Core Insights - EXEL Industries reported a revenue of €983 million for the fiscal year 2024-2025, a decrease of 10.6% compared to the previous year, with a 9.6% reduction at constant scope and foreign exchange rates [3][4] - The Group's recurring EBITDA fell to €67.6 million, representing a margin of 6.9%, primarily due to significant volume reductions in Agricultural Spraying and Sugar Beet Harvesting activities [3][5] - Net income decreased to €16.3 million, impacted by lower current operating income resulting from reduced agricultural activity volumes [3][6] Financial Performance - Revenue breakdown showed a decline in Agricultural Spraying by 19.9% to €403.3 million and Sugar Beet Harvesting by 12.9% to €148.1 million, while Leisure and Industry segments saw slight increases [4][5] - Recurring EBITDA decreased from €87.4 million (7.9% of revenue) in 2023-2024 to €67.6 million (6.9% of revenue) in 2024-2025 [5] - Net financial debt was reduced by approximately €30 million, from €127.8 million in 2024 to €98.3 million in 2025, due to improved cash generation [7] Investment and Future Outlook - The Group maintained a dynamic investment policy, with total CAPEX of €32.6 million, including €20 million for modernizing industrial sites [8] - A dividend of €0.60 per share, representing 25% of consolidated net income, is proposed for approval at the General Meeting on February 4, 2026 [10] - The business climate remains challenging, particularly in Agricultural Spraying and Sugar Beet Harvesting, with expectations of continued slowdown in the early part of the 2025-2026 fiscal year [13][14] Management Commentary - The CEO highlighted the resilience of EXEL Industries' model, emphasizing the ability to adapt to a less buoyant market while maintaining financial discipline and reducing net debt [15]