Core Viewpoint - FLSmidth & Co. A/S announces preliminary and unaudited financial results for the full year 2025, exceeding previous expectations, and introduces financial guidance for 2026 focusing on organic revenue growth and Adjusted EBITA margin [1][5]. Financial Results for FY 2025 - Preliminary financial figures for FY 2025 show consolidated revenue of DKK 14.6 billion, with an Adjusted EBITA margin of 15.9%, surpassing the previous guidance of 15.0% to 15.5% [5]. - Order intake for FY 2025 reached DKK 15.0 billion, with organic revenue growth at -1% [2]. - The company recognized an impairment of deferred tax assets in Denmark amounting to approximately DKK 600 million in Q4 2025 [2]. Financial Guidance for FY 2026 - FLSmidth expects organic revenue growth to range from -1% to 4% for FY 2026, with an Adjusted EBITA margin projected between 15.5% and 16.5% [7][6]. - The guidance reflects expectations of stable market conditions and customer investment levels in the mining industry, with no significant regulatory changes anticipated [8]. Business Segment Performance - The Service business is expected to achieve organic revenue growth of 2% to 5%, driven by demand for productivity-enhancing solutions [10]. - The Products business anticipates a decline in organic revenue growth of -15% to -5% due to a reduced order backlog and low investment activity [10]. - The Pumps, Cyclones & Valves (PC&V) segment is projected to grow organically by 4% to 7%, supported by robust market conditions [10]. Upcoming Reports - The full annual report for 2025 is scheduled for publication on 18 February 2026 [9].

Core Insights - FLSmidth's Q1 2025 results exceeded expectations, leading to an upgraded financial guidance due to strong commercial performance and effective backlog management [2][15] Financial Performance - Group revenue decreased by 2% year-over-year to DKK 4,729 million, with service revenue increasing by 11% while products revenue decreased by 26% [12][23] - Mining revenue increased by 4% compared to Q1 2024, with service revenue rising by 14% driven by consumables and effective backlog management [10][23] - Cement revenue decreased by 15% compared to Q1 2024, with products revenue down by 37% due to portfolio pruning and divestments [11][23] - Adjusted EBITA margin for the group improved to 13.9% from 9.2% in Q1 2024, reflecting operational efficiency [12][23] Order Intake - Group order intake decreased by 12% compared to Q1 2024, with service order intake down by 4% and products order intake down by 27% [9][23] - Mining order intake decreased by 10%, while cement order intake fell by 18% [5][8][23] Business Segments - Mining Service revenue grew by 14%, with an Adjusted EBITA margin of 15.1% [6][10] - Cement business continues to face challenges, with an Adjusted EBITA margin of 9.5% and ongoing negotiations for potential divestment [6][14] Strategic Initiatives - The company is in exclusive negotiations for the potential sale of its Cement business to Pacific Avenue Capital Partners [2][14] - Continued focus on sustainability targets and operational efficiency is evident, with a commitment to reducing emissions by 2030 [24]