Aliaxis publishes 2025 full year results

Aliaxis delivers full-year 2025 results marked by a focus on cash generation and net debt reduction

Aliaxis, a global leader in fluid and energy management systems, announced its financial results today for the full year ended 31 December 2025.  Despite performance being impacted by significantly softer global end-market demand, Aliaxis delivered positive cashflow as a result of a strong focus on structural fixed cost reduction and continued financial discipline.

Highlights – 12-month Period Ended December 31, 2025

• Revenue of €3.5 billion, a like-for-like¹ decrease of 6.8%
• Recurring EBITDA (REBITDA) of €364 million, a decrease of 30.8% on a like-for-like¹ basis vs the previous year, predominantly driven by sharp declines in the North American, particularly the U.S. market. REBITDA was also negatively impacted by one-off as well as temporary business-related events (~€51 million)
• REBITDA margin of 10.3%, a decrease of 3.8 pp vs 2024
• Recurring net profit of €50 million, down 79.2%, excluding €118 million of exceptional items. Net reported loss amounts to €68 million
• Net financial debt of €919 million, a decrease of €50 million vs the previous year; leverage of 2.5x REBITDA
• Portfolio refinement: strategic divestments of real estate and idle assets in Lenham (United Kingdom) and Queretaro (Mexico), sale of Marley Germany business (Germany), exit of Chilean market, and closure of exploratory research facility in Elancourt (France)
• Proposed dividend of €0.473 gross per share, a 50% decrease compared to prior year

Managing Director, Thierry Vanlancker, comments on the full-year financial results:

“Softer market conditions and lower volumes were a common thread across Aliaxis end markets.  The U.S. market was especially weak, which had a significant impact on the Group’s performance. This drove down what were otherwise solid results given the softer macro-economic conditions. In the face of these market headwinds, I have been impressed by the reactivity of our teams, who have acted swiftly to fix our structural cost and asset base and protect our balance sheet. In regions such as EMEA and Latin America, where these measures gained traction more quickly, the improvements are already evident in the underlying performance that exceeded market expectations. While pressure is likely to continue, we are committed to the sustainable transformation of the Group and to ensuring long-term resilience through our Horizon 2030 Strategy launched last year. I am confident that we are on track to best position Aliaxis for the market recovery.”