Syensqo Reports Cash Flow of 356 Million Euros and Annual EBITDA of 1.21 Billion

Strong Financial Performance in 2025

Syensqo generated a free cash flow of 356 million euros for the year 2025, exceeding its initial guidance. The pro forma underlying EBITDA amounted to 1.21 billion euros, indicating sustained margins despite tight market conditions. The net revenue of the Composite Materials division grew by 4% over the year, bolstered by an acceleration in the fourth quarter. According to the group, these results reflect resilient cash generation and margin stability in a challenging demand landscape.

Outlook for 2026

For 2026, Syensqo anticipates low single-digit volumetric growth, with Composite Materials expected to lead, supported by robust demand from civil aerospace. Specialty Polymers should see a slight increase in volumes in the automotive sector, offset partially by a decline in consumer electronics and the phase-out of certain products, impacting the underlying EBITDA by about 30 million euros year-over-year. The semiconductor sector is expected to see a gradual recovery over the year, with an acceleration anticipated in the second half. Novecare projects moderate volume growth, while Technology Solutions is likely to see its mining volumes affected by the temporary closure of a mine in Indonesia during the first half of the year.

Continued Cost-Saving Initiatives

The group remains on track to successfully execute its cost-saving program, targeting over 200 million euros in annual savings at steady state by the end of 2026. The impact of currency movements relative to the euro is expected to represent a headwind of about 40 million euros on the underlying EBITDA for 2026. Syensqo continues the divestiture of its Aroma business, with an update expected by the end of the second quarter, following the completion of the Oil & Gas portfolio sale in January 2026. The gross margins of the four global operational divisions are expected to remain broadly stable compared to 2025.