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Prosegur Cash: Prosegur Cash's Q4 2025 Earnings: A Resilient Performance

Prosegur Cash reported revenue of EUR 1,987 million, with organic growth reaching 5.3%, and inorganic growth at almost 1%. However, foreign exchange had a negative impact of 11.1%, resulting in a reported revenue decline. The company's EBITDA margin remained stable at 12%, with EBITDA totaling EUR 356 million. Net profit increased by 3.3% to EUR 94 million, beating expectations. Earnings per share (EPS) came in at EUR 0.0175, slightly below the estimated EUR 0.02. The company's financial performance was resilient, despite the challenging currency environment.

CASH.MC

EUR 0.608

-1.46%

A-Score: 6.2/10

Publication date: February 27, 2026

Full Report

Author: Analystock.ai

📋 Highlights
  • Organic Revenue Growth: EUR 1,987 million revenue with 5.3% organic growth, despite 11.1% negative forex impact.
  • EBITDA Margin Stability: Maintained 12% EBITDA margin (EUR 356 million) despite currency headwinds and 5% EBIT decline.
  • Asia-Pacific Surge: 26.4% YoY revenue growth (EUR 180 million) driven by 21.7% organic expansion in the region.
  • Sustainability Milestone: 8.4% carbon footprint reduction vs. 2023, exceeding 1.7% annual target.
  • LatAm Resilience: 5.4% organic growth in Latin America offset by 11.5% revenue decline due to 17% adverse currency effects.

Regional Performance

The company's regional performance was mixed, with Latin America experiencing a decline in revenue due to a 17% adverse currency effect, although underlying organic growth was 5.4%. Europe reported a 1.4% increase in revenue, driven by a 1.5% organic growth, which is expected to continue into 2026. Asia Pacific showed significant growth, with sales increasing by 26.4% year-on-year, driven by a 21.7% organic growth. As Miguel noted, "In Latin America, underlying organic growth has been 5.4%, which reflects a positive evolution overall in the region, save Argentina."

Transformation Efforts

The company's transformation efforts are yielding positive results, with revenue from transformation solutions reaching EUR 700 million, a 4.1% increase. The penetration of total sales now stands at 35.2%, an increase of 300 basis points year-on-year. This highlights the company's ability to adapt to changing market conditions and its commitment to innovation.

Valuation and Outlook

Prosegur Cash's valuation metrics appear reasonable, with a P/E ratio of 9.97 and an EV/EBITDA ratio of 2.36. The company's dividend yield stands at 5.62%, providing a relatively attractive return for investors. Looking ahead, the company expects mid-single-digit EBITDA growth globally, driven by improvements in Latin America, Europe, and Asia. With a net debt/EBITDA ratio of 1.17, the company's leverage is manageable, and its commitment to deleveraging is evident. Analysts estimate revenue growth at 3.9% for the next year, which is slightly below the company's expected growth rate.

Prosegur Cash's A-Score