Polytec (PYT) Q4 2025 earnings summary

Executive summary

• Achieved operational turnaround in 2025, returning to net profitability with earnings after taxes of EUR 10.2 million, up EUR 17.5 million year-over-year.

• Structural optimization included workforce reduction, site closures, and disposals, enhancing efficiency and focus.

• Maintained stable cash flow and consistent dividend policy, proposing a EUR 0.20 per share dividend for 2025.

• Strategic focus on diversification, with smart plastic applications and non-automotive share targeted to reach 30% of revenue midterm.

Financial highlights

• 2025 group sales were EUR 666.8 million, down 1–1.6% year-over-year.

• EBITDA rose 46% to EUR 51.4 million (margin 7.7%), and EBIT increased over fivefold to EUR 19.8 million (margin up to 3%).

• Earnings after tax improved by EUR 17.5 million to EUR 10.2 million, reversing a prior year loss.

• Net debt reduced by over 58% to EUR 18 million; gearing ratio improved to 0.08.

• Investments in fixed assets increased by 15% to EUR 29–29.1 million.

Outlook and guidance

• 2026 sales expected in the range of EUR 560–590 million, reflecting divestments and plant closures.

• EBIT margin targeted at around 3% for 2026, with stable or slightly improved earnings despite lower sales.

• Continued annual dividend payments planned, subject to profitability.