Executive Chairman Fulvio Montipò:
"Interpump confirms its extraordinary capacity for resilience and solidity. Diversification represents a fundamental element of protection and stability, thanks to which the Group has achieved its 2025 targets and recorded its record cash generation. Interpump aims to repeat this result in 2026, strengthened by the confirmation of the levels of excellence in terms of margins despite a global context of persistent uncertainty that prudently leads to an organic change in turnover of between +3% and -2% depending on the confirmation of current trends or any worsening. In the medium term, the significant expected cash flows will be directed primarily to external business development to strengthen diversification and accelerate overall growth to reach a turnover of € 2,500 million in 2028"DATA FOR Q4 2025
PRELIMINARY DATA FOR FY 2025
and an EBITDA margin of 22.3% compared with 22% in the prior year
Consolidated net profit: € 209.7 million, -8.2% compared with 2024 Net financial position: € 291.1 million compared with € 409.0 million at 31 December 2025In the period: net investment of € 98.8 million, FCF of € 220.4 million,
acquisitions of € 52.4 million, dividends of € 36.2 million, and net buy-backs of € 11.8 million.INTERPUMP GROUP S.p. A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.+39.0522.904311
FAX. +39.0522.904444 - E-mail info@interpumpgroup.it
SHARE CAPITAL € 56,617,232.88 fully paid-up. - R.E. BUSINESS REGISTER - TAX CODE 11666900151 - CHAMBER OF COMMERCE ADMINISTRATIVE AND ECONOMIC INDEX (R. E. A.) No. 204185
FORECAST FOR THREE-YEAR PERIOD 2026-2028
through a combination of organic growth and grafts of new companies.
EBITDA margin: maintenance of around 22.5%,despite the dilution expected from the consolidation of newly acquired companies;
NFP: the reduction to zero of the consolidated Net Financial Position at the end of 2028, thanks to the achievement of significant cash flows.This strong position will allow the Group to evaluate more ambitious acquisition opportunities, including proportionately.
Sant'Ilario d'Enza (RE), 13 February 2026 - The Board of Directors of Interpump Group S.p.A., meeting today under the chairmanship of Fulvio Montipò, approved the Interim Report on Operations at 31 December 2025, the consolidated results of the Group for Q4 2025, and the preliminary data for FY2025.2
CONSOLIDATED RESULTS FOR Q4 2025Revenues
Net sales in Q4 2025 amounted to € 494.6 million, up 1.0% compared to € 489.9 million in the
corresponding period of the prior year; at constant perimeter3, there was a slight decrease of 1.1%
1Change comprising both organic growth and the effect of any acquisitions (starting point: sales of € 2,070.7m in
2025)
2The economic-financial data presented in this communication has been rounded to the first decimal place.
3With respect to the results for the corresponding period in the prior year, the changes in reporting perimeter principally refer to 5 acquisitions, 1 made in 2024 and 4 this year, all relating to the Hydraulics division. The acquisition relating to 2024 is Hidrover Equip Hidraulicos Ltda consolidated since December while those relating to 2025 are Padoan (consolidated from July), Tutto Hydraulicos and Borghi Assali (consolidated from November) and finally Farma (consolidated from December only at the equity level).
on an organic basis4, while an increase of 2.5% was recorded in the growth of the Hydraulics division of 4.8% and a slight decrease of 1.8% in the Water Jetting division.
Turnover by business sector and geographical area was as follows:
(€/000) | Italy | Rest of Europe | North America | Far-East and Pacific Area | Rest of the World | Total |
Q4 2025 | ||||||
Hydraulics | 58,676 | 119,220 | 79,302 | 32,181 | 40,065 | 329,444 |
Water Jetting | 18,037 | 65,756 | 43,024 | 22,032 | 16,261 | 165,110 |
Total | 76,713 | 184,976 | 122,326 | 54,213 | 56,326 | 494,554 |
Q4 2024 | ||||||
Hydraulics | 54,127 | 113,409 | 80,973 | 32,380 | 35,582 | 316,471 |
Water Jetting | 21,916 | 56,859 | 42,348 | 32,009 | 20,287 | 173,419 |
Total | 76,043 | 170,268 | 123,321 | 64,389 | 55,869 | 489,890 |
2025/2024 percentage changes | ||||||
Hydraulics | +8.4% | +5.1% | -2.1% | -0.6% | +12.6% | +4.1% |
Water Jetting | -17.7% | +15.6% | +1.6% | -31.2% | -19.8% | -4.8% |
Total | +0.9% | +8.6% | -0.8% | -15.8% | +0.8% | +1.0% |
The percentage changes 2025 on 2024 at a comparable scope of consolidation are as follows:
(€/000) | Italy | Rest of Europe | North America | Far-East and Pacific Area | Rest of the World | Total |
Hydraulics | +7.5% | +1.7% | -2.7% | -0.9% | -0.2% | +1.1% |
Water Jetting | -17.7% | +15.0% | +1.7% | -31.3% | -19.9% | -5.0% |
Total | +0.3% | +6.2% | -1.2% | -16.0% | -7.4% | -1.1% |
The organic growth figure of 2.5% represents not only the third consecutive quarter of growth and above all confirms the recovery trend started and then consolidated in the second and third quarters characterized by growth of 1.0% and 2.3% respectively. This result confirms the value of the Group's diversification.
4At constant perimeter and exchange rates.
Profitability
EBITDA totaled € 97.7 million in Q4 2025, an increase of 4.9% from € 93.1 million in the corresponding period of 2024 and an impact on sales of 19.8% compared with 19.0%. In the Hydraulics division, the increase in turnover was reflected in an improvement in profitability and in the Water Jetting division the margin remained constant at 25.7% despite the decrease in sales. The newly acquired companies had no dilutive impacts.
The following table sets out EBITDA by business sector:
Q4 2025 €/000 | % on total revenues5 | Q4 2024 €/000 | % on total revenues5 | Increase/ Decrease | |
Hydraulics | 54,984 | 16.7% | 48,354 | 15.2% | 13.7% |
Water Jetting | 42,722 | 25.7% | 44,759 | 25.7% | -4.6% |
Total | 97,706 | 19.8% | 93,113 | 19.0% | +4.9% |
Financial expenses amounted to € 10.4 million during the quarter, compared with net financial income of € 1.9 million in the last quarter of 2024. The result reflects a reduction in foreign exchange gains and, above all, a negative balance between financial income and expenses related to the adjustment of the estimated debt for the commitment to purchase the remaining shares of subsidiaries. The improvement compared to the prior year in the results of some subsidiaries to which the Group has purchase commitments has in fact led to a redetermination of the possible purchase debt and therefore of the related financial interests.
Income taxes increased from € 14.0 million to € 18.6 million.
Consolidated net profit for the period was € 37.4 million, an increase of 22.2% from € 48.1 million in Q4 2024 due to the phenomena mentioned above: accordingly, basic earnings per share have decreased to € 0.346 from € 0.447.5 Total revenues include those relating to other Group companies in the other sector, while the revenues analyzed previously are those external to the Group (see Note 2 in the Explanatory Notes to the Interim Report on Operations). Accordingly, for consistency, the percentage is calculated on total revenues rather than on those reported previously.
PRELIMINARY RESULTS FOR FY 2025Revenues
Net sales for 2025 amounted to € 2,070.6 million, substantially in line (-0.4%) with the € 2,078.4 million of the prior year (at constant perimeter6, there was a decrease of 2.7%, which reduced to 0.7% on an organic basis).
Turnover by business sector and geographical area was as follows:
(€/000) | Italy | Rest of Europe | North America | Far-East and Pacific Area | Rest of the World | Total |
2025 | ||||||
Hydraulics | 243,735 | 482,608 | 330,580 | 134,723 | 163,307 | 1,354,953 |
Water Jetting | 78,864 | 245,745 | 188,775 | 136,289 | 66,058 | 715,731 |
Total | 322,599 | 728,353 | 519,355 | 271,012 | 229,365 | 2,070,684 |
2024 | ||||||
Hydraulics | 241,247 | 488,258 | 388,496 | 146,907 | 142,586 | 1,407,494 |
Water Jetting | 69,206 | 231,800 | 187,580 | 114,402 | 67,917 | 670,905 |
Total | 310,453 | 720,058 | 576,076 | 261,309 | 210,503 | 2,078,399 |
2025/2024 percentage changes | ||||||
Hydraulics | 1.0% | -1.2% | -14.9% | -8.3% | +14.5% | -3.7% |
Water Jetting | +14.0% | +6.0% | +0.6% | +19.1% | -2.7% | +6.7% |
Total | +3.9% | +1.2% | -9.8% | +3.7% | +9.0% | -0.4% |
The percentage changes 2025 on 2024 at a comparable scope of consolidation are as follows:
(€/000) | Italy | Rest of Europe | North America | Far-East and Pacific Area | Rest of the World | Total |
Hydraulics | +0.1% | -2.6% | -15.1% | -8.5% | -1.9% | -6.1% |
6With respect to the results for the prior financial year, the changes in reporting perimeter refer mainly to 10 acquisitions made, 6 made in 2024 and 4 in 2025. The acquisitions relating to 2024 were PP China Co., Ltd., YRP Shanghai Flow Technology Co., Ltd., Alltube Engineering Ltd., Alfa Valvole S.r.l., H.S. S.r.l. e Hidrover Equip Hidraulicos Ltda: the first two and the fourth have been consolidated by the Water Jetting division since April and June respectively, while the second, second last and last have been consolidated by the Hydraulics division since May, July and December respectively. The acquisitions relating to 2025, all relating to the Hydraulics division, are Padoan
S.r.l. (consolidated from July), Tutto Hydraulicos Ltd and Borghi Assali Srl (consolidated from November) and finally Farma Srl (consolidated from December only at the equity level).