WORLDLINE : FY2025 results : Press release

Core Insights - Worldline's FY 2025 results indicate a significant operational turnaround, with a reaffirmation of the 2026 outlook aligned with the North Star 2030 trajectory [5][6][12] Financial Performance - FY 2025 revenue reached €4.03 billion, a 2.7% decline compared to 2024 [16] - Adjusted EBITDA for FY 2025 was €737 million, representing an 18.3% margin [19] - Free cash flow was reported at -€26 million, reflecting ongoing transformation costs [22] - The net result for the group was -€5.157 billion, primarily due to €4.647 billion in goodwill impairments [20] Operational Developments - The company has seen improved churn rates and order intake across all geographies, particularly in financial services during Q4 2025 [7][8] - The pruning program is nearing completion, with significant divestments including the Indian payments business [10][11] - A streamlined operating model has been implemented, focusing on European leadership in payment services [11] Strategic Initiatives - The North Star 2030 transformation plan aims to deliver an additional €210 million in recurring adjusted EBITDA by 2030 [12] - Key achievements include the decommissioning of four legacy platforms and the successful rollout of new products like Android SmartPOS and Tap on Mobile [13][14] 2026 Outlook - The 2026 outlook anticipates low single-digit organic revenue growth, stable adjusted EBITDA between €630 million and €650 million, and free cash flow of -€80 million to -€70 million [4][38] - The company expects to strengthen its balance sheet significantly through divestments and a planned €500 million capital increase [30][27] Market Position - Worldline is positioning itself as a leading European operator of critical payments infrastructure, with a focus on customer excellence and innovation [6][11] - The company has established partnerships in the hospitality sector and is expanding its service offerings to support merchants in agentic commerce [9][26]