Record-high EBITDA margin
EBITDA margin reached a historic maximum of 13.7% of sales, reflecting improved profitability after simplification and divestment of low-margin activities.
Organic growth in recurring businesses
Recurrent segments delivered solid organic growth: Global Dominion Environment (GDE) organic sales +5.9% (turnover EUR 472M) and GDT Services organic sales +5.8% (turnover EUR 460M). Overall organic sales growth was 4% on group revenues of EUR 1,045M.
Significant reduction in net financial debt and leverage
Net financial debt reduced to ~EUR 136.6–137M (25% lower vs Dec 2024 and ~34% lower vs June 2025), delivering a leverage ratio of ~0.9x EBITDA.
Improved operating cash flow and balance-sheet proceeds
Operating cash flow generation was EUR 71.7M (about +5.4% vs comparable 2024 figure). The company also collected ~EUR 70.3M from divestment of wind farms in the Dominican Republic, supporting deleveraging.
Attributable profit excluding one-offs higher YoY
Reported attributable net profit was EUR 10.2M including a one-off; excluding the EUR 18.5M extraordinary correction the attributable net profit would be EUR 28.7M, ~10% higher than 2024 on a recurrent basis.
Strong contribution margins in key segments
GDT Projects delivered a high contribution margin (28.5% of sales) and GDT Services contribution margin was 19.7% of sales. GDT Services accounts for 53% of company contribution margin; GDE contributes 28%.
Active strategic repositioning and M&A pipeline
Strategic simplification advanced: divestments (PV in Dominican Republic, activities in France) improved balance sheet. The company executed acquisitions (Ecogestion de Residuos, UREC, German ZCR) and is building an active acquisition and greenfield pipeline (Tarragona, Fujairah, UAE).
Shareholder-friendly actions
Board intends to propose a higher-than-policy dividend of EUR 8M for 2026 (about 50% of net profit of continued activities), and main shareholders increased their stake after Mahindra's 4.16% exit, signaling management alignment with shareholders.