Viohalco (VIO) H2 2025 earnings summary

Executive summary

• Revenue reached EUR 7.2 billion, up 9% year-over-year, with profitability at EUR 727 million, a 20% increase, and profit before tax at EUR 398 million, up 45% year-over-year.

• Net debt declined to EUR 1.496 billion, with net debt/EBITDA improving to 1.9x, supported by strong operating results and disciplined working capital management.

• Robust performance was driven by strong results in aluminium, cables, steel pipes, and steel, with significant contributions from packaging, automotive, and energy infrastructure demand.

• Strategic investments continued across all segments, with CapEx at EUR 428 million, focusing on capacity expansion and operational improvements.

• Proposed gross dividend of EUR 0.27 per share for 2025.

Financial highlights

• Revenue grew at a 7.7% CAGR over five years; adjusted EBITDA at 14.3% CAGR; earnings before taxes at 9.6% CAGR.

• CapEx remained stable year-over-year at EUR 428 million.

• Interest rate costs declined significantly, supporting profitability.

• Net profit attributable to owners rose 46% to EUR 235 million; earnings per share reached EUR 0.91.

• Gross margin increased to EUR 861 million.

Outlook and guidance

• Entering 2026 with confidence despite geopolitical tensions, with ongoing monitoring of energy costs and supply chain risks.

• Aluminium faces headwinds from high energy costs and supply constraints, but long-term outlook remains positive.

• Copper expects sales volume growth from capacity expansion and portfolio diversification.

• Cables and steel pipes segments supported by strong order backlogs and major expansion completions.

• Real estate growth to accelerate in 2026 with new office completions and robust demand for premium properties.