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Cumulative Results for the 2025 Financial Year23 April 2026 Vista Alegre grows sales to 144 million euros in 2025 Highlights
Consolidated turnover of 144.3 million euros, reflecting
5.5% growth compared to 2024;- EBITDA of 27.7 million euros, representing an increase of 1%;
- Net profit of 4.7 million euros, an increase of 4% compared to 2024;
- Reduction of 5.7 million euros in consolidated net debt, strengthening the financial robustness of Grupo Vista Alegre;
In 2025, Grupo Vista Alegre reinforced its growth trajectory, reaching a consolidated turnover of 144.3 million euros, representing a 5.5% year-on-year increase, equivalent to an additional 7.5 million euros.
By segment, the Stoneware business stood out, recording strong sales growth of 11.4% to reach turnover of 62.9 million euros. The Porcelain and Earthenware segments also showed positive performance, with increases of 4.9% and 3.4%, respectively. Conversely, the Crystal and Glass segment saw a reduction in sales of 1.8 million euros, mainly due to contraction in the international premium beverages market.
International markets played a decisive role in the Grupo's performance,
accounting for 71% of total turnover and achieving 8,3% growth in 2025.
Segments | 12M 2025 | 12M 2024 | △ | 25 | 24 |
Porcelain and related products | 48.3 | 46.0 | 4.9% | |
Earthenware | 20.0 | 19.4 | 3.4% | |
Stoneware | 62.9 | 56.4 | 11.4% | |
Crystal and Glass | 13.1 | 14.9 | -12.3% | |
Total | 144.3 | 136.8 | 5.5% | |
In 2025, Grupo Vista Alegre achieved EBITDA of 27.7 million euros, representing growth of 1% compared to the previous year and an EBITDA margin of 19.2%. Considering the negative impact resulting from increased gas and electricity costs, this performance is a strong indicator of the resilience of the Grupo's business model.
Net profit reached 4.7 million euros, exceeding the result recorded in 2024 and corresponding to 4% annual growth.
12M 2025 | 12M 2024 | △ 25 | 24 Amount % | ||
Turnover | 144,3 | 136,8 | 7,5 5,5% | |
EBITDA | 27,7 | 27,4 | 0,3 1,0% | |
EBITDA Margin | 19,2% | 20,0% | ||
Operating income | 12,2 | 12,9 | -0,6 -5,0% | |
Operating margin | 8,5% | 9,4% | ||
Result before taxes | 5,7 | 6,4 | -0,7 -11,3% | |
Income tax | -1,0 | -1,9 | 0,9 | |
Net income | 4,7 | 4,5 | 0,2 4,4% |
In 2025, consolidated net debt decreased by 5.3 million euros compared to December 2024.
During the year under review, the net debt-to-EBITDA ratio also declined, standing at 2.4x as of December 2025.
M € | 31-12-2025 | 31-12-2024 | △ 25 | 24 -1.2 -1.5 |
Loans obtained Lease liabilities | 76.6 9.5 | 77.8 11.0 | |
Consolidated debt | 86.1 | 88.8 | -2.8 |
Cash and cash equivalents | -17.1 | -17.1 | 0.0 |
Consolidated net debt | 69.0 | 71.8 | -2.8 |
Non-reimbursable incentives receivable | -2.5 | 0.0 | -2.5 |
Consolidated net debt after grants receivable | 66.4 | 71.8 | -5.3 |
EBITDA LTM | 27.7 | 27.4 | 0.3 |
Net debt / EBITDA LTM | 2.4x | 2.6x | -0.2x |
Headings
T €
31/12/2025 31/12/2024
Sales and services provided | 144,315 | 136,767 |
Cost of goods sold and material consumed | -45,722 | -40,845 |
Production variation | 917 | 2,795 |
Own work capitalised | 424 | 941 |
Other profit and operating income | 5,949 | 3,731 |
External supplies and services | -25,337 | -23,771 |
Staff costs | -51,794 | -51,243 |
Other operating expenses and losses | -1,065 | -971 |
Amortisation and depreciation | -15,362 | -14,726 |
Impairment of depreciable tangible fixed assets | 178 | 84 |
Impairment of accounts receivable | -298 | 90 |
Interest and similar expenses incurred | -7,060 | -7,668 |
Interest and similar income obtained | 567 | 1,251 |
Result before taxes | 5,711 | 6,436 |
Income tax | -981 | -1,905 |
Consolidated income for the financial year | 4,730 | 4,531 |
V I S TA A L E G R E
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VAA - VISTA ALEGRE ATLANTIS SGPS, S.A.
Investor Relations Ricardo Reis
ricardo.re is@vistaalegre.com
vistaalegre.com