Haiki+ Confirms Surging 2025 Results and Sets Ambitious 2028 Growth Plan

Haiki+ S.P.A. ( (IT:HIK) ) has issued an update.

Haiki+ reported preliminary 2025 results showing revenues of €304 million and EBITDA of €46 million, both up about 50% year on year, with margins steady at 15%, driven largely by M&A, notably Ecobat (now Haiki Metals), and strong organic growth at Haiki Mines. The company handled roughly 825,000 tons of waste in 2025, significantly increasing internal treatment capacity while still working through plant underutilization at Haiki Electrics and Haiki Recycling.

The board approved a 2026–2028 development plan targeting 2028 revenues of €380 million and EBITDA of €68 million, implying CAGRs of around 8% and 14% respectively and an EBITDA margin improvement to 18%. A €56 million investment program in process innovation, a defined synergy and efficiency plan, and expected deleveraging to a net debt/EBITDA ratio of 0.6x, underpinned by strong operating cash flow and ESG initiatives including an “AA” risk rating and a lower carbon footprint, are set to reinforce Haiki+’s position in Italy’s circular economy.

More about Haiki+ S.P.A.

Haiki+ S.p.A., listed on Euronext Growth Milan, operates as an industrial group focused on the transformation and upgrading of waste materials, positioning itself as a leading player in Italy’s circular economy. The group manages a broad portfolio of treatment plants and services, evolving from a traditional environmental services operator into an integrated industrial platform for material recovery and resource efficiency.

Average Trading Volume: 138,637

Technical Sentiment Signal: Strong Sell

Current Market Cap: €74.87M

See more data about HIK stock on TipRanks’ Stock Analysis page.