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Exel Composites (EXL1V) investor relations material
Exel Composites Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 order intake surged 173.2% year-over-year to EUR 78.7 million, capping a year of record orders and improved profitability, with full-year order intake at EUR 168.6 million and year-end backlog at EUR 98.7 million.
Revenue for Q4 increased 15.7% year-over-year to EUR 29.0 million; full-year revenue rose to EUR 103.2 million.
Adjusted operating profit for Q4 was EUR 0.9 million (up from EUR 0.2 million), and for the full year EUR 3.6 million (up from EUR 1.7 million); unadjusted operating profit for the year was EUR 2.2 million, turning positive from a prior loss.
Execution readiness improved with 24/7 operations ramp-up and expansion in India, enhancing global supply capabilities.
No dividend proposed for 2025, with capital allocated to business growth and investments.
Financial highlights
Q4 order intake nearly tripled year-over-year to EUR 78.7 million; full-year order intake up over 60% to EUR 168.6 million.
Q4 revenue increased 15.7% year-over-year to EUR 29.0 million; full-year revenue: EUR 103.2 million (+3.6% YoY).
Adjusted operating profit margin for 2025: 3.5% (from 1.7%).
Year-end order backlog reached EUR 98.7 million, up 189% year-over-year.
Net cash flow from operating activities: EUR -1.0 million for 2025.
Outlook and guidance
Revenue and adjusted operating profit are expected to increase significantly in 2026, with stronger performance in the second half due to timing of order backlog conversion and customer project schedules.
No dividend proposed for 2025, with capital allocated to business growth and investments.
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