Slide 1: Kendrion reports solid Q3 2025 performance with strong EBITDA growth
K E N D R I O N N . V . P R E S S R E L E A S E 1 1 N o v e m b e r 2 0 2 5 Kendrion reports solid Q3 2025 performance with strong EBITDA growth; completes transformation to pure-play industrial company • Q3 2025 revenue increased by 2% to EUR 60.6 million (Q3 2024: EUR 59.7 million like-for- like)
Slide 2: CEO message and progress on strategy
Joep van Beurden, Kendrion CEO: “In the third quarter of 2025, we delivered solid results, achieving revenue of EUR 60.6 million, a 2% increase compared to Q3 2024, and EBITDA of EUR 9.4 million, up 24% year-on-year. The EBITDA margin improved significantly to 15.5%, reflecting strong operational di
Slide 3: Financial review
Although global economic conditions remain uncertain due to geopolitical factors, Kendrion remains confident in the long-term growth prospects of its industrial business. Its solutions are essential enablers of global electrification and the ongoing transition toward sustainable energy. Financial re
Slide 4: Annex 1 – Consolidated statement of comprehensive income
Depreciation charges of EUR 9.6 million were in line with YTD 2024, leading to a normalized EBITA of EUR 18.8 million (YTD 2024: EUR 18.1 million), and a normalized EBITA margin of 10.2% (YTD 2024: 9.5%). Amortization charges on intangibles arising from acquisitions were EUR 1.7 million, down from E
Slide 5: Outlook
Outlook With the impact of higher U.S. tariffs, persistent policy uncertainty, and shifting supply chain dynamics, economic activity in Q3 2025 remained similar to earlier this year. Kendrion expects economic activity in Europe to remain subdued. However, despite continued low economic growth, the c
Slide 6: Annex 1 – Consolidated statement of comprehensive income
Annex 1 – Consolidated statement of comprehensive income (EUR million) Q3 Q3 period ended period ended full year 2025 2024 2025 2024 2024 Revenue 60.6 59.7 184.0 190.5 247.5 Other income 0.6 0.0 2.9 0.1 1.7 Total revenue and other income 61.2 59.7 186.9 190.6 249.2 Changes in inventories of finished
Slide 7: Annex 2 – Consolidated statement of financial position
Annex 2 – Consolidated statement of financial position (EUR million) 30 Sept. 30 Sept. 31 Dec. 2025 2024 2024 Assets Non-current assets Property, plant and equipment 51.8 94.0 96.0 Intangible assets 103.4 112.7 112.8 Other investments, including derivatives 3.2 3.8 3.9 Deferred tax assets 12.3 20.4
Slide 8: Annex 3 – Financial calendar 2026
Annex 3 – Financial calendar 2026 Publication Q4 and FY 2025 results Friday, 27 February 2026 07.30 a.m. Analysts' call Friday, 27 February 2026 11.00 a.m. Publication Annual Integrated Report 2025 Friday, 27 February 2026 03.00 p.m. Annual General Meeting of Shareholders Monday, 13 April 2026 02.00