Prosegur Cash, S.A. Earnings Recaps
Q1 2026
May 5, 2026
Shares dipped 0.5% following Q1 results as currency headwinds and ongoing macroeconomic challenges offset solid organic growth and stable margins, leaving investors cautious despite modest profit gains.
Key takeaways
- Revenue declined 3.7% year-on-year to EUR 497 million due to a significant negative foreign exchange impact of 6.6%, partially offset by 3.2% organic growth.
- EBITDA margin held steady at 17.3%, down only 10 basis points from Q1 2025, reflecting effective cost control amid inflationary pressures.
- Net profit increased 8.1% to EUR 26 million, driven by improved financial results and a lower tax rate (down 300 bps to 42%).
- Transformation initiatives remain on track, with related products growing 6.2% and now representing 36.4% of sales, supporting long-term strategy.
- Management flagged geopolitical uncertainties and rising fuel costs; fuel price inflation is being passed on to customers with limited near-term margin impact.
Q3 2025
Oct 31, 2025
Prosegur Cash delivered strong underlying performance in Q3 2025, with organic growth of nearly 7% and a resilient net income improvement, despite negative currency impacts and a reported revenue decline.
Key takeaways
- Revenue declined by 2.3% in euro terms; however, organic growth was robust at nearly 7%, led by over 20% growth in Asia Pacific.
- EBITDA margin remained stable at 11%, with pro forma EBITDA margin reported at 11.8%, reflecting effective cost management amidst currency headwinds.
- Net income increased by 1.6% year-over-year, highlighting strong operational resilience and effective financial discipline.
- Free cash flow totaled EUR 76 million, driving a net debt reduction of over EUR 60 million and maintaining a healthy 2.3x net debt-to-EBITDA ratio.
- Launched Prosegur Digital Gold, offering customers a tokenized gold investment option at a 25% more efficient price compared to physical gold.