WINFARM reports a strong improvement in its 2025 full-year results.

Core Insights - WINFARM reported a strong improvement in its 2025 full-year results, with significant growth in revenue and EBITDA, indicating a positive trajectory for the company [1][4][11] Financial Performance - The consolidated revenue for 2025 reached €146.5 million, marking a 6.1% increase from €138.0 million in 2024 [3][4] - The gross margin improved to 34.4% of revenue, up from 33.5% in 2024, reflecting effective pricing strategies [3][11] - EBITDA surged to €5.3 million, a 3.9 times increase compared to €1.4 million in 2024, with the EBITDA margin rising by 2.6 percentage points to 3.6% [3][13] - The net loss for 2025 decreased to €0.8 million from €3.7 million in 2024, indicating a recovery in financial performance [3][14] Business Segments - The Farming Supplies segment, which constitutes 86% of total revenue, generated €127.2 million, a 4.5% increase, driven by strong sales in the "Hygiene" and "Animal Nutrition" product families [5][4] - The Farming Production segment saw a revenue increase of 19% to €16.6 million, with Asia contributing nearly 40% of this revenue and experiencing a growth rate of 47.3% compared to 2024 [9] - Other activities, including Farming Advisory and Farming Innovation, also reported growth, supported by new sales initiatives [10] Cash Flow and Debt Management - The company generated cash flow of €1.4 million in 2025, a significant turnaround from a negative cash flow of €5.4 million in 2024 [6][17] - WINFARM reduced its net financial debt by €7 million, bringing it down to €29.2 million by the end of 2025 [17] Strategic Outlook - For 2026, WINFARM plans to continue its sales initiatives, particularly focusing on the 30th anniversary of the VITAL brand, which has shown strong growth in key markets [18] - The company aims to maintain operational and financial discipline, which is expected to lead to further increases in EBITDA and continued debt reduction [19]