Tecnicas Reunidas Sa Ord (TNISF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, good morning, everyone, and welcome to TR's full year 2025 results presentation. It's going to be conducted, as usual, by our chairman, Juan Yadó, and our CEO, Eduardo San Miguel. It will last approximately 25 minutes, and you will be able to pose your questions after our chairman's final remarks. I now leave the floor to our chairman, Juan Yadó. Hi, hello everyone. As usual, as Antonio has said, Eduardo San Miguel and I will guide you through these most relevant points that we're going to be covering in the presentation today. I will first walk you through the main financial and commercial milestones that we have achieved by this 2025 year. And all of this will be very much enhanced by Eduardo with much further detail and color. Eduardo also will continue with the financial section of the presentation. And finally, I will conclude with some financial remarks. Thank you. This is different than other presentations. Let's start, which I think is a real highlight, with the financial performance of TR. Financial performance in 2025, which has been extremely solid and has definitely exceeded all initial expectations from the very beginning of the year. As shown in this slide, 2025 sales reached 6.5 million euros. representing 45% increase compared with the 2024, and therefore exceeding the guidance set for the year. If we move to the EBIT level, 2025 reached 291 million euros, which is 61% above 2024. which results in an EBIT margin of 4.5%, very much complying with the guidance established for the year. Nevertheless, that's important to note as well, we gain, in nominal terms, 57 million euros above our initial goal, which is due to the sales increase. And finally, net profit amounted to 156 million euros reflecting an increase of 75% compared to the previous year. A...