For the full fiscal year 2025, EBITDA fell by 7.2% to 230 million euros, while gross margin declined by 5.7% to 771 million euros. Operating income swung from 123 million euros to -8 million euros. The latter was weighed down by a 124 million euro goodwill impairment charge recorded on the Mail business during fiscal 2025, following a revision of medium-term assumptions for this segment.

Finally, the group share of net income shifted from a 66 million euro profit to a 68 million euro loss, also impacted by the Mail business goodwill impairment. Excluding this impact, the group would have generated a profit of 56 million euros.

For 2026, Quadient considers the macroeconomic and geopolitical environment to remain challenging and expects to continue facing market uncertainties.

However, the Digital and Locker businesses are expected to maintain solid growth and continue expanding their EBITDA margins.

For the current fiscal year, the group is targeting organic revenue growth between -2% and +2%. For the Digital business, the EBITDA margin is expected to exceed 20%, while it is projected at 25% for the Mail business and above 10% for Lockers.

In the medium term, revenue targets for the Digital business have been revised upward to approximately 550 million euros, compared to the previous target of over 500 million euros.

Conversely, the forecast for the Mail division has been revised downward to approximately 500 million euros, from approximately 600 million euros previously.