Sigdo Koppers (SK) Q4 2025 earnings summary

Executive summary

• FY2025 revenue rose 9.0% to US$4,119.1m, EBITDA increased 3.0% to US$551.3m, and earnings attributable to owners grew 7.8% to US$111.1m.

• Q4 revenue rose 17.5% to US$1,107.3m, while EBITDA fell 6.8% to US$148.2m and attributable earnings declined 37.8% to US$31.8m.

• Mining-related activity generated 80% of consolidated EBITDA; 65% of FY2025 revenue came from outside Chile.

Financial highlights

• FY2025 gross profit rose 16.3% to US$842.6m and gross margin expanded 130 bps to 20.5%; operating income increased 0.3% to US$374.5m.

• Q4 gross profit increased 52.6% to US$244.0m and gross margin expanded 510 bps to 22.0%; operating income fell 11.8% to US$103.4m.

• Q4 net income was US$57.2m, down 21.0%; attributable earnings fell 37.8% to US$31.8m, partly reflecting extraordinary prior-year divestment gains.

• FY2025 net income increased 12.3% to US$206.0m; net financial expense fell 22%.

Outlook and guidance

• Priorities include strengthening and positioning businesses to pursue opportunities across operating regions, especially new mining expansion projects; no numerical guidance was stated.