Sixt (SIX2) Q4 2025 earnings summary

Executive summary

• Achieved record revenue and strong earnings growth in 2025, with currency-adjusted revenue up 8.7% to EUR 4.28 billion and further profitable growth expected in 2026.

• EBT rose 19.5% to EUR 400.5 million, with EBT margin improving to 9.4%.

• Net income increased 17.2% year-over-year to EUR 285.8 million.

• Expanded premium vehicle offering by over 20,000 units, increasing premium share to 56%.

• Gained market share in all regions and segments, supported by customer loyalty initiatives and the launch of the SIXT ONE rewards program.

Financial highlights

• Consolidated revenue reached EUR 4.28 billion, up from EUR 4.00 billion in 2024, with FY 2025 guidance of EUR 4.45–4.60 billion.

• EBT increased by 19.5% versus FY 2024, with EBT margin around 10%.

• EBIT increased 12.5% to EUR 543.2 million.

• Dividend proposal of EUR 3.202–3.222 per share, up 18.5%, with a payout ratio of 52.7–53%.

• Fleet size grew to 196,900 vehicles, with strong utilization at 82%.

Outlook and guidance

• FY 2026 revenue guidance of EUR 4.45–4.60 billion, with EBT margin expected at ~10%.

• Plans continued investment in premium fleet, technology, and automation, with disciplined fleet management.

• Macroeconomic environment in 2026 expected to improve slightly, with GDP growth forecasts of 1.1% for Germany, 1.3% for Europe, and 2.4% for the US.

• Risks include political/economic uncertainties, weak US consumer sentiment, residual value headwinds, and FX volatility.

• Opportunities from economic recovery, strong summer travel, and rising residual values in the US.