Cabka 2025 net loss narrows, supported by cost reductions

Cabka NV

05/03/2026 07:03

Overview

Recycling plastics firm's 2025 revenue fell 1% yr/yr to €180 mln

Operational EBITDA rose 3% to €21.1 mln, reflecting improved efficiency

Company improved net loss to €-7.4 mln, supported by cost reductions

Outlook

Cabka expects 2026 revenue growth and higher EBITDA margin compared to 2025

Cabka targets €215 mln revenue by 2028, €300 mln by 2030

Cabka aims for EBITDA margin of 13-15% by 2028

Result Drivers

GROSS MARGIN IMPROVEMENT - Gross margin increased to 51.3% due to improved product mix, operational efficiency, and centralized purchasing

SHIFT PROGRAM - Net loss improved due to the SHIFT plan, which reduced personnel and operational expenses by €3 mln

CONTRACT MANUFACTURING GROWTH - European Contract Manufacturing rebounded with 31% growth, driven by renewed customer engagement

Company press release: ID:nGNE3mRvGv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
-EUR 7.40 mln
FY Adjusted EBITDA
EUR 21.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

Wall Street's median 12-month price target for Cabka NV is €3.20, about 114% above its March 4 closing price of €1.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)