France's Rubis 2025 revenue misses estimates hurt by currency headwinds

Rubis SCA

12/03/2026 06:48

Overview

France energy distributor's 2025 revenue fell 2% and missed analyst expectations

Adjusted EPS rose 19% yr/yr, driven by strong operating performance

Company proposed a 2% dividend increase for 2025

Outlook

Rubis targets 2026 Group EBITDA of €740 mln to €790 mln at constant EUR/USD rate

Company expects Caribbean region to sustain strong momentum in 2026, with robust growth in Jamaica, Guyana and Barbados

Increased development costs in Renewable Electricity Production expected to weigh on 2026 EBITDA

Result Drivers

ENERGY DISTRIBUTION GROWTH - Higher volumes and gross margins in fuel and bitumen, especially in Africa and Europe, supported operating performance

CURRENCY AND HYPERINFLATION IMPACTS - Unfavourable EUR/USD exchange rates and less positive hyperinflation effects weighed on reported results

LOWER FINANCIAL COSTS - Improved debt management and currency hedging reduced net financial debt costs

Company press release: ID:nGNEfSN8T

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 6.53 bln
EUR 6.72 bln (6 Analysts)
FY Adjusted EPS
EUR 2.98
FY EPS
EUR 2.98
FY Adjusted Net Income
EUR 309 mln
FY Net Income
EUR 309 mln
FY Capex
EUR 376 mln
FY EBIT
EUR 487 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for Rubis SCA is €36.60, about 2.6% above its March 11 closing price of €35.66

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)