Nexans Reports Record Organic Growth of 8.3% in 2025 and Increases EBITDA Margin
Global cable manufacturer Nexans announced its annual results for 2025 on Thursday, showcasing a strong financial performance. The company recorded an organic growth of 8.3%, significantly exceeding its medium-term targets, while its adjusted EBITDA margin improved to 11.9% of standard revenue.
Strong Financial Performance in 2025
In 2025, Nexans achieved a standard revenue of 6.1 billion euros, up 10.1% from 2024, with 8.3% organic growth. This increase significantly surpasses the group's medium-term objectives, according to the data presented. The adjusted EBITDA reached 728 million euros, up 27.3% from 571 million euros in 2024. The adjusted EBITDA margin was established at 11.9% of standard revenue, progressing by 161 basis points. In the fourth quarter, the momentum strengthened with an organic growth of 11.8% and a standard revenue of 1.6 billion euros. The PWR-Transmission segment recorded an exceptionally high organic growth of 29.8%, generating 1.657 billion euros of standard revenue and an adjusted EBITDA up by 42.8% at 203 million euros. The PWR-Grid and PWR-Connect segments evolved in line with medium-term objectives, with respective revenues of 1.319 billion euros and 2.341 billion euros.
Net Results and Financial Health
The net result from continuing operations stood at 219 million euros in 2025, up from 167 million euros in 2024, an increase of 31.1%. The overall net result, including discontinued operations, reached 358 million euros, up 26.6% from 283 million euros in 2024. The free cash flow totaled 344 million euros, almost doubling from 177 million euros in the previous year, with an impressive cash conversion rate of 47.3%. Net debt was reduced to 266 million euros as of December 31, 2025, down from 681 million euros a year earlier, a decrease of 415 million euros. The financial leverage ratio remains low at 0.36x. Nexans will propose a dividend of 2.90 euros per share for 2025 at its general meeting on May 21, 2026, an increase of 11.5% from the previous year, representing a payout ratio of 41.9%.
Acquisitions and Future Outlook
The group completed two acquisitions in 2025: Cables RCT in Spain, integrated on June 2, 2025, and Electro Cables in Canada, finalized on December 17, 2025. Cables RCT had achieved a revenue of 133 million euros in 2024 with about 175 employees. Electro Cables reported a current revenue of about 125 million euros over the last twelve months ending in July 2025 with around 200 employees. Nexans announced it has entered into exclusive negotiations for the sale of Autoelectric, its automotive cable harnesses business. The transaction, conducted with Samvardhana Motherson International Limited, was announced on December 22, 2025, for an enterprise value of 207 million euros. Autoelectric, based in Germany, generated about 749 million euros in current annual revenue in 2024 and has nearly 14,000 employees. The completion is expected in mid-2026. For 2026, Nexans anticipates an adjusted EBITDA between 730 and 810 million euros and a free cash flow between 210 and 310 million euros, with a more moderate performance expected in the first half than in the second half.
