Vincorion (V1NC) H2 2025 earnings summary

Executive summary

• Consolidated revenue rose to €240.3m in 2025, up 18% year-over-year, driven by strong demand in Vehicle and Power Systems segments.

• EBIT increased to €33.7m from €20.6m, and net income more than doubled to €19.3m.

• Comprehensive income reached €21.7m, reflecting improved operating performance and positive other comprehensive income.

• The group maintained a robust financial position, with equity increasing to €67.5m.

Financial highlights

• Revenue: €240.3m (2025) vs €204.0m (2024), up 18%.

• Gross profit: €58.5m (2025) vs €50.3m (2024), up 16%.

• EBIT: €33.7m (2025) vs €20.6m (2024), up 64%.

• Net income: €19.3m (2025) vs €8.4m (2024), up 130%.

• Operating cash flow: €38.1m (2025) vs €19.2m (2024).

• Cash and cash equivalents: €18.3m at year-end, up from €8.4m.

Outlook and guidance

• Management expects continued growth, supported by strong order intake and recurring aftermarket sales.

• The group is well-positioned in defense and aviation markets, with long-term customer relationships and high share of recurring revenue.