24.6 million.

• Recurring revenue accounted for 40% of total revenue, maintaining the prior year's proportion.

• Dividend per share set at €3.70, up from €3.20 in 2024.

• CEO transition announced, with Rob Schuurman to succeed Ruben Wegman.

Financial highlights

• Added value as a percentage of revenue increased to 73% from 71.5% year-over-year.

• Operating margin improved to 11.3% from 9.5% in 2024.

• Earnings per share rose to €3.72 from €2.82, a 32% increase.

• Net debt position turned negative at -€3.4 million, compared to €9.6 million in 2024.

• Return on invested capital (ROIC) increased to 37% from 26% year-over-year.

Outlook and guidance

• Revenue growth expected across all four key markets in 2026, supported by ongoing investments.

• EBIT margin targeted to progress toward mid-teens over time.

• Geopolitical and macroeconomic risks acknowledged, but recurring revenue base and disciplined execution provide confidence.