Group Full-year 2025 Financial Results

Today, Nexans, a global leader in the design and manufacturing of cable systems to power the world, published its financial statements for the fiscal year 2025, as approved by the Board of Directors at its meeting on February 18, 2026 chaired by Jean Mouton, Chairman of the Board of Directors.

• Strong set of results reflecting the strengths of Nexans’ business model and quality of execution
  • FY 2025 standard sales of €6.1 billion (current sales of €7.8 billion), with a high level of organic growth at +8.3%, well-above our mid-term guidelines. Strong momentum in Q4 2025 with +11.8% organic growth and standard sales of €1.6 billion
  • Adjusted EBITDA of €728 million, up +27.3% year-on-year, adjusted EBITDA margin at 11.9% of standard sales, up +161 bps
  • Net income from continuing operations at €219 million in 2025 compared to €167 million in 2024, up +31.1%
  • Net income at €358 million in 2025 compared to €283 million in 2024, up +26.6%, (including the results of the discontinued operations)
  • Attractive return to shareholders with a dividend for FY 2025: €2.90 per share, up
    + 11.5% vs. 2024, translating a pay-out ratio of 41.9%.

• Sound balance sheet with solid cash flow generation and low leverage ratio
  • Excellent cash generation with free cash flow of €344 million in 2025 (vs €177 million in 2024), reflecting disciplined management across all business units and benefiting from above average downpayments in PWR-Transmission, resulting in a high cash conversion rate at 47.3%
  • Well-diversified debt profile and no upcoming maturities before 2027.

• Nexans will step-up its M&A activity now that the Group has entered into exclusive negotiations for the sale of Autoelectric
  • Autoelectric exclusive negotiations announced in December 2025, last portion of the portfolio rotation – closing expected mid-2026
  • Two targeted acquisitions in 2025: Cables RCT in Spain and Electro Cables in Canada
  • M&A remains at the core of Nexans’ strategy to further fuel its growth and replicate its model of value creation.

• Sustainability: a strong delivery in line with our E3 performance model
  • Circular economy: recycled copper content reached 19.3%, moving toward the 2028 target of 25%
  • Scope 1, 2 & 3 ahead of interim decarbonization targets with -49% GHG reduction on Scope 1&2 and -40% on Scope 3.

• Full-year 2026 guidance
  • Adjusted EBITDA of between €730 million and €810 million
  • Free Cash Flow of between €210 million and €310 million
    With H1 2026 expected to be softer compared to H2 2026
    This guidance does not assume execution of the Great Sea Interconnector project in 2026 and excludes the contribution of not completed acquisitions.