Vicat S.A. (SDCVF) Q4 2025 Earnings Call Transcript

Operator

Welcome to the Vicat 2025 Full Year Results Presentation. [Operator Instructions] Now I will hand the conference over to Guy Sidos, Chairman and Group CEO; Hugues Chomel, Deputy CEO and Group CFO; and Pierre Pedrosa, Head of Investor Relations. Please, sir, go ahead.

Guy Sidos
Chairman of the Board & CEO

Thank you. Good afternoon, ladies and gentlemen. Welcome to Vicat’s 2025 Results Presentation. I’m Guy Sidos, Chairman and CEO of the Vicat Group. Alongside me, I have Mr. Hugues Chomel, Deputy CEO and CFO; as well as Pierre Pedrosa, Head of Investor Relations.

On Slide 2, as a preliminary remark, I would like to draw your attention to the fact that the forward-looking information presented here reflects our current assessment of expected trends across the group’s various markets and should not be regarded as forecast.

On Slide 3, 2025 is part of a solid and sustainable performance trajectory, illustrating the strength and resilience of Vicat’s business model. Consolidated revenue amounted to EUR 3.85 billion in 2025, reflecting an average annual growth rate of nearly 7% over the past 5 years.

EBITDA reached EUR 771 million which representing average growth of close to 7% over the same period. ROCE remained stable at 8.1% [indiscernible]. Lastly, the group’s leverage ratio continued to decrease, reaching 1.49x in ’25 [indiscernible] Vicat’s financial structure.

These results once again demonstrate Vicat’s ability to consistently combine operational performance with financial discipline in a demanding environment. Let’s move to Slide 4. As a